Scott Mezvinsky Sells 275 Shares of Yum! Brands (NYSE:YUM) Stock

Key Points

• CEO Scott Mezvinsky sold 275 shares of Yum! Brands at an average price of $152.59, decreasing his ownership by 13.55% to 1,755 shares valued at approximately $267,795.45.
• Yum! Brands reported $1.44 EPS for the recent quarter, missing expectations slightly, and achieved revenue of $1.93 billion, up 9.6% year-over-year.
• The company declared a quarterly dividend of $0.71 per share, translating to a 1.9% yield, with a payout ratio of 56.02%.

Yum! Brands, Inc. (NYSE:YUM - Get Free Report) CEO Scott Mezvinsky sold 275 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $152.59, for a total value of $41,962.25. Following the completion of the sale, the chief executive officer owned 1,755 shares in the company, valued at approximately $267,795.45. The trade was a 13.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, August 6th, Scott Mezvinsky sold 263 shares of Yum! Brands stock. The shares were sold at an average price of $139.92, for a total value of $36,798.96.

Yum! Brands Price Performance

Shares of NYSE YUM traded up $1.47 during mid-day trading on Wednesday, hitting $153.47. The company had a trading volume of 866,944 shares, compared to its average volume of 2,107,262. The company has a market capitalization of $42.59 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.40 and a beta of 0.73. The business's 50-day simple moving average is $146.76 and its 200 day simple moving average is $147.32. Yum! Brands, Inc. has a 1-year low of $122.13 and a 1-year high of $163.30.

Yum! Brands (NYSE:YUM - Get Free Report) last announced 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). The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $1.35 earnings per share. On average, analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current 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 issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands's payout ratio is 56.02%.

Analyst Upgrades and Downgrades

YUM has been the subject of a number of recent analyst reports. Evercore ISI decreased their price target on Yum! Brands from $170.00 to $165.00 and set an "in-line" rating for the company in a report on Wednesday, August 6th. Wells Fargo & Company reduced 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. Barclays reissued an "overweight" rating and issued a $164.00 target price (down from $167.00) on shares of Yum! Brands in a report on Tuesday, August 5th. JPMorgan Chase & Co. reduced their target price on Yum! Brands from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group raised Yum! Brands from a "neutral" rating to a "buy" rating and set a $167.00 target price for the company in a report on Wednesday, June 4th. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $161.23.

Institutional Trading of Yum! Brands

Hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Yum! Brands by 151.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 156,690 shares of the restaurant operator's stock valued at $24,657,000 after buying an additional 94,355 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Yum! Brands in the 1st quarter worth approximately $270,000. Sowell Financial Services LLC acquired a new stake in shares of Yum! Brands in the 1st quarter worth approximately $939,000. First National Bank Sioux Falls acquired a new stake in shares of Yum! Brands in the 1st quarter worth approximately $283,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Yum! Brands by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 353,103 shares of the restaurant operator's stock worth $55,564,000 after acquiring an additional 6,673 shares during the period. 82.37% of the stock is owned by institutional investors and hedge funds.

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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