Insider Selling: Yum! Brands (NYSE:YUM) CEO Sells 261 Shares of Stock

by · The Cerbat Gem

Yum! Brands, Inc. (NYSE:YUM – Get Free Report) CEO Scott Mezvinsky sold 261 shares of Yum! Brands stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $148.14, for a total value of $38,664.54. Following the sale, the chief executive officer directly owned 483 shares in the company, valued at $71,551.62. This trade represents a 35.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Friday, May 1st, Scott Mezvinsky sold 277 shares of Yum! Brands stock. The shares were sold at an average price of $160.48, for a total transaction of $44,452.96.

Yum! Brands Trading Up 0.1%

YUM traded up $0.21 during trading on Tuesday, hitting $148.16. 2,486,535 shares of the company traded hands, compared to its average volume of 1,814,886. The company has a market cap of $40.84 billion, a PE ratio of 23.80, a P/E/G ratio of 1.88 and a beta of 0.57. The stock’s 50-day simple moving average is $156.11 and its two-hundred day simple moving average is $155.66. Yum! Brands, Inc. has a 1 year low of $137.33 and a 1 year high of $169.39.

Yum! Brands (NYSE:YUM – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. Yum! Brands had a negative return on equity of 23.51% and a net margin of 20.48%.The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business posted $1.30 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Equities analysts expect that Yum! Brands, Inc. will post 6.77 EPS for the current year.

Yum! Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, May 27th. Yum! Brands’s dividend payout ratio is 48.39%.

Analysts Set New Price Targets

YUM has been the subject of several research reports. Weiss Ratings lowered shares of Yum! Brands from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Evercore restated an “outperform” rating and set a $190.00 price objective on shares of Yum! Brands in a research report on Friday, February 13th. Wells Fargo & Company lifted their target price on Yum! Brands from $160.00 to $165.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Morgan Stanley set a $180.00 target price on Yum! Brands in a research report on Friday, May 1st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $168.00 price objective on shares of Yum! Brands in a research note on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.89.

Read Our Latest Stock Report on YUM

Hedge Funds Weigh In On Yum! Brands

Institutional investors and hedge funds have recently bought and sold shares of the company. Steph & Co. boosted its position in shares of Yum! Brands by 107.5% in the 1st quarter. Steph & Co. now owns 166 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 86 shares in the last quarter. MV Capital Management Inc. acquired a new stake in Yum! Brands in the fourth quarter worth about $28,000. Manning & Napier Advisors LLC purchased a new stake in shares of Yum! Brands during the first quarter worth about $28,000. Wiser Advisor Group LLC acquired a new position in shares of Yum! Brands during the third quarter valued at about $28,000. Finally, State of Wyoming purchased a new position in shares of Yum! Brands in the 1st quarter valued at approximately $30,000. 82.37% of the stock is owned by hedge funds and other institutional investors.

About Yum! Brands

(Get Free Report)

Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.

The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.

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