Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs Sells 3,804 Shares

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 3,804 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $131.23, for a total transaction of $499,198.92. Following the transaction, the chief executive officer now owns 57,325 shares in the company, valued at $7,522,759.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Yum! Brands Stock Performance

NYSE YUM opened at $127.57 on Tuesday. The firm has a 50-day simple moving average of $132.49 and a 200 day simple moving average of $133.26. Yum! Brands, Inc. has a twelve month low of $103.96 and a twelve month high of $143.24. The stock has a market cap of $35.75 billion, a PE ratio of 25.82, a PEG ratio of 2.01 and a beta of 1.01.

Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, August 2nd. The restaurant operator reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.17. Yum! Brands had a net margin of 20.31% and a negative return on equity of 16.16%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the company earned $1.05 earnings per share. Research analysts forecast that Yum! Brands, Inc. will post 5.19 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, August 29th were given a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 1.90%. The ex-dividend date was Monday, August 28th. Yum! Brands’s dividend payout ratio (DPR) is presently 48.99%.

Analysts Set New Price Targets

Several research firms have recently commented on YUM. Barclays boosted their price target on shares of Yum! Brands from $138.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, August 3rd. StockNews.com began coverage on shares of Yum! Brands in a report on Thursday, August 17th. They set a “hold” rating on the stock. Guggenheim lowered their price target on shares of Yum! Brands from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Bank of America lifted their price objective on shares of Yum! Brands from $151.00 to $158.00 and gave the company a “neutral” rating in a research note on Thursday, August 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $155.00 price objective on shares of Yum! Brands in a research note on Thursday, August 3rd. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.11.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in YUM. RB Capital Management LLC raised its position in Yum! Brands by 9.7% in the first quarter. RB Capital Management LLC now owns 4,890 shares of the restaurant operator’s stock worth $580,000 after purchasing an additional 431 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Yum! Brands by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 761,575 shares of the restaurant operator’s stock worth $90,284,000 after buying an additional 3,024 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Yum! Brands during the first quarter worth approximately $664,000. Moors & Cabot Inc. increased its holdings in shares of Yum! Brands by 7.4% during the first quarter. Moors & Cabot Inc. now owns 7,530 shares of the restaurant operator’s stock worth $893,000 after buying an additional 517 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Yum! Brands by 10.8% during the first quarter. Brown Brothers Harriman & Co. now owns 2,862 shares of the restaurant operator’s stock worth $339,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

About Yum! Brands

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It 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.