Yum! Brands, Inc. (NYSE:YUM - Get Free Report) CEO David W. Gibbs sold 3,815 shares of Yum! Brands stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $137.06, for a total value of $522,883.90. Following the completion of the transaction, the chief executive officer now directly owns 149,385 shares in the company, valued at $20,474,708.10. This represents a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Yum! Brands Stock Down 0.2 %
Shares of NYSE YUM opened at $134.73 on Wednesday. The stock's fifty day simple moving average is $135.43 and its 200 day simple moving average is $134.47. The stock has a market capitalization of $37.60 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.37 and a beta of 1.10. Yum! Brands, Inc. has a 52-week low of $124.76 and a 52-week high of $143.20.
Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.90 billion. During the same quarter in the previous year, the firm posted $1.44 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts anticipate that Yum! Brands, Inc. will post 5.47 earnings per share for the current year.
Yum! Brands Announces Dividend
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The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a $0.67 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 1.99%. Yum! Brands's payout ratio is 50.09%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Yum! Brands from $147.00 to $145.00 and set a "hold" rating for the company in a research report on Wednesday, November 6th. Bank of America lowered their price target on shares of Yum! Brands from $147.00 to $145.00 and set a "neutral" rating for the company in a report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Loop Capital dropped their target price on Yum! Brands from $143.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Finally, Redburn Atlantic lowered Yum! Brands from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $145.94.
View Our Latest Analysis on YUM
Hedge Funds Weigh In On Yum! Brands
A number of hedge funds have recently modified their holdings of the stock. Deseret Mutual Benefit Administrators lifted its stake in shares of Yum! Brands by 3.9% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator's stock valued at $271,000 after purchasing an additional 76 shares during the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of Yum! Brands by 2.2% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator's stock worth $458,000 after buying an additional 76 shares during the period. Diversified Trust Co raised its stake in shares of Yum! Brands by 2.4% in the third quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator's stock valued at $464,000 after acquiring an additional 79 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator's stock worth $36,000 after acquiring an additional 82 shares during the last quarter. Finally, Stephens Consulting LLC lifted its holdings in Yum! Brands by 17.4% during the 2nd quarter. Stephens Consulting LLC now owns 587 shares of the restaurant operator's stock worth $78,000 after buying an additional 87 shares in the last quarter. 82.37% of the stock is owned by institutional investors and hedge funds.
Yum! Brands Company Profile
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Get Free Report)
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.
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