Yum! Brands (NYSE:YUM) CEO Sean Tresvant Sells 3,000 Shares

Yum! Brands, Inc. (NYSE:YUM) CEO Sean Tresvant sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $154.68, for a total value of $464,040.00. Following the sale, the chief executive officer owned 3,140 shares of the company’s stock, valued at approximately $485,695.20. This trade represents a 48.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Yum! Brands Trading Down 0.3%

NYSE:YUM opened at $154.65 on Wednesday. Yum! Brands, Inc. has a 12 month low of $137.33 and a 12 month high of $169.39. The stock has a 50 day moving average of $156.99 and a two-hundred day moving average of $155.65. The firm has a market cap of $42.62 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 1.97 and a beta of 0.61.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.50 EPS for the quarter, topping the consensus estimate of $1.39 by $0.11. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.04 billion. Yum! Brands had a negative return on equity of 23.51% and a net margin of 20.48%.Yum! Brands’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 EPS. On average, research analysts forecast that Yum! Brands, Inc. will post 6.77 earnings per share for the current year.

Yum! Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Wednesday, May 27th will be given a $0.75 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.9%. Yum! Brands’s dividend payout ratio is 48.39%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in Yum! Brands by 8.0% during the fourth quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator’s stock worth $1,055,000 after purchasing an additional 583 shares in the last quarter. First Trust Advisors LP lifted its stake in Yum! Brands by 124.5% during the second quarter. First Trust Advisors LP now owns 151,316 shares of the restaurant operator’s stock worth $22,422,000 after purchasing an additional 83,916 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Yum! Brands by 10.0% during the second quarter. CIBC Asset Management Inc now owns 117,824 shares of the restaurant operator’s stock worth $17,447,000 after purchasing an additional 10,755 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Yum! Brands by 1.0% during the second quarter. Treasurer of the State of North Carolina now owns 130,205 shares of the restaurant operator’s stock worth $19,294,000 after purchasing an additional 1,256 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its stake in Yum! Brands by 59.1% during the second quarter. HUB Investment Partners LLC now owns 2,319 shares of the restaurant operator’s stock worth $344,000 after purchasing an additional 861 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on YUM. Wells Fargo & Company upped their price target on Yum! Brands from $160.00 to $165.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $177.00 price target on Yum! Brands in a research report on Thursday, April 30th. Guggenheim restated a “buy” rating and issued a $180.00 price target on shares of Yum! Brands in a research report on Thursday, February 12th. Evercore restated an “outperform” rating and issued a $190.00 price target on shares of Yum! Brands in a research report on Friday, February 13th. Finally, Citigroup upped their price objective on Yum! Brands from $174.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Twelve research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.22.

Yum! Brands Company Profile

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.