Insider Selling: Yum! Brands, Inc. (NYSE:YUM) COO Sells 12,220 Shares of Stock

Key Points

• Yum! Brands COO Tracy L. Skeans sold 12,220 shares of stock on August 15th for approximately $1.81 million, as reported in a filing with the SEC.
• The company's stock traded up by 1.4% on Monday, reaching a price of $150.26, with a one-year range from $122.13 to $163.30.
• Yum! Brands reported Q2 earnings of $1.44 per share, missing estimates by $0.02, and had revenues of $1.93 billion, falling short of the consensus estimate of $1.94 billion.

Yum! Brands, Inc. (NYSE:YUM - Get Free Report) COO Tracy L. Skeans sold 12,220 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $148.24, for a total transaction of $1,811,492.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Yum! Brands Trading Up 1.4%

NYSE YUM traded up $2.08 during trading on Monday, hitting $150.26. The company had a trading volume of 459,290 shares, compared to its average volume of 2,142,052. Yum! Brands, Inc. has a one year low of $122.13 and a one 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 company's fifty day moving average is $145.55 and its 200-day moving average is $147.65.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company posted $1.35 earnings per share. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on YUM shares. Sanford C. Bernstein set a $164.00 price target on shares of Yum! Brands in a research note on Tuesday, August 5th. Redburn Atlantic raised shares of Yum! Brands from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $145.00 to $177.00 in a research note on Tuesday, June 10th. Piper Sandler boosted their price target on shares of Yum! Brands from $150.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Barclays reissued an "overweight" rating and issued a $164.00 price target (down previously from $167.00) on shares of Yum! Brands in a research note on Tuesday, August 5th. Finally, Morgan Stanley cut their price objective on shares of Yum! Brands from $153.00 to $151.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $161.23.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Fortitude Family Office LLC increased its stake in shares of Yum! Brands by 5.6% in the 2nd quarter. Fortitude Family Office LLC now owns 1,277 shares of the restaurant operator's stock worth $189,000 after acquiring an additional 68 shares in the last quarter. Valmark Advisers Inc. increased its stake in Yum! Brands by 3.7% during the 2nd quarter. Valmark Advisers Inc. now owns 1,915 shares of the restaurant operator's stock valued at $284,000 after purchasing an additional 69 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in Yum! Brands by 1.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 6,605 shares of the restaurant operator's stock valued at $886,000 after purchasing an additional 71 shares in the last quarter. Manchester Capital Management LLC increased its stake in Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Yum! Brands by 7.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the restaurant operator's stock valued at $165,000 after purchasing an additional 71 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors.

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.

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