Key Points
- Yum! Brands CEO Scott Mezvinsky sold 241 shares at an average price of $136.89, generating $32,990.49. The Rule 10b5-1 transaction reduced his direct ownership by one-third to 482 shares.
- Yum! Brands reported quarterly EPS of $1.62, beating estimates by $0.04, while revenue rose 12.2% year over year to $2.17 billion. The company also pays a $0.75 quarterly dividend and authorized a $4 billion share-repurchase program.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $174.11, compared with the stock’s reported opening price of $136.66; institutional investors own 82.37% of the shares.
Yum! Brands, Inc. (NYSE:YUM - Get Free Report) CEO Scott Mezvinsky sold 241 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $136.89, for a total value of $32,990.49. Following the completion of the sale, the chief executive officer directly owned 482 shares in the company, valued at approximately $65,980.98. The trade was a 33.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Scott Mezvinsky also recently made the following trade(s):
- On Tuesday, September 1st, Scott Mezvinsky sold 268 shares of Yum! Brands stock. The shares were sold at an average price of $153.64, for a total transaction of $41,175.52.
- 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 transaction of $41,044.20.
Yum! Brands Stock Performance
YUM opened at $136.66 on Friday. Yum! Brands, Inc. has a 1 year low of $134.26 and a 1 year high of $170.14. The company's 50 day simple moving average is $147.05 and its 200 day simple moving average is $152.67. The stock has a market capitalization of $37.29 billion, a PE ratio of 17.19, a P/E/G ratio of 2.18 and a beta of 0.55.
Yum! Brands (NYSE:YUM - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $1.62 EPS for the quarter, topping the consensus estimate of $1.58 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. Yum! Brands had a net margin of 25.42% and a negative return on equity of 24.57%. Yum! Brands's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 earnings per share. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 6.46 earnings per share for the current fiscal year.
Yum! Brands Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Wednesday, September 9th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, September 9th. Yum! Brands's dividend payout ratio is presently 37.74%.
Yum! Brands declared that its Board of Directors has authorized a stock repurchase program on Tuesday, June 16th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the restaurant operator to purchase up to 9.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. 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 Yum! Brands from $175.00 to $178.00 and gave the stock a "neutral" rating in a report on Sunday, July 12th. JPMorgan Chase & Co. reduced their price objective on Yum! Brands from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday. Zacks Research cut Yum! Brands from a "hold" rating to a "strong sell" rating in a report on Monday, August 24th. Finally, Argus reissued a "hold" rating on shares of Yum! Brands in a research report on Thursday, September 24th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Yum! Brands currently has an average rating of "Moderate Buy" and a consensus target price of $174.11.
View Our Latest Analysis on YUM
Institutional Investors Weigh In On Yum! Brands
Large investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. lifted its position in Yum! Brands by 25.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 23,572 shares of the restaurant operator's stock worth $3,768,000 after acquiring an additional 4,760 shares in the last quarter. Bullseye Investment Management LLC purchased a new stake in shares of Yum! Brands during the second quarter valued at approximately $248,000. Tidal Investments LLC lifted its position in shares of Yum! Brands by 114.4% during the second quarter. Tidal Investments LLC now owns 53,189 shares of the restaurant operator's stock worth $8,503,000 after purchasing an additional 28,380 shares in the last quarter. Van Hulzen Asset Management LLC boosted its stake in shares of Yum! Brands by 2.2% in the second quarter. Van Hulzen Asset Management LLC now owns 8,008 shares of the restaurant operator's stock valued at $1,280,000 after purchasing an additional 171 shares during the period. Finally, National Pension Service boosted its stake in shares of Yum! Brands by 4.0% in the second quarter. National Pension Service now owns 470,206 shares of the restaurant operator's stock valued at $75,167,000 after purchasing an additional 18,060 shares during the period. Institutional investors and hedge funds own 82.37% of the company's stock.
Yum! Brands Company Profile
(
Get Free Report)
Yum! Brands, Inc is a global restaurant company that develops, operates, and franchises quick-service restaurants. Its portfolio includes KFC, which specializes in fried and cooked chicken; Taco Bell, known for Mexican-inspired food; Pizza Hut, which offers pizza and related products; and The Habit Burger Grill, a fast-casual chain focused on chargrilled burgers, sandwiches, salads, and shakes.
The company primarily uses a franchised business model, working with franchisees and licensees to operate restaurants in more than 150 countries and territories.
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