Yum! Brands, Inc. (NYSE:YUM) CEO Sells $36,798.96 in Stock

Key Points

• Scott Mezvinsky, the CEO of Yum! Brands, sold 263 shares of the company's stock for a total of $36,798.96, reducing his ownership by 13.03%.
• Yum! Brands reported quarterly earnings of $1.44 per share, missing analysts' estimates of $1.46, with a revenue of $1.93 billion.
• The company announced a quarterly dividend of $0.71 per share, translating to an annualized yield of 2.0% and a payout ratio of 56.02%.

Yum! Brands, Inc. (NYSE:YUM - Get Free Report) CEO Scott Mezvinsky sold 263 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $139.92, for a total value of $36,798.96. Following the sale, the chief executive officer owned 1,755 shares of the company's stock, valued at $245,559.60. This represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, July 1st, Scott Mezvinsky sold 272 shares of Yum! Brands stock. The stock was sold at an average price of $148.28, for a total value of $40,332.16.
• On Wednesday, June 4th, Scott Mezvinsky sold 268 shares of Yum! Brands stock. The stock was sold at an average price of $145.97, for a total value of $39,119.96.

Yum! Brands Trading Down 0.9%

Shares of NYSE YUM traded down $1.22 during mid-day trading on Friday, reaching $141.34. The company had a trading volume of 2,263,240 shares, compared to its average volume of 2,065,120. The stock has a market cap of $39.29 billion, a PE ratio of 27.88, a P/E/G ratio of 2.21 and a beta of 0.73. The company has a 50-day moving average price of $145.49 and a two-hundred day moving average price of $146.84. 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 issued its 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 company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%. The business's revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 earnings per share. On average, research analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.71 per share. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.0%. Yum! Brands's payout ratio is currently 56.02%.

Analyst Upgrades and Downgrades

A number of research firms have commented on YUM. Citigroup increased their target price on Yum! Brands from $148.00 to $151.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. TD Securities reissued a "hold" rating and issued a $158.00 price target on shares of Yum! Brands in a report on Wednesday, April 30th. TD Cowen cut their price target on Yum! Brands from $158.00 to $156.00 and set a "hold" rating on the stock in a report on Tuesday. Melius began coverage on Yum! Brands in a report on Monday, July 14th. They issued a "buy" rating and a $200.00 price target on the stock. Finally, Redburn Atlantic raised Yum! Brands from a "neutral" rating to a "buy" rating and raised their price target for the stock from $145.00 to $177.00 in a report on Tuesday, June 10th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $161.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fortitude Family Office LLC grew its holdings in shares of Yum! Brands by 5.6% during the second quarter. Fortitude Family Office LLC now owns 1,277 shares of the restaurant operator's stock valued at $189,000 after buying an additional 68 shares in the last quarter. Valmark Advisers Inc. grew its holdings in shares of Yum! Brands by 3.7% during the second quarter. Valmark Advisers Inc. now owns 1,915 shares of the restaurant operator's stock valued at $284,000 after buying an additional 69 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Yum! Brands by 1.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 6,605 shares of the restaurant operator's stock valued at $886,000 after buying an additional 71 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock valued at $25,000 after buying an additional 71 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Yum! Brands by 7.3% during the first 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 during the last quarter. Hedge funds and other institutional investors own 82.37% of the company's stock.

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.