Yum Brands chief legal officer Erika Burkhardt sells $94,964 in stock

Published 07/03/2025, 14:54
Yum Brands chief legal officer Erika Burkhardt sells $94,964 in stock

Yum Brands Inc. (NYSE:YUM) Chief Legal Officer Erika Burkhardt recently reported a series of stock transactions in a Form 4 filing with the Securities and Exchange Commission. On March 6, 2025, Burkhardt sold a total of 597 shares of Yum Brands common stock, generating proceeds of approximately $94,964. The shares were sold at an average price of $159.07 each. The transaction comes as Yum Brands trades near its 52-week high of $161.28, with the stock showing strong momentum, having gained over 20% in the past six months.

In addition to the sales, Burkhardt exercised stock appreciation rights, acquiring 1,518 shares of the company’s common stock at a price of $102.87 per share, amounting to a total value of $156,156. The transactions were conducted as part of a pre-arranged trading plan under Rule 10b5-1. According to InvestingPro analysis, Yum Brands is currently trading above its Fair Value, with technical indicators suggesting the stock is in overbought territory.

Following these transactions, Burkhardt’s direct ownership stake in Yum Brands was adjusted to reflect the changes in her holdings. For deeper insights into YUM’s valuation and extensive financial analysis, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.

In other recent news, Yum! Brands has reported significant developments regarding its financial performance and strategic goals. The company anticipates an 8% growth in same-store sales for its Taco Bell unit in the first quarter, exceeding industry expectations. Yum! Brands has set ambitious targets for Taco Bell, aiming to achieve $3 million in annual average unit volumes by 2030 and plans to expand its global presence to over 3,000 locations outside the United States. Analyst firms have responded to these updates with mixed reactions. TD Cowen raised its price target for Yum! Brands to $164, recognizing the company’s solid first-quarter performance and long-term objectives. BofA Securities also increased its target to $153, noting a recovery in the Middle East and strong sales in Latin America, though acknowledging challenges in international unit development. Meanwhile, BMO Capital Markets adjusted its target to $139, citing a positive long-term outlook but cautioning about competitive risks. Stifel maintained a Hold rating, emphasizing the need for more detailed execution plans, particularly for Taco Bell’s domestic operations. These recent developments highlight Yum! Brands’ strategic positioning and potential for growth in a competitive industry landscape.

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