Key Points
- Insider sale: CEO Christopher Lee Turner sold 242 shares on Feb. 26 at an average price of $166.02 for $40,176.84, leaving him with 65,297 shares (a 0.37% reduction valued at about $10.84M).
- Dividend increase: Yum! Brands raised its quarterly dividend to $0.75 (from $0.71); the ex-dividend date was Feb. 20, payable Mar. 6, implying a $3.00 annualized payout and a ~1.8% yield.
- Recent results and market context: Yum reported $1.73 EPS vs. $1.76 expected (a $0.03 miss) and $2.52B revenue (beat), with the stock near $167.52 and analysts holding an average "Moderate Buy" target of $174.50.
Yum! Brands, Inc. (NYSE:YUM - Get Free Report) CEO Christopher Lee Turner sold 242 shares of the company's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $166.02, for a total transaction of $40,176.84. Following the transaction, the chief executive officer owned 65,297 shares in the company, valued at $10,840,607.94. This represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Yum! Brands Stock Up 1.1%
NYSE:YUM traded up $1.81 on Friday, hitting $167.52. The stock had a trading volume of 48,112 shares, compared to its average volume of 2,033,064. Yum! Brands, Inc. has a 52 week low of $137.33 and a 52 week high of $169.39. The business's fifty day moving average is $157.09 and its 200 day moving average is $150.83. The company has a market cap of $46.31 billion, a PE ratio of 30.14, a P/E/G ratio of 2.33 and a beta of 0.66.
Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The restaurant operator reported $1.73 EPS for the quarter, missing analysts' consensus estimates of $1.76 by ($0.03). The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.45 billion. Yum! Brands had a net margin of 18.98% and a negative return on equity of 22.42%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 EPS. Equities analysts predict that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.
Yum! Brands Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, February 20th. This is a positive change from Yum! Brands's previous quarterly dividend of $0.71. This represents a $3.00 annualized dividend and a dividend yield of 1.8%. Yum! Brands's payout ratio is presently 54.05%.
Wall Street Analyst Weigh In
YUM has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued a "positive" rating on shares of Yum! Brands in a research report on Thursday, February 5th. The Goldman Sachs Group reissued a "buy" rating and set a $177.00 target price on shares of Yum! Brands in a research report on Wednesday, November 5th. Piper Sandler reaffirmed a "neutral" rating on shares of Yum! Brands in a report on Friday, December 5th. Morgan Stanley lifted their price target on Yum! Brands from $165.00 to $176.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 20th. Finally, TD Cowen restated a "buy" rating and set a $180.00 price target on shares of Yum! Brands in a research report on Thursday, February 5th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $174.50.
Get Our Latest Report on YUM
Institutional Investors Weigh In On Yum! Brands
Several large investors have recently added to or reduced their stakes in YUM. Magnolia Capital Advisors LLC boosted its position in Yum! Brands by 2.0% during the fourth quarter. Magnolia Capital Advisors LLC now owns 3,292 shares of the restaurant operator's stock worth $498,000 after purchasing an additional 63 shares during the period. Augustine Asset Management Inc. boosted its holdings in Yum! Brands by 2.0% in the 4th quarter. Augustine Asset Management Inc. now owns 3,287 shares of the restaurant operator's stock worth $497,000 after buying an additional 64 shares during the period. Essex Financial Services Inc. grew its stake in Yum! Brands by 1.0% in the 4th quarter. Essex Financial Services Inc. now owns 6,667 shares of the restaurant operator's stock valued at $1,009,000 after buying an additional 66 shares in the last quarter. Hilltop Holdings Inc. raised its holdings in Yum! Brands by 2.8% during the 4th quarter. Hilltop Holdings Inc. now owns 2,525 shares of the restaurant operator's stock valued at $382,000 after acquiring an additional 68 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in shares of Yum! Brands by 2.3% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 3,197 shares of the restaurant operator's stock worth $486,000 after acquiring an additional 71 shares during the period. Hedge funds and other 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.
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