Yum Brands Inc. (NYSE:YUM) CFO David W. Gibbs sold 14,487 shares of the stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $89.92, for a total transaction of $1,302,671.04. Following the completion of the transaction, the chief financial officer now directly owns 48,261 shares of the company’s stock, valued at approximately $4,339,629.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Yum Brands Inc. (NYSE:YUM) traded down 0.17% on Friday, hitting $89.22. 4,484,503 shares of the stock were exchanged. The stock has a market cap of $33.55 billion, a price-to-earnings ratio of 26.89 and a beta of 0.76. Yum Brands Inc. has a 1-year low of $64.58 and a 1-year high of $91.99. The stock’s 50-day moving average is $89.33 and its 200-day moving average is $85.47.
Yum Brands (NYSE:YUM) last released its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The company had revenue of $3.32 billion for the quarter. During the same quarter in the previous year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts forecast that Yum Brands Inc. will post $3.70 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, October 17th. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s payout ratio is presently 46.82%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its position in Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock worth $107,000 after buying an additional 109 shares during the last quarter. Tortoise Investment Management LLC increased its position in Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock worth $110,000 after buying an additional 125 shares during the last quarter. Zions Bancorporation increased its position in Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock worth $121,000 after buying an additional 220 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in Yum Brands during the second quarter worth about $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Yum Brands by 637.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,652 shares of the restaurant operator’s stock worth $137,000 after buying an additional 1,428 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.
Several research analysts recently issued reports on YUM shares. Robert W. Baird reissued a “neutral” rating and issued a $92.00 price target on shares of Yum Brands in a research report on Wednesday, September 7th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $97.00 price target (up previously from $96.00) on shares of Yum Brands in a research report on Sunday, October 2nd. Zacks Investment Research lowered shares of Yum Brands from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Wells Fargo & Co. reissued a “market weight” rating and issued a $87.00 price target on shares of Yum Brands in a research report on Sunday, October 2nd. Finally, Vetr cut shares of Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 price objective on the stock. in a research note on Monday, June 20th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $92.46.
Yum Brands Company Profile