Key Points
- CEO Scott Mezvinsky sold 1,612 Yum! Brands shares on Feb. 13 at an average price of $164.63 for proceeds of $265,383.56, after previously selling 276 shares on Dec. 1 at $153.17.
- Yum! increased its quarterly dividend to $0.75 (from $0.71), payable Mar. 6 to holders of record Feb. 20, equating to a $3.00 annualized payout and roughly a 1.9% yield.
- The company reported Q results with EPS $1.73 (vs. $1.76 consensus) and revenue of $2.51B (beating estimates), while analysts' consensus rating is a "Moderate Buy" with an average price target of $174.00.
Yum! Brands, Inc. (NYSE:YUM - Get Free Report) CEO Scott Mezvinsky sold 1,612 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $164.63, for a total transaction of $265,383.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Scott Mezvinsky also recently made the following trade(s):
- On Monday, December 1st, Scott Mezvinsky sold 276 shares of Yum! Brands stock. The stock was sold at an average price of $153.17, for a total value of $42,274.92.
Yum! Brands Price Performance
Shares of YUM stock opened at $161.20 on Wednesday. The company has a market cap of $44.76 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.26 and a beta of 0.66. Yum! Brands, Inc. has a 1 year low of $137.33 and a 1 year high of $165.32. The stock's 50 day simple moving average is $155.15 and its two-hundred day simple moving average is $149.86.
Yum! Brands (NYSE:YUM - Get Free Report) last released its earnings results on Wednesday, February 4th. The restaurant operator reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.03). Yum! Brands had a net margin of 18.98% and a negative return on equity of 22.42%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the firm posted $1.61 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current year.
Yum! Brands Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a $0.75 dividend. This is an increase from Yum! Brands's previous quarterly dividend of $0.71. This represents a $3.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, February 20th. Yum! Brands's payout ratio is currently 51.17%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on YUM shares. Oppenheimer downgraded shares of Yum! Brands from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 6th. Morgan Stanley boosted their target price on Yum! Brands from $165.00 to $176.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 20th. TD Cowen reiterated a "buy" rating and issued a $180.00 price target on shares of Yum! Brands in a report on Thursday, February 5th. Citigroup raised their price target on Yum! Brands from $170.00 to $171.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. Finally, Sanford C. Bernstein restated an "overweight" rating and set a $179.00 price objective on shares of Yum! Brands in a report on Wednesday, January 7th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $174.00.
Read Our Latest Report on YUM
Institutional Trading of Yum! Brands
Several institutional investors and hedge funds have recently modified their holdings of YUM. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Yum! Brands by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 695,059 shares of the restaurant operator's stock worth $105,649,000 after purchasing an additional 8,888 shares during the last quarter. Amundi boosted its holdings in Yum! Brands by 115.8% in the 2nd quarter. Amundi now owns 1,311,849 shares of the restaurant operator's stock worth $197,013,000 after buying an additional 703,891 shares during the last quarter. Invesco Ltd. increased its stake in Yum! Brands by 34.3% during the 2nd quarter. Invesco Ltd. now owns 2,789,728 shares of the restaurant operator's stock worth $413,382,000 after buying an additional 713,167 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Yum! Brands by 19.7% during the third quarter. Retirement Systems of Alabama now owns 347,395 shares of the restaurant operator's stock valued at $52,804,000 after acquiring an additional 57,112 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Yum! Brands by 126.1% during the second quarter. Thrivent Financial for Lutherans now owns 29,192 shares of the restaurant operator's stock valued at $4,326,000 after acquiring an additional 16,282 shares during the last quarter. Institutional investors own 82.37% of the company's stock.
About Yum! Brands
(
Get Free Report)
Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company's principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.
The company's operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.
Further Reading
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