David Gibbs Sells 7,176 Shares of Yum! Brands (NYSE:YUM) Stock

Key Points

• Yum! Brands CEO David Gibbs sold 7,176 shares of the company's stock at an average price of $149.80, totaling over $1 million, which reduced his ownership stake by 6.52%.
• The company reported a Q2 EPS of $1.44, missing analysts' estimates, with a revenue of $1.93 billion, a 9.6% increase compared to the previous year.
• Yum! Brands recently declared a quarterly dividend of $0.71, equating to an annual yield of 1.9%.

Yum! Brands, Inc. (NYSE:YUM - Get Free Report) CEO David Gibbs sold 7,176 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $149.80, for a total transaction of $1,074,964.80. Following the transaction, the chief executive officer owned 102,893 shares in the company, valued at $15,413,371.40. This represents a 6.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Yum! Brands Price Performance

Shares of NYSE YUM traded down $0.04 during mid-day trading on Monday, reaching $149.46. 813,093 shares of the company traded hands, compared to its average volume of 2,111,098. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30. The firm has a market cap of $41.48 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 2.33 and a beta of 0.73. The stock has a fifty day simple moving average of $146.56 and a 200-day simple moving average of $147.92.

Yum! Brands (NYSE:YUM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $1.46 by ($0.02). Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business earned $1.35 EPS. Yum! Brands's revenue was up 9.6% compared to the same quarter last year. As a group, analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

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

Analysts Set New Price Targets

YUM has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on shares of Yum! Brands from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Evercore ISI decreased their price target on shares of Yum! Brands from $170.00 to $165.00 and set an "in-line" rating on the stock in a research report on Wednesday, August 6th. JPMorgan Chase & Co. decreased their price target on shares of Yum! Brands from $162.00 to $160.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 6th. Redburn Atlantic upgraded shares of Yum! Brands from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $145.00 to $177.00 in a research report on Tuesday, June 10th. Finally, Guggenheim restated a "buy" rating and issued a $167.00 price target (up previously from $165.00) on shares of Yum! Brands in a research report on Monday, August 4th. Ten investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $161.23.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Yum! Brands by 8.0% during the 4th quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator's stock worth $1,055,000 after purchasing an additional 583 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Yum! Brands by 6.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,820 shares of the restaurant operator's stock worth $8,294,000 after purchasing an additional 3,715 shares during the period. Nomura Holdings Inc. bought a new position in shares of Yum! Brands during the 4th quarter worth about $1,234,000. Raiffeisen Bank International AG bought a new stake in Yum! Brands in the fourth quarter valued at about $229,000. Finally, Rafferty Asset Management LLC boosted its position in Yum! Brands by 12.1% in the fourth quarter. Rafferty Asset Management LLC now owns 25,947 shares of the restaurant operator's stock valued at $3,481,000 after buying an additional 2,797 shares in the last quarter. Institutional investors own 82.37% of the company's stock.

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.

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