David W. Gibbs, the Chief Executive Officer of Yum Brands Inc. (NYSE:YUM), a $37.6 billion market cap company trading at $134.53 per share, recently sold shares of the company's common stock. According to InvestingPro data, YUM stock has shown historically low price volatility while maintaining dividend payments for 21 consecutive years. According to a Form 4 filing with the Securities and Exchange Commission, Gibbs sold 3,255 shares at a price of $137.06 per share, amounting to a total transaction value of approximately $446,130. This transaction was conducted under a 10b5-1 plan that Gibbs adopted on December 1, 2023. Following this sale, Gibbs retains ownership of 146,130 shares directly, and he also holds 39,499 shares indirectly through a trust. Based on InvestingPro's Fair Value analysis, the stock appears slightly overvalued at current levels. For comprehensive insider trading patterns and 8+ additional ProTips, access the full Pro Research Report available on InvestingPro.
In other recent news, Yum! Brands (NYSE:YUM) reported a 3% year-over-year profit growth in its third-quarter earnings, driven by strong performance at Taco Bell U.S. and KFC International, despite global pressures. Bernstein, a market analysis firm, noted that the restaurant industry has experienced a decrease in valuations due to concerns about consumer demand but maintained a positive outlook, highlighting Chipotle Mexican Grill (NYSE:CMG) and Wingstop (NASDAQ:WING) for their exceptional value propositions. The firm also anticipates that an improving traffic environment could bolster Starbucks (NASDAQ:SBUX) and Restaurant Brands International (NYSE:QSR)'s Burger King in their turnaround efforts.
Guggenheim maintained a positive outlook on Yum! Brands, raising the stock's price target to $155 from the previous target of $150, citing an analysis of KFC's global performance in 2024. The firm has adjusted its 2025 earnings per share (EPS) estimate for Yum! Brands to $6.05 from the earlier forecast of $6.25, reflecting confidence in the company's long-term growth potential. Analysts also anticipate a potential uplift from an expected recovery in the Middle East and Southeast Asia markets for Yum! Brands.
Yum! Brands declared a quarterly dividend of $0.67 per share of common stock, payable in December 2024. The company also announced key leadership changes, including Erica Burkhart's promotion to Chief Legal Officer and Joe Park's expanded role in overseeing digital and restaurant technology. These recent developments are part of the company's ongoing efforts to sustain growth and capture global market opportunities.
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