Scott Mezvinsky Sells 273 Shares of Yum! Brands (NYSE:YUM) Stock

Yum! Brands, Inc. (NYSE:YUM) CEO Scott Mezvinsky sold 273 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $154.27, for a total value of $42,115.71. Following the completion of the transaction, the chief executive officer directly owned 1,755 shares of the company’s stock, valued at $270,743.85. The trade was a 13.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Scott Mezvinsky also recently made the following trade(s):

• On Wednesday, October 1st, Scott Mezvinsky sold 275 shares of Yum! Brands stock. The stock was sold at an average price of $152.59, for a total value of $41,962.25.

Yum! Brands Price Performance

NYSE YUM traded down $0.59 during trading hours on Thursday, reaching $148.80. The company’s stock had a trading volume of 207,715 shares, compared to its average volume of 2,083,525. The company’s 50-day moving average is $146.41 and its two-hundred day moving average is $146.18. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30. The firm has a market capitalization of $41.30 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 2.08 and a beta of 0.72.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. Equities analysts forecast that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.84 annualized dividend and a yield of 1.9%. Yum! Brands’s dividend payout ratio (DPR) is 56.02%.

Institutional Trading of Yum! Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of Yum! Brands by 1.2% during the first quarter. Envestnet Asset Management Inc. now owns 256,961 shares of the restaurant operator’s stock worth $40,435,000 after purchasing an additional 3,172 shares during the last quarter. Dakota Wealth Management bought a new position in shares of Yum! Brands during the first quarter worth about $1,172,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Yum! Brands by 11.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 498,597 shares of the restaurant operator’s stock worth $78,459,000 after purchasing an additional 51,419 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of Yum! Brands by 741.1% during the first quarter. Penserra Capital Management LLC now owns 6,157 shares of the restaurant operator’s stock worth $968,000 after purchasing an additional 5,425 shares during the last quarter. Finally, Signal Advisors Wealth LLC bought a new position in shares of Yum! Brands during the second quarter worth about $304,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on YUM. Guggenheim decreased their target price on Yum! Brands from $167.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, October 28th. TD Cowen lifted their target price on Yum! Brands from $156.00 to $162.00 and gave the company a “hold” rating in a report on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Yum! Brands in a report on Wednesday, October 8th. Barclays lifted their target price on Yum! Brands from $163.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Wells Fargo & Company decreased their target price on Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Yum! Brands currently has an average rating of “Moderate Buy” and a consensus price target of $166.29.

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.