Yum! Brands (NYSE:YUM) CEO Scott Mezvinsky Sells 273 Shares of Stock

Yum! Brands, Inc. (NYSE:YUM) CEO Scott Mezvinsky sold 273 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $154.27, for a total value of $42,115.71. Following the transaction, the chief executive officer owned 1,755 shares in the company, valued at $270,743.85. This trade represents a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, November 6th, Scott Mezvinsky sold 1,755 shares of Yum! Brands stock. The shares were sold at an average price of $148.81, for a total value of $261,161.55.
• On Wednesday, October 1st, Scott Mezvinsky sold 275 shares of Yum! Brands stock. The stock was sold at an average price of $152.59, for a total transaction of $41,962.25.

Yum! Brands Stock Up 0.7%

YUM stock traded up $1.05 during midday trading on Friday, hitting $148.66. The company’s stock had a trading volume of 145,118 shares, compared to its average volume of 2,086,791. The firm has a 50-day simple moving average of $146.45 and a 200-day simple moving average of $146.19. The firm has a market capitalization of $41.26 billion, a P/E ratio of 29.37, a PEG ratio of 2.08 and a beta of 0.73. Yum! Brands, Inc. has a 52-week low of $122.13 and a 52-week high of $163.30.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.96 billion. Yum! Brands had a net margin of 18.11% and a negative return on equity of 21.01%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 EPS. On average, sell-side analysts expect that Yum! Brands, Inc. will post 5.94 earnings per share for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum! Brands’s dividend payout ratio is presently 55.36%.

Wall Street Analysts Forecast Growth

YUM has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Piper Sandler lifted their price objective on Yum! Brands from $157.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday. Cowen reissued a “hold” rating on shares of Yum! Brands in a research note on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Yum! Brands in a research note on Wednesday, October 8th. Finally, BMO Capital Markets upped their price objective on Yum! Brands from $150.00 to $155.00 and gave the stock a “market perform” rating in a report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.29.

Institutional Trading of Yum! Brands

Institutional investors and hedge funds have recently made changes to their positions in the stock. Manchester Capital Management LLC boosted its position in Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 71 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in Yum! Brands in the 1st quarter worth about $25,000. HFM Investment Advisors LLC acquired a new stake in Yum! Brands in the 1st quarter worth about $25,000. Salomon & Ludwin LLC grew its holdings in Yum! Brands by 679.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 187 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 163 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Yum! Brands during the 2nd quarter valued at about $29,000. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

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.