Yum! Brands (YUM) Shares Gap Down to $91.79

Shares of Yum! Brands, Inc. (NYSE:YUM) gapped down before the market opened on Friday . The stock had previously closed at $94.34, but opened at $91.79. Yum! Brands shares last traded at $90.94, with a volume of 2346578 shares changing hands.

Several research firms recently commented on YUM. Cowen restated a “buy” rating and set a $100.00 price target on shares of Yum! Brands in a research report on Sunday, December 2nd. Zacks Investment Research lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Saturday, December 1st. Goldman Sachs Group lowered shares of Yum! Brands from a “neutral” rating to a “sell” rating and dropped their price target for the company from $83.00 to $76.00 in a research report on Friday. BTIG Research raised their price target on shares of Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Finally, Gordon Haskett began coverage on shares of Yum! Brands in a research report on Thursday, October 18th. They set a “hold” rating and a $90.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. Yum! Brands currently has an average rating of “Hold” and an average price target of $90.41.

The firm has a market cap of $28.46 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.88 and a beta of 0.70.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.21. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. On average, sell-side analysts expect that Yum! Brands, Inc. will post 3.72 EPS for the current fiscal year.

In other news, CFO David W. Gibbs sold 6,446 shares of the firm’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $91.22, for a total value of $588,004.12. Following the transaction, the chief financial officer now directly owns 47,609 shares of the company’s stock, valued at $4,342,892.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Scott Catlett sold 745 shares of the firm’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $90.00, for a total transaction of $67,050.00. Following the completion of the transaction, the general counsel now directly owns 5,188 shares in the company, valued at $466,920. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,771 shares of company stock worth $5,836,523. Insiders own 0.63% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Cullinan Associates Inc. lifted its stake in shares of Yum! Brands by 1.7% in the fourth quarter. Cullinan Associates Inc. now owns 97,790 shares of the restaurant operator’s stock worth $8,989,000 after buying an additional 1,610 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Yum! Brands in the fourth quarter worth about $256,000. CENTRAL TRUST Co lifted its stake in shares of Yum! Brands by 0.9% in the fourth quarter. CENTRAL TRUST Co now owns 26,707 shares of the restaurant operator’s stock worth $2,455,000 after buying an additional 235 shares in the last quarter. Moody National Bank Trust Division lifted its stake in shares of Yum! Brands by 1.6% in the fourth quarter. Moody National Bank Trust Division now owns 16,260 shares of the restaurant operator’s stock worth $1,494,000 after buying an additional 260 shares in the last quarter. Finally, Park National Corp OH lifted its stake in shares of Yum! Brands by 3.3% in the fourth quarter. Park National Corp OH now owns 4,677 shares of the restaurant operator’s stock worth $430,000 after buying an additional 151 shares in the last quarter. 70.78% of the stock is currently owned by hedge funds and other institutional investors.

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Yum! Brands Company Profile (NYSE:YUM)

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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