Yum! Brands, Inc. (NYSE:YUM) CEO Scott Mezvinsky Sells 272 Shares

by · The Cerbat Gem

Yum! Brands, Inc. (NYSE:YUM – Get Free Report) CEO Scott Mezvinsky sold 272 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total transaction of $40,332.16. Following the transaction, the chief executive officer owned 1,755 shares in the company, valued at $260,231.40. This represents a 13.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, June 4th, Scott Mezvinsky sold 268 shares of Yum! Brands stock. The shares were sold at an average price of $145.97, for a total value of $39,119.96.

Yum! Brands Price Performance

Yum! Brands stock traded up $2.14 during trading hours on Tuesday, hitting $150.32. The company had a trading volume of 847,149 shares, compared to its average volume of 2,001,212. The firm’s fifty day moving average is $145.40 and its 200-day moving average is $143.71. The firm has a market capitalization of $41.78 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 2.23 and a beta of 0.74. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30.

Yum! Brands (NYSE:YUM – Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.01. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.85 billion. Yum! Brands had a negative return on equity of 20.80% and a net margin of 18.42%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 earnings per share. Analysts anticipate that Yum! Brands, Inc. will post 5.94 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.71 per share. The ex-dividend date was Tuesday, May 27th. This represents a $2.84 dividend on an annualized basis and a yield of 1.89%. Yum! Brands’s payout ratio is currently 56.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on YUM shares. Guggenheim boosted their price target on shares of Yum! Brands from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 8th. Evercore ISI boosted their target price on shares of Yum! Brands from $160.00 to $170.00 and gave the stock an “in-line” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upgraded shares of Yum! Brands from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $170.00 to $162.00 in a report on Wednesday, June 25th. Piper Sandler lifted their price target on shares of Yum! Brands from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company raised their price objective on Yum! Brands from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Yum! Brands presently has a consensus rating of “Hold” and a consensus target price of $157.86.

Get Our Latest Analysis on Yum! Brands

Hedge Funds Weigh In On Yum! Brands

A number of institutional investors have recently made changes to their positions in the business. HBK Sorce Advisory LLC lifted its holdings in shares of Yum! Brands by 2.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,664 shares of the restaurant operator’s stock worth $357,000 after buying an additional 69 shares during the last quarter. OLD Point Trust & Financial Services N A increased its position in Yum! Brands by 0.5% during the fourth quarter. OLD Point Trust & Financial Services N A now owns 15,357 shares of the restaurant operator’s stock worth $2,060,000 after acquiring an additional 70 shares during the period. Integrated Wealth Concepts LLC raised its stake in Yum! Brands by 1.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 6,605 shares of the restaurant operator’s stock valued at $886,000 after purchasing an additional 71 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in Yum! Brands by 78.0% in the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Yum! Brands by 7.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,048 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 71 shares during the period. 82.37% of the stock is currently owned by institutional investors.

About Yum! Brands

(Get Free Report)

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.

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