David W. Gibbs Sells 7,059 Shares of Yum! Brands, Inc. (NYSE:YUM) Stock

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 7,059 shares of Yum! Brands stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $135.94, for a total value of $959,600.46. Following the completion of the transaction, the chief executive officer now owns 149,385 shares in the company, valued at $20,307,396.90. This trade represents a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Yum! Brands Stock Down 1.4 %

Shares of NYSE:YUM opened at $132.13 on Wednesday. The company has a market cap of $36.87 billion, a P/E ratio of 24.70, a P/E/G ratio of 2.25 and a beta of 1.10. Yum! Brands, Inc. has a 52 week low of $123.70 and a 52 week high of $143.20. The business has a fifty day simple moving average of $134.43 and a 200-day simple moving average of $134.52.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. Yum! Brands’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 EPS. Sell-side analysts expect that Yum! Brands, Inc. will post 5.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Yum! Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in YUM. Capital World Investors grew its position 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 acquiring an additional 3,470,883 shares during the period. Capital International Investors grew its position in Yum! Brands by 10.2% during the first quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock valued at $2,033,906,000 after acquiring an additional 1,362,813 shares during the period. Geode Capital Management LLC grew its position in 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 acquiring an additional 111,147 shares during the period. Legal & General Group Plc grew its position in Yum! Brands by 3.4% during the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after acquiring an additional 104,328 shares during the period. Finally, Epoch Investment Partners Inc. grew its position in Yum! Brands by 34.1% during the first quarter. Epoch Investment Partners Inc. now owns 1,681,933 shares of the restaurant operator’s stock valued at $233,200,000 after acquiring an additional 427,487 shares during the period. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Analysts Set New Price Targets

YUM has been the subject of several recent analyst reports. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft reduced their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Loop Capital reduced their price objective on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Robert W. Baird lifted their price objective on Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted 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. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.