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 firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the transaction, the chief executive officer now directly owns 155,883 shares of the company’s stock, valued at approximately $20,955,351.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Yum! Brands Stock Down 1.3 %

NYSE YUM opened at $130.60 on Thursday. The company has a 50-day moving average price of $133.29 and a 200-day moving average price of $135.65. Yum! Brands, Inc. has a 52 week low of $115.53 and a 52 week high of $143.20. The firm has a market capitalization of $36.78 billion, a P/E ratio of 23.16, a PEG ratio of 2.06 and a beta of 1.08.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $1.41 earnings per share. As a group, equities research analysts anticipate that Yum! Brands, Inc. will post 5.62 EPS for the current year.

Yum! Brands Dividend Announcement

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

Institutional Trading of Yum! Brands

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Yum! Brands by 24.0% during the 1st quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after buying an additional 5,607,517 shares in the last quarter. Capital World Investors lifted its holdings in Yum! Brands by 23.7% during the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock valued at $2,512,561,000 after purchasing an additional 3,470,883 shares in the last quarter. Capital International Investors boosted its position in shares of Yum! Brands by 10.2% in the first quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after purchasing an additional 1,362,813 shares during the period. Sustainable Growth Advisers LP increased its stake in shares of Yum! Brands by 2.1% in the first quarter. Sustainable Growth Advisers LP now owns 5,939,663 shares of the restaurant operator’s stock worth $823,534,000 after purchasing an additional 121,285 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Yum! Brands by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after purchasing an additional 104,328 shares during the period. Institutional investors own 82.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price target on Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Robert W. Baird raised their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Evercore ISI downgraded shares of Yum! Brands from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $160.00 to $145.00 in a research note on Tuesday, July 16th. TD Cowen reiterated a “buy” rating and set a $156.00 price target on shares of Yum! Brands in a report on Thursday, September 12th. Finally, The Goldman Sachs Group began coverage on shares of Yum! Brands in a report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $145.25.

About Yum! Brands

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.