Yum! Brands, Inc. (YUM) General Counsel Sells $67,050.00 in Stock

Yum! Brands, Inc. (NYSE:YUM) General Counsel Scott Catlett sold 745 shares of the stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $90.00, for a total transaction of $67,050.00. Following the completion of the sale, the general counsel now directly owns 5,188 shares in the company, valued at $466,920. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NYSE YUM traded down $1.07 during midday trading on Friday, reaching $90.43. 2,995,288 shares of the company’s stock traded hands, compared to its average volume of 2,089,002. Yum! Brands, Inc. has a one year low of $75.88 and a one year high of $93.24. The company has a market cap of $28.58 billion, a PE ratio of 30.55, a P/E/G ratio of 1.93 and a beta of 0.80.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, equities research analysts expect that Yum! Brands, Inc. will post 3.72 earnings per share for the current year.

Yum! Brands declared that its board has initiated a share buyback plan on Friday, August 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the restaurant operator to purchase up to 7.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Monday, November 26th were paid a dividend of $0.36 per share. The ex-dividend date was Friday, November 23rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.59%. Yum! Brands’s dividend payout ratio is presently 48.65%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Yum! Brands by 3.8% during the second quarter. BlackRock Inc. now owns 21,758,890 shares of the restaurant operator’s stock valued at $1,701,978,000 after purchasing an additional 802,066 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in Yum! Brands by 2.5% during the third quarter. Loomis Sayles & Co. L P now owns 7,386,140 shares of the restaurant operator’s stock valued at $671,474,000 after acquiring an additional 178,182 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Yum! Brands by 5.1% during the third quarter. Bank of New York Mellon Corp now owns 5,459,185 shares of the restaurant operator’s stock valued at $496,295,000 after acquiring an additional 264,177 shares during the last quarter. Sustainable Growth Advisers LP lifted its position in Yum! Brands by 7.8% during the third quarter. Sustainable Growth Advisers LP now owns 4,693,776 shares of the restaurant operator’s stock valued at $426,711,000 after acquiring an additional 341,611 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Yum! Brands by 4.8% during the third quarter. Legal & General Group Plc now owns 1,756,233 shares of the restaurant operator’s stock valued at $159,642,000 after acquiring an additional 80,542 shares during the last quarter. Hedge funds and other institutional investors own 70.89% of the company’s stock.

A number of research firms recently weighed in on YUM. Cowen reissued a “buy” rating and issued a $100.00 price objective on shares of Yum! Brands in a research report on Sunday, December 2nd. Zacks Investment Research downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. Robert W. Baird upped their target price on shares of Yum! Brands from $94.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Stifel Nicolaus downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 target price on the stock. in a research note on Tuesday, October 23rd. Finally, Gordon Haskett initiated coverage on shares of Yum! Brands in a research note on Thursday, October 18th. They issued a “hold” rating and a $90.00 target price on the stock. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $91.31.

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Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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