Yum! Brands, Inc. (NYSE:YUM – Get Free Report) CEO Scott Mezvinsky sold 261 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $148.14, for a total value of $38,664.54. Following the transaction, the chief executive officer directly owned 483 shares in the company, valued at $71,551.62. This trade represents a 35.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Scott Mezvinsky also recently made the following trade(s):
- On Friday, May 1st, Scott Mezvinsky sold 277 shares of Yum! Brands stock. The shares were sold at an average price of $160.48, for a total value of $44,452.96.
Yum! Brands Trading Down 0.3%
Yum! Brands stock opened at $148.03 on Friday. The stock has a market cap of $40.80 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 1.89 and a beta of 0.57. The stock has a 50 day moving average of $155.49 and a 200-day moving average of $155.63. Yum! Brands, Inc. has a 52 week low of $137.33 and a 52 week high of $169.39.
Yum! Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, May 27th. Yum! Brands’s dividend payout ratio is 48.39%.
Hedge Funds Weigh In On Yum! Brands
Several large investors have recently added to or reduced their stakes in YUM. Brighton Jones LLC lifted its stake in Yum! Brands by 8.0% during the fourth quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator’s stock worth $1,055,000 after purchasing an additional 583 shares during the last quarter. First Trust Advisors LP lifted its stake in Yum! Brands by 124.5% during the second quarter. First Trust Advisors LP now owns 151,316 shares of the restaurant operator’s stock worth $22,422,000 after purchasing an additional 83,916 shares during the last quarter. CIBC Asset Management Inc increased its position in Yum! Brands by 10.0% in the second quarter. CIBC Asset Management Inc now owns 117,824 shares of the restaurant operator’s stock worth $17,447,000 after buying an additional 10,755 shares during the period. Treasurer of the State of North Carolina increased its position in Yum! Brands by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 130,205 shares of the restaurant operator’s stock worth $19,294,000 after buying an additional 1,256 shares during the period. Finally, HUB Investment Partners LLC increased its position in Yum! Brands by 59.1% in the second quarter. HUB Investment Partners LLC now owns 2,319 shares of the restaurant operator’s stock worth $344,000 after buying an additional 861 shares during the period. 82.37% of the stock is currently owned by institutional investors.
Key Stories Impacting Yum! Brands
Here are the key news stories impacting Yum! Brands this week:
- Positive Sentiment: Reports that Yum! Brands may sell Pizza Hut to LongRange Capital have fueled a “sum-of-the-parts” narrative, potentially improving valuation by letting Yum focus on its stronger brands and use proceeds to strengthen the balance sheet. Pizza Hut Sale: Yum Brands In Talks With LongRange Capital
- Positive Sentiment: Yum’s push to use AI and data science to forecast customer cravings across Taco Bell, KFC, Pizza Hut and Habit Burger & Grill highlights efforts to improve menu innovation and long-term growth. Exclusive: Inside Yum’s effort to predict what customers will crave next
- Neutral Sentiment: Yum! Brands COO Tracy Skeans announced plans to retire after 25 years, but the company says she will stay on as an advisor through year-end, suggesting an orderly transition. Yum Brands COO to retire after 25 years
- Neutral Sentiment: Yum! Brands also drew attention after a strong trading session and continued analyst support following its recent earnings beat, which showed better-than-expected EPS and revenue growth. Yum! Brands Inc. stock outperforms competitors on strong trading day
- Negative Sentiment: CEO Scott Mezvinsky’s recent insider share sale under a pre-arranged trading plan may weigh slightly on sentiment, even though the transaction was routine. Yum! Brands Keeps Growing. Why the Stock Price Will Follow.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on YUM shares. TD Cowen reduced their target price on Yum! Brands from $186.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Guggenheim reiterated a “buy” rating and set a $180.00 target price on shares of Yum! Brands in a research note on Thursday, February 12th. Morgan Stanley upgraded Yum! Brands from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $180.00 to $185.00 in a research note on Wednesday. Evercore restated an “outperform” rating and set a $190.00 price objective on shares of Yum! Brands in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. raised their price objective on Yum! Brands from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Yum! Brands has an average rating of “Moderate Buy” and an average target price of $176.17.
Check Out Our Latest Analysis on Yum! Brands
Yum! Brands Company Profile
Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.
The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.
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