Insider Selling: Yum! Brands, Inc. (NYSE:YUM) CEO Sells $522,883.90 in Stock

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 3,815 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $137.06, for a total transaction of $522,883.90. Following the completion of the sale, the chief executive officer now owns 149,385 shares of the company’s stock, valued at approximately $20,474,708.10. The trade was a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Yum! Brands Stock Down 0.8 %

Shares of YUM opened at $130.36 on Friday. 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 price-to-earnings ratio of 24.37, a PEG ratio of 2.37 and a beta of 1.10. The business’s 50 day moving average is $135.30 and its two-hundred day moving average is $134.42.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. Yum! Brands’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 earnings per share. On average, equities analysts expect that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Monday, December 2nd. Yum! Brands’s dividend payout ratio is currently 50.09%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of YUM. Los Angeles Capital Management LLC raised its position in shares of Yum! Brands by 5,077.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator’s stock valued at $25,445,000 after acquiring an additional 178,612 shares in the last quarter. International Assets Investment Management LLC increased its stake in Yum! Brands by 14,151.9% during the third quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock valued at $20,708,000 after purchasing an additional 147,180 shares during the last quarter. Geode Capital Management LLC raised 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 worth $1,038,775,000 after purchasing an additional 111,147 shares during the period. Legal & General Group Plc lifted its position in shares of Yum! Brands by 3.4% in 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 last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Yum! Brands by 140.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock valued at $16,763,000 after buying an additional 73,844 shares during the period. Institutional investors own 82.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on YUM shares. Loop Capital lowered their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price target on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. TD Cowen restated a “hold” rating and issued a $145.00 price objective on shares of Yum! Brands in a report on Wednesday, November 6th. Bank of America decreased their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $145.94.

Yum! Brands Company Profile

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.