Investors Buy Yum Brands Inc. (YUM) on Weakness
Investors bought shares of Yum Brands Inc. (NYSE:YUM) on weakness during trading on Tuesday. $85.89 million flowed into the stock on the tick-up and $60.11 million flowed out of the stock on the tick-down, for a money net flow of $25.78 million into the stock. Of all equities tracked, Yum Brands had the 11th highest net in-flow for the day. Yum Brands traded down ($0.21) for the day and closed at $86.23
A number of brokerages have recently issued reports on YUM. Morgan Stanley reissued an “equal weight” rating and issued a $82.00 target price on shares of Yum Brands in a research report on Monday, March 28th. Cowen and Company boosted their target price on shares of Yum Brands from $86.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, April 22nd. Jefferies Group reissued a “hold” rating and issued a $80.00 target price (up previously from $75.00) on shares of Yum Brands in a research report on Monday, April 25th. Wells Fargo & Co. reissued a “market perform” rating on shares of Yum Brands in a research report on Monday, April 18th. Finally, Credit Agricole SA cut shares of Yum Brands from an “outperform” rating to an “underperform” rating in a research report on Tuesday, April 12th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. Yum Brands currently has a consensus rating of “Hold” and an average target price of $86.11.
The firm has a market cap of $34.95 billion and a PE ratio of 28.30. The stock has a 50-day moving average price of $83.26 and a 200-day moving average price of $77.84.
Yum Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, April 20th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.12. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.66 billion. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. On average, equities analysts anticipate that Yum Brands Inc. will post $3.67 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 5th. Stockholders of record on Friday, July 15th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, July 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.13%.
In other news, CEO Roger G. Eaton sold 26,282 shares of Yum Brands stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $85.55, for a total transaction of $2,248,425.10. Following the completion of the sale, the chief executive officer now owns 110,418 shares in the company, valued at approximately $9,446,259.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP boosted its position in shares of Yum Brands by 177.7% in the fourth quarter. GSA Capital Partners LLP now owns 16,615 shares of the restaurant operator’s stock worth $1,214,000 after buying an additional 10,631 shares in the last quarter. Profund Advisors LLC boosted its position in shares of Yum Brands by 12.0% in the fourth quarter. Profund Advisors LLC now owns 17,162 shares of the restaurant operator’s stock worth $1,254,000 after buying an additional 1,833 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Yum Brands during the fourth quarter worth $1,432,000. Whitebox Advisors LLC purchased a new position in shares of Yum Brands during the fourth quarter worth $1,702,000. Finally, Ray Gerald L & Associates Ltd. boosted its position in shares of Yum Brands by 13.5% in the fourth quarter. Ray Gerald L & Associates Ltd. now owns 23,818 shares of the restaurant operator’s stock worth $1,740,000 after buying an additional 2,832 shares in the last quarter.
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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