Paget Leonard Alves Sells 6,309 Shares of Yum! Brands, Inc. (NYSE:YUM) Stock

Yum! Brands, Inc. (NYSE:YUM) Director Paget Leonard Alves sold 6,309 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $136.19, for a total value of $859,222.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Yum! Brands Trading Up 0.8 %

Shares of NYSE YUM opened at $136.96 on Thursday. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20. The stock’s fifty day simple moving average is $138.11 and its two-hundred day simple moving average is $131.92. The stock has a market capitalization of $38.55 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.18 and a beta of 1.07.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.71 billion. Yum! Brands had a net margin of 22.92% and a negative return on equity of 18.64%. Yum! Brands’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 EPS. On average, equities analysts predict that Yum! Brands, Inc. will post 5.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of YUM. Vanguard Group Inc. increased its position in shares of Yum! Brands by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 23,405,452 shares of the restaurant operator’s stock worth $3,058,156,000 after purchasing an additional 373,232 shares in the last quarter. Capital World Investors grew its stake in shares of Yum! Brands by 4.9% during the fourth quarter. Capital World Investors now owns 14,650,728 shares of the restaurant operator’s stock worth $1,914,257,000 after acquiring an additional 678,659 shares during the last quarter. Sustainable Growth Advisers LP increased its holdings in shares of Yum! Brands by 2.1% during the first quarter. Sustainable Growth Advisers LP now owns 5,939,663 shares of the restaurant operator’s stock valued at $823,534,000 after acquiring an additional 121,285 shares in the last quarter. Northern Trust Corp raised its position in shares of Yum! Brands by 3.9% in the 3rd quarter. Northern Trust Corp now owns 3,278,341 shares of the restaurant operator’s stock valued at $409,596,000 after purchasing an additional 124,080 shares during the last quarter. Finally, Norges Bank purchased a new stake in Yum! Brands during the 4th quarter worth approximately $331,831,000. Institutional investors own 82.37% of the company’s stock.

Analysts Set New Price Targets

YUM has been the subject of several analyst reports. Royal Bank of Canada lowered their target price on shares of Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, February 9th. BMO Capital Markets upped their target price on Yum! Brands from $133.00 to $135.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Argus reissued a “hold” rating on shares of Yum! Brands in a research note on Wednesday, April 10th. Barclays upped their price objective on Yum! Brands from $144.00 to $148.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, Guggenheim lifted their target price on Yum! Brands from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Yum! Brands presently has a consensus rating of “Hold” and an average 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.