Yum! Brands, Inc. (NYSE:YUM - Get Free Report) COO Tracy Skeans sold 3,494 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $158.00, for a total transaction of $552,052.00. Following the completion of the transaction, the chief operating officer directly owned 3 shares in the company, valued at $474. This trade represents a 99.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yum! Brands Price Performance
Shares of NYSE:YUM opened at $157.42 on Tuesday. The stock has a market cap of $42.96 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 2.48 and a beta of 0.55. The company has a 50 day moving average of $153.48 and a 200-day moving average of $155.97. Yum! Brands, Inc. has a one year low of $137.33 and a one year high of $170.14.
Yum! Brands (NYSE:YUM - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.04. Yum! Brands had a net margin of 25.42% and a negative return on equity of 24.57%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the business posted $1.44 earnings per share. Yum! Brands's revenue was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that Yum! Brands, Inc. will post 6.42 earnings per share for the current year.
Yum! Brands announced that its Board of Directors has approved a stock repurchase plan on Tuesday, June 16th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the restaurant operator to reacquire up to 9.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.
Analyst Ratings Changes
YUM has been the topic of several recent research reports. TD Cowen restated a "buy" rating and issued a $180.00 price target on shares of Yum! Brands in a research report on Tuesday, June 16th. Morgan Stanley upgraded Yum! Brands from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $180.00 to $185.00 in a report on Wednesday, June 3rd. Evercore reissued an "outperform" rating on shares of Yum! Brands in a research note on Tuesday, June 16th. UBS Group restated a "buy" rating on shares of Yum! Brands in a report on Thursday, June 18th. Finally, Argus decreased their target price on Yum! Brands from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, August 17th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $174.65.
Check Out Our Latest Report on YUM
Institutional Trading of Yum! Brands
A number of large investors have recently made changes to their positions in YUM. Brighton Jones LLC raised its stake in Yum! Brands by 8.0% during the 4th quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator's stock worth $1,055,000 after buying an additional 583 shares during the period. First Trust Advisors LP grew its stake in Yum! Brands by 124.5% in the second quarter. First Trust Advisors LP now owns 151,316 shares of the restaurant operator's stock valued at $22,422,000 after acquiring an additional 83,916 shares during the period. CIBC Asset Management Inc grew its stake in Yum! Brands by 10.0% in the second quarter. CIBC Asset Management Inc now owns 117,824 shares of the restaurant operator's stock valued at $17,447,000 after acquiring an additional 10,755 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of Yum! Brands by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 130,205 shares of the restaurant operator's stock worth $19,294,000 after acquiring an additional 1,256 shares in the last quarter. Finally, HUB Investment Partners LLC increased its holdings in shares of Yum! Brands by 59.1% in the second quarter. HUB Investment Partners LLC now owns 2,319 shares of the restaurant operator's stock worth $344,000 after acquiring an additional 861 shares in the last quarter. Institutional investors own 82.37% of the company's stock.
About Yum! Brands
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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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