David W. Gibbs Sells 7,106 Shares of Yum! Brands, Inc. (NYSE:YUM) Stock

Key Points

• Yum! Brands CEO David W. Gibbs sold 7,106 shares at an average price of $146.84, resulting in a transaction total of $1,043,445 and a 6.46% reduction in his ownership position.
• Despite missing earnings estimates of $1.46 per share with a reported $1.44 EPS, Yum! Brands saw a 9.6% year-over-year revenue increase to $1.93 billion.
• Analysts have mixed ratings on Yum! Brands, with a consensus rating of "Hold" and a target price averaging $161.23, indicating cautious optimism among financial experts.

Yum! Brands, Inc. (NYSE:YUM - Get Free Report) CEO David W. Gibbs sold 7,106 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $146.84, for a total transaction of $1,043,445.04. Following the completion of the transaction, the chief executive officer directly owned 102,893 shares in the company, valued at approximately $15,108,808.12. The trade was a 6.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Yum! Brands Stock Up 1.4%

NYSE:YUM traded up $2.08 during trading hours on Monday, hitting $150.26. 459,290 shares of the stock traded hands, compared to its average volume of 2,142,052. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30. The company has a market cap of $41.70 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 2.31 and a beta of 0.73. The stock has a 50 day moving average price of $145.55 and a 200 day moving average price of $147.65.

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

Analyst Ratings Changes

YUM has been the topic of a number of research analyst reports. Oppenheimer reissued an "outperform" rating and issued a $185.00 target price on shares of Yum! Brands in a research note on Monday, April 28th. Redburn Atlantic raised Yum! Brands from a "neutral" rating to a "buy" rating and raised their target price for the stock from $145.00 to $177.00 in a research note on Tuesday, June 10th. TD Securities reaffirmed a "hold" rating and set a $158.00 price objective on shares of Yum! Brands in a research report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price target on Yum! Brands from $162.00 to $160.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 6th. Finally, TD Cowen dropped their price target on Yum! Brands from $158.00 to $156.00 and set a "hold" rating on the stock in a research report on Tuesday, August 5th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $161.23.

Institutional Investors Weigh In On Yum! Brands

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Yum! Brands by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 34,557,612 shares of the restaurant operator's stock worth $5,120,747,000 after buying an additional 448,393 shares in the last quarter. State Street Corp grew its position in shares of Yum! Brands by 2.3% during the second quarter. State Street Corp now owns 13,131,263 shares of the restaurant operator's stock valued at $1,945,791,000 after purchasing an additional 297,641 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Yum! Brands by 2.7% during the second quarter. Geode Capital Management LLC now owns 8,216,042 shares of the restaurant operator's stock valued at $1,217,826,000 after purchasing an additional 218,046 shares in the last quarter. Norges Bank purchased a new position in shares of Yum! Brands during the second quarter valued at about $602,551,000. Finally, Loomis Sayles & Co. L P grew its position in shares of Yum! Brands by 1.1% during the second quarter. Loomis Sayles & Co. L P now owns 3,844,806 shares of the restaurant operator's stock valued at $569,723,000 after purchasing an additional 40,757 shares in the last quarter. Hedge funds and other 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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