David W. Gibbs Sells 7,059 Shares of Yum! Brands, Inc. (NYSE:YUM) Stock

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 7,059 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $135.94, for a total value of $959,600.46. Following the transaction, the chief executive officer now owns 149,385 shares of the company’s stock, valued at approximately $20,307,396.90. This represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Yum! Brands Stock Performance

Shares of NYSE YUM opened at $132.13 on Wednesday. Yum! Brands, Inc. has a fifty-two week low of $123.70 and a fifty-two week high of $143.20. The firm has a market capitalization of $36.87 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.25 and a beta of 1.10. The stock’s 50-day simple moving average is $134.43 and its 200-day simple moving average is $134.52.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the business posted $1.44 EPS. Yum! Brands’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts forecast that Yum! Brands, Inc. will post 5.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. TD Cowen reiterated a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price target on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Bank of America decreased their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Finally, Redburn Atlantic lowered Yum! Brands from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $145.94.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in YUM. Bahl & Gaynor Inc. purchased a new position in Yum! Brands during the 1st quarter worth approximately $208,000. Rockport Wealth LLC purchased a new position in Yum! Brands during the 1st quarter worth approximately $272,000. O Shaughnessy Asset Management LLC grew its stake in Yum! Brands by 12.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 23,332 shares of the restaurant operator’s stock worth $3,235,000 after buying an additional 2,650 shares during the last quarter. Seven Eight Capital LP purchased a new position in Yum! Brands during the 1st quarter worth approximately $402,000. Finally, Bessemer Group Inc. grew its stake in Yum! Brands by 20.9% during the 1st quarter. Bessemer Group Inc. now owns 32,556 shares of the restaurant operator’s stock worth $4,515,000 after buying an additional 5,637 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

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.