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YUM! BRANDS, INC.-2013 Form10-K 13
Form 10-K
PART II
ITEM 5Market for the Registrant’s Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities
Issuer Purchases of Equity Securities
The following table provides information as of December 28, 2013 with respect to shares of Common Stock repurchased by the Company during the quarter
then ended:
Fiscal Periods
Total number
of shares
purchased
(thousands)
Average price
paid per share
Total number of shares purchased as
part of publicly announced plans or
programs (thousands)
Approximate dollar value of shares
that may yet be purchased under
the plans or programs (millions)
Period 10 — $ — — $ 463
9/8/13 – 10/5/13
Period 11 2,967 $ 66.59 2,967 $ 266
10/6/13 – 11/2/13
Period 12 387 $ 73.36 387 $ 987
11/3/13 – 11/30/13
Period 13 467 $ 73.47 467 $ 953
12/1/13 – 12/28/13
TOTAL 3,821 $ 68.11 3,821 $ 953
On November 16, 2012, our Board of Directors authorized share repurchases
through May 2014 of up to $1 billion (excluding applicable transaction
fees) of our outstanding Common Stock. On November 22, 2013, our
Board of Directors authorized additional share repurchases through May
2015 of up to $750 million (excluding applicable transaction fees) of
our outstanding Common Stock. As of December 28, 2013, we have
remaining capacity to repurchase up to $953 million of Common Stock
under these authorizations.
Stock Performance Graph
This graph compares the cumulative total return of our Common Stock to the cumulative total return of the S&P 500 Stock Index and the S&P 500
Consumer Discretionary Sector, a peer group that includes YUM, for the period from December 26, 2008 to December 27, 2013, the last trading day
of our 2013 fiscal year. The graph assumes that the value of the investment in our Common Stock and each index was $100 at December 26, 2008
and that all dividends were reinvested.
S&P Consumer Discretionary
YUM! S&P 500
2008 201120102009 2012
2013
In $
50
150
200
100
250
300
350
400
12/26/2008 12/24/2009 12/23/2010 12/30/2011 12/28/2012 12/27/2013
YUM! $ 100 $ 120 $ 172 $ 208 $ 232 $ 271
S&P 500 $ 100 $ 132 $ 151 $ 154 $ 176 $ 235
S&P Consumer
Discretionary $ 100 $ 148 $ 188 $ 198 $ 241 $ 349