Yum Brands Inc. (YUM) CFO David W. Gibbs Sells 14,487 Shares
Yum Brands Inc. (NYSE:YUM) CFO David W. Gibbs sold 14,487 shares of the firm’s stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $89.92, for a total value of $1,302,671.04. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Yum Brands Inc. (NYSE:YUM) traded down 0.18% during trading on Friday, hitting $89.21. The stock had a trading volume of 4,484,073 shares. The stock has a market cap of $33.54 billion, a price-to-earnings ratio of 26.89 and a beta of 0.76. Yum Brands Inc. has a one year low of $64.58 and a one year high of $91.99. The stock’s 50-day moving average price is $89.33 and its 200 day moving average price is $85.47.
Yum Brands (NYSE:YUM) last announced its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. The company had revenue of $3.32 billion for the quarter. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 earnings per share. On average, equities analysts forecast that Yum Brands Inc. will post $3.70 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, October 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.28%. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio is currently 46.82%.
Several hedge funds and other institutional investors have recently made changes to their positions in YUM. Lone Pine Capital LLC raised its position in shares of Yum Brands by 559.3% in the second quarter. Lone Pine Capital LLC now owns 9,972,255 shares of the restaurant operator’s stock worth $826,899,000 after buying an additional 8,459,686 shares in the last quarter. Hitchwood Capital Management LP acquired a new position in Yum Brands during the second quarter valued at about $91,212,000. Emerald Acquisition Ltd. acquired a new position in Yum Brands during the second quarter valued at about $87,316,000. Bank of Montreal Can acquired a new position in Yum Brands during the second quarter valued at about $51,915,000. Finally, Renaissance Technologies LLC acquired a new position in Yum Brands during the first quarter valued at about $41,760,000. 76.14% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the company. Barclays PLC restated an “equal weight” rating and set a $83.00 price objective 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 restated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Cowen and Company restated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Finally, Bank of America Corp. restated a “hold” rating on shares of Yum Brands in a report on Sunday, July 17th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $92.46.
About Yum Brands
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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