Key Points
- CEO Sean Tresvant sold 3,000 Yum! Brands shares on May 26 at an average price of $154.68, totaling about $464,040. After the sale, he held 3,140 shares, a 48.86% reduction in his ownership.
- Yum! Brands reported better-than-expected quarterly results on April 29, posting EPS of $1.50 versus estimates of $1.39 and revenue of $2.06 billion, up 15.2% year over year.
- The company declared a quarterly dividend of $0.75 per share, payable June 12, which annualizes to $3.00 per share and a yield of about 1.9%.
Yum! Brands, Inc. (NYSE:YUM - Get Free Report) CEO Sean Tresvant sold 3,000 shares of the company's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $154.68, for a total value of $464,040.00. Following the transaction, the chief executive officer owned 3,140 shares in the company, valued at $485,695.20. This trade represents a 48.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Yum! Brands Stock Down 0.3%
NYSE:YUM opened at $154.65 on Wednesday. The stock's fifty day moving average is $156.99 and its two-hundred day moving average is $155.65. Yum! Brands, Inc. has a 52 week low of $137.33 and a 52 week high of $169.39. The stock has a market capitalization of $42.62 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 1.97 and a beta of 0.61.
Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.11. Yum! Brands had a negative return on equity of 23.51% and a net margin of 20.48%.The company had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the prior year, the firm earned $1.30 earnings per share. The firm's revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts expect that Yum! Brands, Inc. will post 6.77 EPS for the current fiscal year.
Yum! Brands Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Wednesday, May 27th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, May 27th. Yum! Brands's dividend payout ratio (DPR) is presently 48.39%.
Analyst Ratings Changes
Several analysts have recently issued reports on YUM shares. Evercore reiterated an "outperform" rating and issued a $190.00 price objective on shares of Yum! Brands in a research note on Friday, February 13th. Wells Fargo & Company increased their price objective on Yum! Brands from $160.00 to $165.00 and gave the company an "equal weight" rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $177.00 price objective on Yum! Brands in a research note on Thursday, April 30th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $165.00 price objective on shares of Yum! Brands in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. increased their price objective on Yum! Brands from $160.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, February 24th. Twelve equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $176.22.
Check Out Our Latest Analysis on Yum! Brands
Hedge Funds Weigh In On Yum! Brands
Large investors have recently bought and sold shares of the business. Steph & Co. increased its holdings in Yum! Brands by 107.5% in the first quarter. Steph & Co. now owns 166 shares of the restaurant operator's stock valued at $26,000 after buying an additional 86 shares during the last quarter. MV Capital Management Inc. purchased a new position in Yum! Brands in the fourth quarter valued at $28,000. Manning & Napier Advisors LLC purchased a new position in Yum! Brands in the first quarter valued at $28,000. Wiser Advisor Group LLC purchased a new position in Yum! Brands in the third quarter valued at $28,000. Finally, State of Wyoming purchased a new position in Yum! Brands in the first quarter valued at $30,000. Hedge funds and other institutional investors own 82.37% of the company's stock.
Yum! Brands Company Profile
(
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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