Brian R. Niccol Sells 2,294 Shares of Yum! Brands, Inc. (YUM) Stock

Yum! Brands, Inc. (NYSE:YUM) CEO Brian R. Niccol sold 2,294 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $84.90, for a total value of $194,760.60. Following the sale, the chief executive officer now owns 10,160 shares in the company, valued at $862,584. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Yum! Brands, Inc. (NYSE YUM) traded up $0.93 during mid-day trading on Tuesday, hitting $85.84. The stock had a trading volume of 2,010,000 shares, compared to its average volume of 1,560,000. Yum! Brands, Inc. has a one year low of $62.36 and a one year high of $86.34. The firm has a market cap of $28,930.00, a PE ratio of 50.20, a PEG ratio of 2.02 and a beta of 0.91. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of -1.55.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. sell-side analysts predict that Yum! Brands, Inc. will post 2.81 EPS for the current year.

Yum! Brands declared that its Board of Directors has initiated a stock repurchase plan on Friday, November 17th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the restaurant operator to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Several hedge funds have recently modified their holdings of the company. Peapack Gladstone Financial Corp increased its position in shares of Yum! Brands by 1.1% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 6,891 shares of the restaurant operator’s stock valued at $508,000 after purchasing an additional 73 shares during the period. Optimum Investment Advisors increased its position in shares of Yum! Brands by 0.4% during the 2nd quarter. Optimum Investment Advisors now owns 25,399 shares of the restaurant operator’s stock valued at $1,873,000 after purchasing an additional 100 shares during the period. Sii Investments Inc. WI increased its position in shares of Yum! Brands by 2.6% during the 2nd quarter. Sii Investments Inc. WI now owns 3,992 shares of the restaurant operator’s stock valued at $294,000 after purchasing an additional 100 shares during the period. Hall Capital Management Co. Inc. increased its position in shares of Yum! Brands by 2.0% during the 2nd quarter. Hall Capital Management Co. Inc. now owns 12,085 shares of the restaurant operator’s stock valued at $891,000 after purchasing an additional 235 shares during the period. Finally, People s United Financial Inc. increased its position in shares of Yum! Brands by 2.2% during the 2nd quarter. People s United Financial Inc. now owns 13,579 shares of the restaurant operator’s stock valued at $1,002,000 after purchasing an additional 287 shares during the period. Institutional investors own 73.70% of the company’s stock.

YUM has been the topic of a number of research reports. Nomura increased their price target on Yum! Brands from $85.00 to $89.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Cowen reiterated a “buy” rating and set a $91.00 price target on shares of Yum! Brands in a research report on Friday, November 3rd. Oppenheimer restated a “buy” rating and issued a $85.00 target price on shares of Yum! Brands in a research report on Monday, October 30th. Stifel Nicolaus began coverage on Yum! Brands in a research report on Monday, October 2nd. They issued a “buy” rating and a $88.00 target price on the stock. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $80.00 target price on shares of Yum! Brands in a research report on Monday, October 2nd. Eleven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $81.68.

TRADEMARK VIOLATION WARNING: This story was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://www.thestockobserver.com/2018/01/23/brian-r-niccol-sells-2294-shares-of-yum-brands-inc-yum-stock.html.

Yum! Brands Company Profile

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

Insider Buying and Selling by Quarter for Yum! Brands (NYSE:YUM)

Receive News & Ratings for Yum! Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply