Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs Sells 7,059 Shares

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 7,059 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $135.94, for a total transaction of $959,600.46. Following the sale, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at approximately $20,307,396.90. The trade was a 4.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Yum! Brands Trading Up 0.3 %

Shares of YUM opened at $134.01 on Tuesday. The stock has a market cap of $37.40 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.25 and a beta of 1.10. Yum! Brands, Inc. has a 1 year low of $123.70 and a 1 year high of $143.20. The stock’s 50-day moving average price is $134.44 and its two-hundred day moving average price is $134.53.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the business earned $1.44 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts forecast that Yum! Brands, Inc. will post 5.48 EPS for the current year.

Hedge Funds Weigh In On Yum! Brands

Several institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank lifted its holdings in Yum! Brands by 15.5% during the third quarter. Toronto Dominion Bank now owns 127,446 shares of the restaurant operator’s stock worth $17,805,000 after acquiring an additional 17,133 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Yum! Brands by 7.4% during the third quarter. Coldstream Capital Management Inc. now owns 39,713 shares of the restaurant operator’s stock worth $5,547,000 after purchasing an additional 2,723 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Yum! Brands by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 7,441,170 shares of the restaurant operator’s stock valued at $1,038,775,000 after purchasing an additional 111,147 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Yum! Brands by 10.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 116,456 shares of the restaurant operator’s stock worth $16,270,000 after purchasing an additional 11,422 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Yum! Brands during the 3rd quarter worth approximately $994,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on YUM shares. Redburn Atlantic cut Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen reaffirmed a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. Bank of America reduced their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, Loop Capital reduced their target price on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $145.94.

About Yum! Brands

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.