David W. Gibbs Sells 5,139 Shares of Yum! Brands, Inc. (NYSE:YUM) Stock

Yum! Brands, Inc. (NYSE:YUM) CEO David W. Gibbs sold 5,139 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $146.70, for a total transaction of $753,891.30. Following the transaction, the chief executive officer now owns 157,893 shares in the company, valued at approximately $23,162,903.10. This trade represents a 3.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Yum! Brands Stock Down 0.8 %

Shares of Yum! Brands stock opened at $144.85 on Wednesday. The firm has a market cap of $40.43 billion, a PE ratio of 27.75, a P/E/G ratio of 2.31 and a beta of 0.90. Yum! Brands, Inc. has a twelve month low of $122.13 and a twelve month high of $163.30. The business has a 50-day moving average price of $152.37 and a 200 day moving average price of $140.11.

Yum! Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.67. Yum! Brands’s payout ratio is presently 54.41%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on YUM. Wells Fargo & Company boosted their target price on shares of Yum! Brands from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their target price on Yum! Brands from $138.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. TD Cowen restated a “hold” rating and issued a $140.00 target price on shares of Yum! Brands in a research note on Thursday, February 6th. Morgan Stanley boosted their price target 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. Finally, Piper Sandler raised their price objective on Yum! Brands from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Sixteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $152.71.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Yum! Brands during the fourth quarter valued at approximately $25,000. WealthTrak Capital Management LLC acquired a new position in Yum! Brands in the 4th quarter valued at $25,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Yum! Brands during the 4th quarter worth $33,000. Itau Unibanco Holding S.A. grew its holdings in shares of Yum! Brands by 436.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator’s stock worth $37,000 after buying an additional 227 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. raised its position in shares of Yum! Brands by 52.1% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator’s stock valued at $40,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

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.