Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs Sells 3,920 Shares of Stock

Yum! Brands, Inc. (NYSE:YUM – Get Rating) CEO David W. Gibbs sold 3,920 shares of Yum! Brands stock in a transaction on Monday, May 15th. The shares were sold at an average price of $138.90, for a total transaction of $544,488.00. Following the completion of the sale, the chief executive officer now directly owns 57,325 shares in the company, valued at approximately $7,962,442.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Yum! Brands Trading Up 0.7 %

Shares of YUM opened at $138.78 on Wednesday. The firm has a market cap of $38.87 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Yum! Brands, Inc. has a 12-month low of $103.96 and a 12-month high of $143.24. The company’s 50-day moving average price is $133.33 and its 200 day moving average price is $129.71.

Yum! Brands (NYSE:YUM – Get Rating) last issued its quarterly earnings results on Wednesday, May 3rd. The restaurant operator reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.08). The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Yum! Brands had a negative return on equity of 14.97% and a net margin of 17.67%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. Equities research analysts forecast that Yum! Brands, Inc. will post 5.06 earnings per share for the current year.

Institutional Trading of Yum! Brands

A number of institutional investors and hedge funds have recently bought and sold shares of YUM. RB Capital Management LLC increased its stake in Yum! Brands by 9.7% during the first quarter. RB Capital Management LLC now owns 4,890 shares of the restaurant operator’s stock worth $580,000 after purchasing an additional 431 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Yum! Brands by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 761,575 shares of the restaurant operator’s stock worth $90,284,000 after buying an additional 3,024 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Yum! Brands during the first quarter worth about $664,000. Moors & Cabot Inc. grew its position in shares of Yum! Brands by 7.4% during the first quarter. Moors & Cabot Inc. now owns 7,530 shares of the restaurant operator’s stock worth $893,000 after buying an additional 517 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Yum! Brands by 10.8% during the first quarter. Brown Brothers Harriman & Co. now owns 2,862 shares of the restaurant operator’s stock worth $339,000 after buying an additional 279 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on YUM shares. Guggenheim lowered their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 8th. Wells Fargo & Company started coverage on shares of Yum! Brands in a research note on Monday, January 23rd. They set an “overweight” rating and a $145.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Yum! Brands from $137.00 to $143.00 and gave the stock a “buy” rating in a research note on Monday, February 13th. Credit Suisse Group lifted their target price on shares of Yum! Brands from $135.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, February 9th. Finally, Morgan Stanley lifted their target price on shares of Yum! Brands from $155.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.11.

About Yum! Brands

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Yum! Brands, Inc operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses of a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment consists of all operations of the KFC concept.