David W. Gibbs Sells 7,005 Shares of Yum! Brands, Inc. (NYSE:YUM) Stock

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now directly owns 155,883 shares in the company, valued at $20,955,351.69. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Yum! Brands Stock Down 1.3 %

Shares of YUM opened at $130.60 on Thursday. The business has a fifty day moving average of $133.29 and a 200 day moving average of $135.65. The company has a market cap of $36.78 billion, a PE ratio of 23.16, a P/E/G ratio of 2.06 and a beta of 1.08. Yum! Brands, Inc. has a 52-week low of $115.53 and a 52-week high of $143.20.

Yum! Brands (NYSE:YUM) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same quarter last year, the business earned $1.41 EPS. As a group, research analysts anticipate that Yum! Brands, Inc. will post 5.62 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.05%. Yum! Brands’s dividend payout ratio is 47.52%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Yum! Brands in a report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 target price on the stock. TD Cowen reiterated a “buy” rating and issued a $156.00 price target on shares of Yum! Brands in a research note on Thursday, September 12th. Morgan Stanley dropped their price objective on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Stifel Nicolaus decreased their target price on Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Finally, Robert W. Baird increased their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Yum! Brands presently has an average rating of “Hold” and a consensus price target of $145.25.

Institutional Investors Weigh In On Yum! Brands

Institutional investors and hedge funds have recently modified their holdings of the business. Ruedi Wealth Management Inc. grew its position in Yum! Brands by 79.8% in the 1st quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 83 shares during the last quarter. Manchester Capital Management LLC grew its holdings in shares of Yum! Brands by 165.7% in the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 116 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Yum! Brands in the first quarter worth about $28,000. Crewe Advisors LLC purchased a new position in Yum! Brands in the 1st quarter worth about $28,000. Finally, Meeder Asset Management Inc. lifted 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 valued at $36,000 after buying an additional 82 shares in the last quarter. 82.37% of the stock is owned by institutional investors.

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.