Traders Sell Shares of Yum Brands Inc. (YUM) on Strength (YUM)
Traders sold shares of Yum Brands Inc. (NYSE:YUM) on strength during trading hours on Friday. $38.78 million flowed into the stock on the tick-up and $75.11 million flowed out of the stock on the tick-down, for a money net flow of $36.33 million out of the stock. Of all equities tracked, Yum Brands had the 0th highest net out-flow for the day. Yum Brands traded up $0.50 for the day and closed at $91.26
A number of equities research analysts recently issued reports on YUM shares. Vetr lowered Yum Brands from a “strong-buy” rating to a “buy” rating and set a $91.26 target price on the stock. in a research report on Monday, May 9th. Nomura reissued a “buy” rating and issued a $95.00 target price (up previously from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Credit Suisse Group AG reissued a “neutral” rating and issued a $84.00 target price on shares of Yum Brands in a research report on Thursday, July 14th. Sanford C. Bernstein reissued an “outperform” rating and issued a $97.00 target price on shares of Yum Brands in a research report on Thursday, July 14th. Finally, BTIG Research reissued a “neutral” rating on shares of Yum Brands in a research report on Thursday, July 14th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $87.73.
The firm has a market capitalization of $35.58 billion and a P/E ratio of 27.50. The company has a 50-day moving average price of $89.46 and a 200-day moving average price of $82.78.
Yum Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.07 billion. The business’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. Equities analysts expect that Yum Brands Inc. will post $3.70 earnings per share for the current fiscal year.
In other Yum Brands news, VP David Eric Russell sold 5,213 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $90.00, for a total transaction of $469,170.00. Following the completion of the transaction, the vice president now directly owns 14,428 shares of the company’s stock, valued at $1,298,520. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tracy L. Skeans sold 1,793 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $90.02, for a total value of $161,405.86. The disclosure for this sale can be found here.
A number of institutional investors have recently made changes to their positions in YUM. 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 valued at $18,066,000 after buying an additional 2,419 shares during the period. Schwab Charles Investment Management Inc. raised 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 valued at $85,514,000 after buying an additional 36,280 shares during the period. Finally, American International Group Inc. raised 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 valued at $13,884,000 after buying an additional 4,116 shares during the period.
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.