Yum Brands Inc. (NYSE:YUM) CFO David W. Gibbs sold 14,487 shares of the business’s stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $89.92, for a total transaction of $1,302,671.04. Following the completion of the transaction, the chief financial officer now owns 48,261 shares in the company, valued at approximately $4,339,629.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Yum Brands Inc. (NYSE:YUM) opened at 86.16 on Wednesday. The firm has a market capitalization of $32.40 billion, a P/E ratio of 25.97 and a beta of 0.76. The company has a 50-day moving average price of $89.10 and a 200-day moving average price of $85.66. Yum Brands Inc. has a one year low of $64.58 and a one year high of $91.99.
Yum Brands (NYSE:YUM) last released its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The business had revenue of $3.32 billion for the quarter. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Yum Brands Inc. will post $3.70 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, October 17th. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.37%. Yum Brands’s dividend payout ratio is 46.82%.
Several equities analysts recently issued reports on the stock. Barclays PLC restated an “equal weight” rating and issued a $83.00 target price on shares of Yum Brands in a report on Friday, July 15th. JPMorgan Chase & Co. restated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Royal Bank Of Canada reiterated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Cowen and Company reiterated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Finally, Bank of America Corp. reiterated a “hold” rating on shares of Yum Brands in a report on Sunday, July 17th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $92.46.
A number of institutional investors have recently added to or reduced their stakes in the company. Mariner Wealth Advisors LLC acquired a new position in Yum Brands during the first quarter valued at $208,000. Prudential PLC increased its position in Yum Brands by 6.1% in the first quarter. Prudential PLC now owns 1,810,955 shares of the restaurant operator’s stock worth $148,227,000 after buying an additional 104,470 shares during the period. Simmons Bank purchased a new position in Yum Brands during the first quarter worth approximately $814,000. Geode Capital Management LLC increased its position in Yum Brands by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,357,178 shares of the restaurant operator’s stock worth $274,229,000 after buying an additional 28,204 shares during the period. Finally, Kimelman & Baird LLC purchased a new position in Yum Brands during the first quarter worth approximately $764,000. Hedge funds and other institutional investors own 76.09% of the company’s stock.
Yum Brands Company Profile
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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