Yum! Brands, Inc. (NYSE:YUM) CEO Sells $959,600.46 in Stock

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 7,059 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $135.94, for a total transaction of $959,600.46. Following the sale, the chief executive officer now owns 149,385 shares of the company’s stock, valued at $20,307,396.90. The trade was a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Yum! Brands Price Performance

YUM traded up $0.36 on Monday, hitting $133.95. The company had a trading volume of 64,992 shares, compared to its average volume of 1,943,810. The stock has a market cap of $37.38 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.25 and a beta of 1.10. The company’s fifty day moving average price is $134.42 and its 200 day moving average price is $134.54. Yum! Brands, Inc. has a 1-year low of $123.70 and a 1-year high of $143.20.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 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 net margin of 21.13% and a negative return on equity of 18.93%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 EPS. On average, sell-side analysts forecast that Yum! Brands, Inc. will post 5.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on YUM. TD Cowen reaffirmed a “hold” rating and set a $145.00 target price on shares of Yum! Brands in a report on Wednesday, November 6th. Robert W. Baird upped their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Loop Capital decreased their price objective on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus decreased their price target on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.94.

Institutional Investors Weigh In On Yum! Brands

Hedge funds have recently bought and sold shares of the company. Capital World Investors increased its stake in shares of Yum! Brands by 23.7% in the first quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock worth $2,512,561,000 after purchasing an additional 3,470,883 shares during the period. Capital International Investors grew its holdings in Yum! Brands by 10.2% in the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock valued at $2,033,906,000 after buying an additional 1,362,813 shares during the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Yum! Brands by 34.1% during the first quarter. Epoch Investment Partners Inc. now owns 1,681,933 shares of the restaurant operator’s stock worth $233,200,000 after buying an additional 427,487 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Yum! Brands by 5,077.1% in the third quarter. Los Angeles Capital Management LLC now owns 182,130 shares of the restaurant operator’s stock valued at $25,445,000 after acquiring an additional 178,612 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of Yum! Brands by 14,151.9% in the third quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock worth $20,708,000 after acquiring an additional 147,180 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors.

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.