Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs Sells 3,815 Shares of Stock

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 3,815 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $137.06, for a total value of $522,883.90. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Yum! Brands Stock Down 0.8 %

NYSE:YUM opened at $130.36 on Friday. The business’s 50-day moving average price is $135.30 and its 200 day moving average price is $134.42. Yum! Brands, Inc. has a 52-week low of $124.76 and a 52-week high of $143.20. The firm has a market cap of $36.38 billion, a P/E ratio of 24.37, a PEG ratio of 2.37 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) 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 business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the firm earned $1.44 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts expect that Yum! Brands, Inc. will post 5.47 EPS for the current year.

Yum! Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.06%. Yum! Brands’s dividend payout ratio (DPR) is presently 50.09%.

Institutional Investors Weigh In On Yum! Brands

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of Yum! Brands by 1.5% during the third quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator’s stock valued at $1,038,775,000 after purchasing an additional 111,147 shares during the last quarter. Legal & General Group Plc raised its holdings in 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 worth $419,123,000 after buying an additional 104,328 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Yum! Brands by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,632,862 shares of the restaurant operator’s stock valued at $228,127,000 after buying an additional 6,537 shares in the last quarter. Cantillon Capital Management LLC increased its position in shares of Yum! Brands by 3.8% in the third quarter. Cantillon Capital Management LLC now owns 1,428,040 shares of the restaurant operator’s stock worth $199,511,000 after acquiring an additional 51,690 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Yum! Brands by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 930,402 shares of the restaurant operator’s stock valued at $123,243,000 after acquiring an additional 58,437 shares during the period. 82.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on YUM shares. Loop Capital dropped their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. TD Cowen restated a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft cut their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price objective on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, Redburn Atlantic downgraded Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $145.94.

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.