Scott Mezvinsky Sells 275 Shares of Yum! Brands (NYSE:YUM) Stock

Yum! Brands, Inc. (NYSE:YUM) CEO Scott Mezvinsky sold 275 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total transaction of $41,962.25. Following the sale, the chief executive officer owned 1,755 shares of the company’s stock, valued at $267,795.45. This trade represents a 13.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Scott Mezvinsky also recently made the following trade(s):

• On Wednesday, August 6th, Scott Mezvinsky sold 263 shares of Yum! Brands stock. The shares were sold at an average price of $139.92, for a total transaction of $36,798.96.

Yum! Brands Trading Down 0.5%

Shares of YUM stock opened at $150.61 on Friday. The firm has a market capitalization of $41.80 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 2.36 and a beta of 0.72. The firm has a fifty day simple moving average of $147.05 and a two-hundred day simple moving average of $147.28. Yum! Brands, Inc. has a 12 month low of $122.13 and a 12 month high of $163.30.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.02). Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $1.35 earnings per share. Yum! Brands’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.71 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a yield of 1.9%. Yum! Brands’s dividend payout ratio (DPR) is 56.02%.

Institutional Investors Weigh In On Yum! Brands

Several large investors have recently added to or reduced their stakes in YUM. Fortitude Family Office LLC boosted its stake in shares of Yum! Brands by 5.6% during the 2nd quarter. Fortitude Family Office LLC now owns 1,277 shares of the restaurant operator’s stock worth $189,000 after acquiring an additional 68 shares in the last quarter. Valmark Advisers Inc. boosted its stake in shares of Yum! Brands by 3.7% during the 2nd quarter. Valmark Advisers Inc. now owns 1,915 shares of the restaurant operator’s stock worth $284,000 after acquiring an additional 69 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 71 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Yum! Brands by 7.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the restaurant operator’s stock worth $165,000 after purchasing an additional 71 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of Yum! Brands by 0.8% during the 1st quarter. Valeo Financial Advisors LLC now owns 9,178 shares of the restaurant operator’s stock worth $1,444,000 after purchasing an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on YUM shares. Redburn Atlantic upgraded Yum! Brands from a “neutral” rating to a “buy” rating and raised their price objective for the company from $145.00 to $177.00 in a research note on Tuesday, June 10th. Sanford C. Bernstein set a $164.00 price objective on Yum! Brands in a research note on Tuesday, August 5th. Piper Sandler raised their price objective on Yum! Brands from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday. Evercore ISI decreased their target price on Yum! Brands from $170.00 to $165.00 and set an “in-line” rating for the company in a research report on Wednesday, August 6th. Finally, TD Cowen decreased their target price on Yum! Brands from $158.00 to $156.00 and set a “hold” rating for the company in a research report on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $161.32.

Yum! Brands Company Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.