Investors Sell Shares of Yum Brands Inc. (YUM) on Strength (YUM)
Traders sold shares of Yum Brands Inc. (NYSE:YUM) on strength during trading on Thursday. $31.57 million flowed into the stock on the tick-up and $48.64 million flowed out of the stock on the tick-down, for a money net flow of $17.07 million out of the stock. Of all stocks tracked, Yum Brands had the 0th highest net out-flow for the day. Yum Brands traded up $0.54 for the day and closed at $90.26
YUM has been the subject of several analyst reports. Vetr lowered Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 price objective for the company. in a research note on Monday, June 20th. Nomura reaffirmed a “buy” rating and issued a $95.00 price objective (up from $92.00) on shares of Yum Brands in a research note on Wednesday, June 22nd. JPMorgan Chase & Co. raised their price objective on Yum Brands from $90.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, July 14th. Wells Fargo & Co. reaffirmed a “market perform” rating on shares of Yum Brands in a research note on Monday, April 18th. Finally, Credit Agricole SA reaffirmed an “underperform” rating and issued a $82.00 price objective on shares of Yum Brands in a research note on Wednesday, June 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company’s stock. Yum Brands has an average rating of “Hold” and a consensus price target of $87.73.
The company has a market capitalization of $35.19 billion and a price-to-earnings ratio of 27.20. The stock’s 50-day moving average is $85.22 and its 200 day moving average is $79.14.
Yum Brands (NYSE:YUM) last announced its quarterly earnings data on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The company earned $3.01 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. Equities analysts expect that Yum Brands Inc. will post $3.70 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 5th. Stockholders of record on Friday, July 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Wednesday, July 13th.
In other news, insider Tracy L. Skeans sold 1,793 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $90.02, for a total value of $161,405.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David Eric Russell sold 5,213 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $90.00, for a total value of $469,170.00. Following the completion of the sale, the vice president now owns 14,428 shares in the company, valued at $1,298,520. The disclosure for this sale can be found here.
A number of hedge funds have bought and sold shares of the stock. J. Goldman & Co LP acquired a new stake in Yum Brands during the fourth quarter worth $7,758,000. I.G. Investment Management LTD. boosted its stake in Yum Brands by 54.9% in the fourth quarter. I.G. Investment Management LTD. now owns 274,559 shares of the restaurant operator’s stock worth $20,057,000 after buying an additional 97,269 shares in the last quarter. Trilogy Global Advisors LP boosted its stake in Yum Brands by 7.2% in the fourth quarter. Trilogy Global Advisors LP now owns 1,373,937 shares of the restaurant operator’s stock worth $100,365,000 after buying an additional 92,047 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Yum Brands by 72.0% in the fourth quarter. OppenheimerFunds Inc. now owns 167,105 shares of the restaurant operator’s stock worth $12,215,000 after buying an additional 69,975 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Yum Brands by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 801,438 shares of the restaurant operator’s stock worth $58,549,000 after buying an additional 42,163 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.