Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs Sells 5,293 Shares of Stock

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 5,293 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.24, for a total value of $816,392.32. Following the completion of the sale, the chief executive officer now owns 157,893 shares of the company’s stock, valued at approximately $24,353,416.32. This represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Yum! Brands Stock Down 0.0 %

Yum! Brands stock opened at $157.13 on Wednesday. The firm has a market cap of $43.85 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.31 and a beta of 1.03. The business has a fifty day moving average of $142.12 and a two-hundred day moving average of $137.39. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30.

Yum! Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.71 per share. The ex-dividend date was Friday, February 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.81%. This is an increase from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s dividend payout ratio (DPR) is presently 54.41%.

Hedge Funds Weigh In On Yum! Brands

A number of large investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Yum! Brands in the 4th quarter worth approximately $25,000. WealthTrak Capital Management LLC purchased a new position in Yum! Brands in the fourth quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Yum! Brands during the third quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Yum! Brands during the 4th quarter valued at $33,000. Finally, Itau Unibanco Holding S.A. boosted its position in shares of Yum! Brands by 436.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 227 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Yum! Brands from $140.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Robert W. Baird raised their price objective on shares of Yum! Brands from $160.00 to $176.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Morgan Stanley upped their target price on Yum! Brands from $146.00 to $150.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. Citigroup reissued a “neutral” rating and set a $141.00 price target (down from $153.00) on shares of Yum! Brands in a research note on Friday, January 10th. Finally, Argus raised Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Tuesday, December 31st. Fifteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $150.95.

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.