Yum! Brands (NYSE:YUM) CEO Scott Mezvinsky Sells 268 Shares

Yum! Brands, Inc. (NYSE:YUM - Get Free Report) CEO Scott Mezvinsky sold 268 shares of Yum! Brands stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $153.64, for a total transaction of $41,175.52. Following the sale, the chief executive officer directly owned 482 shares in the company, valued at approximately $74,054.48. The trade was a 35.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Scott Mezvinsky also recently made the following trade(s):

• On Monday, August 3rd, Scott Mezvinsky sold 268 shares of Yum! Brands stock. The stock was sold at an average price of $153.15, for a total value of $41,044.20.
• On Wednesday, July 1st, Scott Mezvinsky sold 277 shares of Yum! Brands stock. The stock was sold at an average price of $160.42, for a total value of $44,436.34.

Yum! Brands Stock Down 0.8%

NYSE:YUM opened at $152.08 on Wednesday. Yum! Brands, Inc. has a 52 week low of $137.33 and a 52 week high of $170.14. The stock's fifty day moving average is $153.54 and its two-hundred day moving average is $155.70. The company has a market capitalization of $41.50 billion, a P/E ratio of 19.13, a P/E/G ratio of 2.46 and a beta of 0.55.

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Yum! Brands (NYSE:YUM - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.18 billion. Yum! Brands had a negative return on equity of 24.57% and a net margin of 25.42%.The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $1.44 EPS. Sell-side analysts anticipate that Yum! Brands, Inc. will post 6.42 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Wednesday, September 9th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, September 9th. Yum! Brands's dividend payout ratio (DPR) is 37.74%.

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Yum! Brands announced that its Board of Directors has initiated a share repurchase plan on Tuesday, June 16th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the restaurant operator to buy up to 9.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

YUM has been the topic of several research analyst reports. Argus cut their price objective on Yum! Brands from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, August 17th. UBS Group reaffirmed a "buy" rating on shares of Yum! Brands in a research report on Thursday, June 18th. TD Cowen reissued a "buy" rating and set a $180.00 price target on shares of Yum! Brands in a research report on Tuesday, June 16th. Citigroup raised their price objective on shares of Yum! Brands from $175.00 to $178.00 and gave the company a "neutral" rating in a research note on Sunday, July 12th. Finally, Evercore restated an "outperform" rating on shares of Yum! Brands in a report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $174.65.

Get Our Latest Research Report on Yum! Brands

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System increased its holdings in Yum! Brands by 15,378.9% during the 2nd quarter. California State Teachers Retirement System now owns 70,142,092 shares of the restaurant operator's stock worth $11,212,915,000 after purchasing an additional 69,688,945 shares during the period. BlackRock Inc. purchased a new position in shares of Yum! Brands in the 2nd quarter valued at about $4,186,811,000. Capital International Investors grew its position in shares of Yum! Brands by 20.0% during the fourth quarter. Capital International Investors now owns 19,419,826 shares of the restaurant operator's stock worth $2,938,139,000 after buying an additional 3,240,190 shares in the last quarter. State Street Corp grew its position in shares of Yum! Brands by 1.0% during the fourth quarter. State Street Corp now owns 13,164,814 shares of the restaurant operator's stock worth $1,991,573,000 after buying an additional 124,720 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Yum! Brands by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 8,800,382 shares of the restaurant operator's stock worth $1,334,427,000 after buying an additional 121,304 shares during the period. 82.37% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Yum! Brands

Here are the key news stories impacting Yum! Brands this week:

• Positive Sentiment: Pizza Hut sale streamlines the portfolio: Yum! Brands completed the sale of Pizza Hut outside Mainland China to LongRange Capital for approximately $1.5 billion, with an additional potential $75 million earn-out through 2030. The divestiture gives management more resources to focus on Taco Bell, KFC and other higher-growth businesses. Yum! Brands Completes Sale of Pizza Hut to LongRange Capital
• Positive Sentiment: Taco Bell expands in the UAE: Yum! Brands’ franchise partner Americana Restaurants signed an agreement to launch Taco Bell in the United Arab Emirates. The move expands the brand’s international footprint and could provide a long-term source of unit and royalty growth. Americana Restaurants signs deal to launch Taco Bell in UAE
• Neutral Sentiment: CEO stock sale was planned: CEO Scott Mezvinsky sold 268 shares worth approximately $41,176, reducing his holdings by 35.7%. Because the transaction was executed under a pre-arranged Rule 10b5-1 plan, it is less likely to represent a discretionary negative view of YUM’s valuation or outlook. SEC Form 4 filing
• Negative Sentiment: Investors remain cautious about Pizza Hut’s turnaround: The divestiture removes a slower-growing or challenged brand from Yum!’s consolidated portfolio, but it also reduces revenue diversification. Pizza Hut will now pursue its turnaround under private-equity ownership, while reports that Eduardo Luz is serving as interim CEO add uncertainty around the transition. The broader transaction, including the separate Mainland China deal, totals approximately $2.7 billion. Yum has sold Pizza Hut for $1.5B

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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