Yum Brands Inc. (YUM) Trading Down 2.1% After Insider Selling
Yum Brands Inc. (NYSE:YUM)’s share price was down 2.1% during trading on Monday following insider selling activity. The company traded as low as $87.09 and last traded at $87.27, with a volume of 1,969,826 shares trading hands. The stock had previously closed at $89.18.
Specifically, VP David Eric Russell sold 5,213 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $90.00, for a total value of $469,170.00. Following the transaction, the vice president now owns 14,428 shares of the company’s stock, valued at $1,298,520. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tracy L. Skeans sold 1,793 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $90.02, for a total transaction of $161,405.86. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by corporate insiders.
A number of equities analysts recently issued reports on YUM shares. BTIG Research reissued a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $70.00 price objective on shares of Yum Brands in a report on Wednesday, October 5th. Wells Fargo & Co. reissued a “market perform” rating and issued a $83.00 price objective on shares of Yum Brands in a report on Monday, July 11th. Jefferies Group restated a “hold” rating and set a $85.00 target price on shares of Yum Brands in a research note on Friday, October 7th. Finally, Cowen and Company restated a “buy” rating on shares of Yum Brands in a research note on Sunday, July 17th. Four 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 currently has a consensus rating of “Hold” and an average price target of $92.46.
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The firm has a market capitalization of $32.79 billion, a P/E ratio of 26.29 and a beta of 0.76. The firm has a 50 day moving average price of $89.31 and a 200-day moving average price of $85.54.
Yum Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The firm earned $3.32 billion during the quarter. During the same period in the prior year, the company posted $1.00 earnings per share. The business’s revenue 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be paid a $0.51 dividend. 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 2.29%. The ex-dividend date of this dividend is Monday, October 17th. Yum Brands’s dividend payout ratio is currently 46.82%.
A number of hedge funds and other institutional investors have recently bought and sold shares of YUM. Advisory Services Network LLC increased its stake in shares of Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock worth $107,000 after buying an additional 109 shares during the period. Tortoise Investment Management LLC increased its stake in shares of Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock worth $110,000 after buying an additional 125 shares during the period. Zions Bancorporation increased its stake in shares of Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock worth $121,000 after buying an additional 220 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in shares of Yum Brands during the second quarter worth about $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Yum Brands by 637.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,652 shares of the restaurant operator’s stock worth $137,000 after buying an additional 1,428 shares during the period. 76.09% of the stock is owned by hedge funds and other institutional investors.
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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