Yum! Brands, Inc. (NYSE:YUM) General Counsel Scott Catlett sold 1,015 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $116.63, for a total transaction of $118,379.45. Following the completion of the transaction, the general counsel now owns 5,376 shares in the company, valued at approximately $627,002.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Yum! Brands stock traded down $0.53 during midday trading on Friday, hitting $115.87. The stock had a trading volume of 11,894 shares, compared to its average volume of 1,499,555. The firm’s fifty day moving average is $113.29 and its two-hundred day moving average is $103.87. The company has a market capitalization of $35.64 billion, a PE ratio of 36.56, a P/E/G ratio of 2.47 and a beta of 0.53. Yum! Brands, Inc. has a 52-week low of $83.06 and a 52-week high of $119.72.
Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 3.87 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 19th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, August 16th. Yum! Brands’s dividend payout ratio is 53.00%.
Several equities analysts have recently weighed in on the stock. Robert W. Baird reiterated an “outperform” rating and issued a $112.00 price objective on shares of Yum! Brands in a research note on Monday, April 29th. JPMorgan Chase & Co. increased their price objective on shares of Yum! Brands from $97.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. Morgan Stanley increased their price objective on shares of Yum! Brands from $106.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Tigress Financial reiterated a “buy” rating on shares of Yum! Brands in a research note on Friday, July 12th. Finally, Edward Jones cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. Yum! Brands currently has an average rating of “Hold” and an average target price of $110.65.
A number of institutional investors have recently added to or reduced their stakes in YUM. BlackRock Inc. increased its holdings in Yum! Brands by 13.3% in the 2nd quarter. BlackRock Inc. now owns 25,133,613 shares of the restaurant operator’s stock worth $2,781,538,000 after acquiring an additional 2,947,074 shares in the last quarter. FMR LLC increased its holdings in Yum! Brands by 139.0% in the 1st quarter. FMR LLC now owns 2,658,807 shares of the restaurant operator’s stock worth $265,376,000 after acquiring an additional 1,546,142 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Yum! Brands by 14,945.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,219,002 shares of the restaurant operator’s stock worth $134,907,000 after acquiring an additional 1,210,900 shares in the last quarter. APG Asset Management N.V. increased its holdings in Yum! Brands by 41.3% in the 2nd quarter. APG Asset Management N.V. now owns 3,505,024 shares of the restaurant operator’s stock worth $340,623,000 after acquiring an additional 1,024,300 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Yum! Brands by 233.9% in the 1st quarter. Janus Henderson Group PLC now owns 845,079 shares of the restaurant operator’s stock worth $84,348,000 after acquiring an additional 591,961 shares in the last quarter. 74.97% of the stock is owned by institutional investors.
Yum! Brands Company Profile
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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