Yum Brands Inc. (NYSE:YUM) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $90.87 and last traded at $90.72, with a volume of 909,603 shares traded. The stock had previously closed at $89.88.

Several equities research analysts have recently issued reports on the stock. Bank of America Corp. reissued a “hold” rating on shares of Yum Brands in a research report on Sunday, July 17th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Yum Brands in a research report on Sunday, July 17th. Royal Bank Of Canada reissued a “buy” rating on shares of Yum Brands in a research report on Sunday, July 17th. Cowen and Company reissued a “buy” rating on shares of Yum Brands in a research report on Sunday, July 17th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $88.00 price objective on shares of Yum Brands in a research report on Friday, July 15th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $87.73.

The company’s 50-day moving average is $88.13 and its 200-day moving average is $81.35. The company has a market cap of $34.82 billion and a PE ratio of 26.92.

Yum Brands (NYSE:YUM) last announced its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. During the same period last year, the firm posted $0.69 EPS. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.07 billion. The company’s revenue was down 3.1% compared to the same quarter last year. Equities analysts forecast that Yum Brands Inc. will post $3.70 earnings per share for the current year.

In related news, CEO Muktesh Pant sold 91,228 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $89.94, for a total transaction of $8,205,046.32. Following the transaction, the chief executive officer now owns 62,660 shares of the company’s stock, valued at $5,635,640.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Roger G. Eaton sold 26,282 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 110,418 shares in the company, valued at approximately $9,446,259.90. The disclosure for this sale can be found here.

Other institutional investors recently made changes to their positions in the company. BlackRock Advisors LLC raised its position in shares of Yum Brands by 1.0% in the fourth quarter. BlackRock Advisors LLC now owns 247,314 shares of the restaurant operator’s stock worth $18,066,000 after buying an additional 2,419 shares during the period. American International Group Inc. boosted its position in shares of Yum Brands by 2.2% in the fourth quarter. American International Group Inc. now owns 190,075 shares of the restaurant operator’s stock worth $13,884,000 after buying an additional 4,116 shares in the last quarter. KBC Group NV boosted its position in shares of Yum Brands by 3.2% in the fourth quarter. KBC Group NV now owns 185,310 shares of the restaurant operator’s stock worth $13,537,000 after buying an additional 5,775 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Yum Brands by 3.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,170,610 shares of the restaurant operator’s stock worth $85,514,000 after buying an additional 36,280 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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.

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