Yum! Brands, Inc. (NYSE:YUM) Director Sells $859,222.71 in Stock

Yum! Brands, Inc. (NYSE:YUM) Director Paget Leonard Alves sold 6,309 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $136.19, for a total transaction of $859,222.71. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Yum! Brands Trading Up 1.4 %

Yum! Brands stock opened at $136.19 on Tuesday. Yum! Brands, Inc. has a 1-year low of $115.53 and a 1-year high of $143.20. The firm’s fifty day simple moving average is $138.14 and its 200-day simple moving average is $131.80. The company has a market capitalization of $38.34 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.14 and a beta of 1.07.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. Yum! Brands’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS. On average, equities research analysts predict that Yum! Brands, Inc. will post 5.67 earnings per share for the current year.

Hedge Funds Weigh In On Yum! Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its stake in Yum! Brands by 14.1% in the 4th quarter. Global Retirement Partners LLC now owns 631 shares of the restaurant operator’s stock valued at $82,000 after buying an additional 78 shares during the last quarter. Calamos Wealth Management LLC grew its position in shares of Yum! Brands by 5.0% in the fourth quarter. Calamos Wealth Management LLC now owns 1,692 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 80 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of Yum! Brands by 1.0% in the fourth quarter. Perigon Wealth Management LLC now owns 8,003 shares of the restaurant operator’s stock valued at $1,046,000 after purchasing an additional 81 shares during the last quarter. Choreo LLC increased its stake in shares of Yum! Brands by 1.6% in the first quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock worth $737,000 after purchasing an additional 82 shares during the period. Finally, Claro Advisors LLC lifted its position in shares of Yum! Brands by 0.9% during the 4th quarter. Claro Advisors LLC now owns 8,847 shares of the restaurant operator’s stock worth $1,156,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

Analyst Upgrades and Downgrades

YUM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Yum! Brands from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Friday. Royal Bank of Canada dropped their price target on Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, February 9th. Barclays lifted their target price on Yum! Brands from $144.00 to $148.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Wells Fargo & Company lowered Yum! Brands from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $150.00 to $135.00 in a research report on Thursday, January 11th. Finally, Argus restated a “hold” rating on shares of Yum! Brands in a report on Wednesday, April 10th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $143.53.

About Yum! Brands

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.