Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs Sells 3,815 Shares

Yum! Brands, Inc. (NYSE:YUM - Get Free Report) CEO David W. Gibbs sold 3,815 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $137.06, for a total transaction of $522,883.90. Following the sale, the chief executive officer now directly owns 149,385 shares in the company, valued at $20,474,708.10. The trade was a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Yum! Brands Stock Down 0.2 %

NYSE:YUM traded down $0.32 on Tuesday, hitting $134.73. The stock had a trading volume of 2,249,579 shares, compared to its average volume of 1,913,628. Yum! Brands, Inc. has a 52 week low of $124.76 and a 52 week high of $143.20. The business's fifty day moving average is $135.43 and its 200 day moving average is $134.49. The company has a market cap of $37.60 billion, a PE ratio of 25.21, a P/E/G ratio of 2.37 and a beta of 1.10.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.41 by ($0.04). The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. Yum! Brands's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share. Equities analysts predict that Yum! Brands, Inc. will post 5.47 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Monday, December 2nd. Yum! Brands's payout ratio is presently 50.09%.

Wall Street Analyst Weigh In

YUM has been the topic of several recent research reports. Bank of America cut their target price on Yum! Brands from $147.00 to $145.00 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. TD Cowen reaffirmed a "hold" rating and issued a $145.00 price objective on shares of Yum! Brands in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft reduced their target price on Yum! Brands from $147.00 to $145.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Loop Capital lowered their price target on shares of Yum! Brands from $143.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, November 6th. Finally, Redburn Atlantic downgraded shares of Yum! Brands from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $145.94.

Institutional Investors Weigh In On Yum! Brands

A number of institutional investors and hedge funds have recently made changes to their positions in YUM. Geode Capital Management LLC lifted its stake in Yum! Brands by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator's stock valued at $1,038,775,000 after acquiring an additional 111,147 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Yum! Brands by 3.4% in the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator's stock valued at $419,123,000 after purchasing an additional 104,328 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Yum! Brands by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,632,862 shares of the restaurant operator's stock valued at $228,127,000 after purchasing an additional 6,537 shares in the last quarter. Cantillon Capital Management LLC boosted its holdings in Yum! Brands by 3.8% during the third quarter. Cantillon Capital Management LLC now owns 1,428,040 shares of the restaurant operator's stock worth $199,511,000 after purchasing an additional 51,690 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Yum! Brands by 6.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 930,402 shares of the restaurant operator's stock worth $123,243,000 after purchasing an additional 58,437 shares in the last quarter. Institutional investors and hedge funds 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.