Yum! Brands, Inc. (NYSE:YUM) CEO Scott Mezvinsky Sells 268 Shares

Yum! Brands, Inc. (NYSE:YUM) CEO Scott Mezvinsky sold 268 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $145.97, for a total transaction of $39,119.96. Following the completion of the transaction, the chief executive officer now owns 1,755 shares of the company’s stock, valued at approximately $256,177.35. The trade was a 13.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Yum! Brands Trading Up 0.0%

Shares of YUM opened at $144.04 on Thursday. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30. The company has a market cap of $40.04 billion, a P/E ratio of 27.59, a P/E/G ratio of 2.31 and a beta of 0.74. The company’s fifty day simple moving average is $146.88 and its 200-day simple moving average is $142.87.

Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.01. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.85 billion. Yum! Brands had a net margin of 19.68% and a negative return on equity of 20.33%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 earnings per share. Analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 27th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.97%. The ex-dividend date is Tuesday, May 27th. Yum! Brands’s dividend payout ratio is presently 56.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Cowen reiterated a “hold” rating on shares of Yum! Brands in a research report on Wednesday, March 5th. Evercore ISI upped their target price on shares of Yum! Brands from $160.00 to $170.00 and gave the stock an “in-line” rating in a research report on Thursday, May 1st. TD Securities restated a “hold” rating and set a $158.00 target price on shares of Yum! Brands in a research report on Wednesday, April 30th. Oppenheimer restated an “outperform” rating and set a $185.00 target price on shares of Yum! Brands in a research report on Monday, April 28th. Finally, Robert W. Baird dropped their target price on shares of Yum! Brands from $176.00 to $174.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $157.30.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. HBK Sorce Advisory LLC increased its position in Yum! Brands by 2.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 2,664 shares of the restaurant operator’s stock valued at $357,000 after purchasing an additional 69 shares during the period. OLD Point Trust & Financial Services N A increased its position in Yum! Brands by 0.5% during the 4th quarter. OLD Point Trust & Financial Services N A now owns 15,357 shares of the restaurant operator’s stock valued at $2,060,000 after purchasing an additional 70 shares during the period. Integrated Wealth Concepts LLC increased its position in Yum! Brands by 1.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 6,605 shares of the restaurant operator’s stock valued at $886,000 after purchasing an additional 71 shares during the period. Manchester Capital Management LLC increased its position in Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Yum! Brands by 7.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 71 shares during the period. 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.