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

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

Yum! Brands Trading Up 1.4 %

Shares of NYSE:YUM opened at $136.19 on Tuesday. Yum! Brands, Inc. has a 12-month low of $115.53 and a 12-month high of $143.20. The company has a market cap of $38.34 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.14 and a beta of 1.07. The stock has a 50 day moving average of $138.14 and a 200 day moving average of $131.80.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays boosted their price target on Yum! Brands from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Royal Bank of Canada dropped their price target on shares of Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating on the stock in a report on Friday, February 9th. JPMorgan Chase & Co. decreased their price objective on shares of Yum! Brands from $134.00 to $132.00 and set a “neutral” rating for the company in a report on Friday. Argus reaffirmed a “hold” rating on shares of Yum! Brands in a research report on Wednesday, April 10th. Finally, BMO Capital Markets boosted their target price on shares of Yum! Brands from $133.00 to $135.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Yum! Brands presently has an average rating of “Hold” and a consensus price target of $143.53.

Institutional Investors Weigh In On Yum! Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Yum! Brands by 1.6% in the 4th 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 during the period. Capital World Investors increased its holdings in Yum! Brands by 4.9% in the 4th quarter. Capital World Investors now owns 14,650,728 shares of the restaurant operator’s stock valued at $1,914,257,000 after acquiring an additional 678,659 shares during the last quarter. Sustainable Growth Advisers LP lifted its stake in Yum! Brands by 3.8% in the 3rd quarter. Sustainable Growth Advisers LP now owns 5,766,650 shares of the restaurant operator’s stock worth $720,485,000 after purchasing an additional 210,238 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Yum! Brands by 3.9% during 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 position in shares of Yum! Brands during the fourth quarter valued at about $331,831,000. 82.37% of the stock is owned by institutional investors.

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.