Yum! Brands, Inc. (NYSE:YUM) CFO David W. Gibbs sold 4,318 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $80.56, for a total value of $347,858.08. Following the completion of the sale, the chief financial officer now directly owns 39,396 shares of the company’s stock, valued at approximately $3,173,741.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Yum! Brands, Inc. (NYSE:YUM) opened at $79.59 on Friday. Yum! Brands, Inc. has a 12 month low of $60.34 and a 12 month high of $81.65. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of -1.55. The company has a market capitalization of $26,821.35, a price-to-earnings ratio of 28.42, a PEG ratio of 2.41 and a beta of 0.86.
Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company earned $1.09 EPS. Yum! Brands’s revenue was down 5.4% on a year-over-year basis. sell-side analysts expect that Yum! Brands, Inc. will post 2.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, November 14th. Yum! Brands’s payout ratio is 37.04%.
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A number of institutional investors and hedge funds have recently bought and sold shares of YUM. Pioneer Investment Management Inc. acquired a new position in Yum! Brands during the 2nd quarter worth about $104,149,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Yum! Brands during the 2nd quarter worth about $102,713,000. Bank of New York Mellon Corp increased its holdings in Yum! Brands by 18.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,910,196 shares of the restaurant operator’s stock worth $582,270,000 after purchasing an additional 1,220,537 shares during the period. Prudential Financial Inc. increased its holdings in Yum! Brands by 224.3% during the 2nd quarter. Prudential Financial Inc. now owns 1,549,775 shares of the restaurant operator’s stock worth $114,311,000 after purchasing an additional 1,071,899 shares during the period. Finally, Frontier Capital Management Co. LLC purchased a new stake in Yum! Brands during the 2nd quarter worth about $56,123,000. 72.15% of the stock is currently owned by hedge funds and other institutional investors.
YUM has been the subject of a number of research reports. Robert W. Baird lifted their target price on Yum! Brands from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $77.00 target price (up previously from $66.00) on shares of Yum! Brands in a report on Wednesday, August 9th. Jefferies Group LLC lifted their target price on Yum! Brands from $66.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Cowen and Company reaffirmed a “buy” rating and set a $91.00 target price on shares of Yum! Brands in a report on Friday, November 3rd. Finally, Zacks Investment Research downgraded Yum! Brands from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Twelve analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $80.95.
About Yum! Brands
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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