Yum! Brands, Inc. (NYSE:YUM) CFO David W. Gibbs sold 1,577 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $111.29, for a total value of $175,504.33. Following the completion of the sale, the chief financial officer now directly owns 43,867 shares of the company’s stock, valued at $4,881,958.43. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of YUM opened at $113.06 on Friday. The business’s 50 day moving average is $109.21. The company has a market cap of $34.31 billion, a price-to-earnings ratio of 35.67, a P/E/G ratio of 2.39 and a beta of 0.58. Yum! Brands, Inc. has a 52 week low of $77.68 and a 52 week high of $113.37.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 EPS. As a group, research analysts forecast that Yum! Brands, Inc. will post 3.82 earnings per share for the current year.
A number of analysts recently commented on the company. Tigress Financial reaffirmed a “buy” rating on shares of Yum! Brands in a research report on Friday, July 12th. Robert W. Baird reissued an “outperform” rating and set a $48.00 price objective (down from $54.00) on shares of Archer Daniels Midland in a report on Monday, April 29th. Edward Jones lowered Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, July 1st. Evercore ISI started coverage on Mondelez International in a report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 price objective for the company. Finally, BTIG Research boosted their price objective on Yum! Brands to $114.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $101.50.
Several hedge funds have recently added to or reduced their stakes in the company. Glassman Wealth Services grew its holdings in shares of Yum! Brands by 21.3% in the first quarter. Glassman Wealth Services now owns 586 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 103 shares in the last quarter. Wealth Alliance Advisory Group LLC grew its holdings in shares of Yum! Brands by 2.8% in the second quarter. Wealth Alliance Advisory Group LLC now owns 3,967 shares of the restaurant operator’s stock valued at $444,000 after acquiring an additional 108 shares in the last quarter. Rossmore Private Capital grew its holdings in shares of Yum! Brands by 2.5% in the first quarter. Rossmore Private Capital now owns 4,711 shares of the restaurant operator’s stock valued at $470,000 after acquiring an additional 115 shares in the last quarter. Kaizen Advisory LLC grew its holdings in shares of Yum! Brands by 16.0% in the fourth quarter. Kaizen Advisory LLC now owns 898 shares of the restaurant operator’s stock valued at $83,000 after acquiring an additional 124 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in shares of Yum! Brands by 2.6% in the first quarter. Wedbush Securities Inc. now owns 5,166 shares of the restaurant operator’s stock valued at $516,000 after acquiring an additional 133 shares in the last quarter. 74.85% of the stock is owned by institutional investors.
About Yum! Brands
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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