Yum! Brands (YUM): YUM is one of the world’s largest restaurant companies, and it operates and franchises over 37,000 fast food restaurants including Pizza Hut, Taco Bell, and KFC in over 110 countries. Insiders currently hold 2.4 million or 0.5% of outstanding shares. On Friday, three insiders reported that they exercised options and sold the resulting total of 888,235 shares for $51.6 million. This included Chairman & CEO David Novak (824,574 shares), CEO of KFC Roger Eaton (60,608 shares) and Chief Public Affairs Officer David Blum (3,053 shares). Of these, CEO Novak’s sales were regular sells, and Mr. Eaton and Mr. Blum sold their shares pursuant to 10b5-1 plans. YUM trades at a fair 18 forward P/E and 13.3 P/B compared to averages of 18.2 and 10.4 for the restaurant group.