David W. Gibbs Sells 5,139 Shares of Yum! Brands, Inc. (NYSE:YUM) Stock

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 5,139 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $146.70, for a total transaction of $753,891.30. Following the completion of the transaction, the chief executive officer now directly owns 157,893 shares in the company, valued at approximately $23,162,903.10. The trade was a 3.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Yum! Brands Trading Down 0.6 %

Yum! Brands stock traded down $0.88 on Tuesday, hitting $145.12. 1,223,441 shares of the stock traded hands, compared to its average volume of 2,019,911. The business’s fifty day simple moving average is $152.36 and its 200 day simple moving average is $140.08. The firm has a market cap of $40.50 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. Yum! Brands, Inc. has a 1 year low of $122.13 and a 1 year high of $163.30.

Yum! Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.71 per share. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.96%. Yum! Brands’s dividend payout ratio (DPR) is currently 54.41%.

Wall Street Analyst Weigh In

Several research firms have weighed in on YUM. Robert W. Baird lowered their price target on Yum! Brands from $176.00 to $174.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Guggenheim increased their price target on shares of Yum! Brands from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 8th. Sanford C. Bernstein downgraded shares of Yum! Brands from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $140.00 to $135.00 in a report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price target on Yum! Brands from $138.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Finally, TD Cowen reiterated a “hold” rating and issued a $140.00 price objective on shares of Yum! Brands in a report on Thursday, February 6th. Sixteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $152.71.

Institutional Trading of Yum! Brands

Hedge funds have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Yum! Brands in the fourth quarter worth $25,000. WealthTrak Capital Management LLC bought a new stake in Yum! Brands during the fourth quarter valued at about $25,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Yum! Brands in the fourth quarter worth about $33,000. Itau Unibanco Holding S.A. lifted its position in shares of Yum! Brands by 436.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 227 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. grew its stake in shares of Yum! Brands by 52.1% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator’s stock valued at $40,000 after acquiring an additional 101 shares during the period. 82.37% of the stock is owned by institutional investors.

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.