Yum! Brands (NYSE:YUM) CEO Scott Mezvinsky Sells 1,755 Shares of Stock

Yum! Brands, Inc. (NYSE:YUM) CEO Scott Mezvinsky sold 1,755 shares of Yum! Brands stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $148.81, for a total transaction of $261,161.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, November 5th, Scott Mezvinsky sold 273 shares of Yum! Brands stock. The stock was sold at an average price of $154.27, for a total value of $42,115.71.
• On Wednesday, October 1st, Scott Mezvinsky sold 275 shares of Yum! Brands stock. The shares were sold at an average price of $152.59, for a total value of $41,962.25.

Yum! Brands Price Performance

YUM opened at $148.84 on Friday. The firm has a market capitalization of $41.31 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 2.08 and a beta of 0.73. The business’s 50-day moving average is $146.49 and its two-hundred day moving average is $146.25. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations 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 revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $1.37 EPS. As a group, sell-side analysts expect that Yum! Brands, Inc. will post 5.94 EPS for the current year.

Yum! Brands Announces Dividend

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

Hedge Funds Weigh In On Yum! Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Manchester Capital Management LLC grew its position in shares of Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 71 shares during the period. Greykasell Wealth Strategies Inc. purchased a new position in Yum! Brands during the first quarter worth approximately $25,000. HFM Investment Advisors LLC acquired a new stake in Yum! Brands in the first quarter valued at approximately $25,000. Salomon & Ludwin LLC increased its position in shares of Yum! Brands by 679.2% in the third quarter. Salomon & Ludwin LLC now owns 187 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 163 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Yum! Brands during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

Wall Street Analysts Forecast Growth

YUM has been the subject of several analyst reports. Royal Bank Of Canada started coverage on Yum! Brands in a report on Wednesday, October 8th. They set a “sector perform” rating and a $165.00 price objective for the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $177.00 price target on shares of Yum! Brands in a research note on Wednesday. Gordon Haskett upgraded Yum! Brands to a “hold” rating in a research note on Wednesday. Evercore ISI upgraded shares of Yum! Brands from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $165.00 to $180.00 in a report on Wednesday. Finally, Oppenheimer reiterated an “outperform” rating on shares of Yum! Brands in a research note on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $166.29.

Yum! Brands Company Profile

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.