Investors Sell Yum Brands Inc. (YUM) on Strength (YUM)
Investors sold shares of Yum Brands Inc. (NYSE:YUM) on strength during trading on Monday. $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 16th highest net out-flow for the day. Yum Brands traded up $0.50 for the day and closed at $91.26
A number of brokerages have recently weighed in on YUM. Vetr lowered shares of Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 price objective on the stock. in a report on Monday, June 20th. Nomura reissued a “buy” rating and set a $95.00 price objective (up from $92.00) on shares of Yum Brands in a report on Wednesday, June 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Yum Brands from $90.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, July 14th. Credit Agricole SA reissued an “underperform” rating and set a $82.00 price objective on shares of Yum Brands in a report on Wednesday, June 8th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Yum Brands in a report on Friday, June 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $87.73.
The firm’s 50 day moving average is $89.46 and its 200-day moving average is $82.78. The stock has a market capitalization of $35.58 billion and a price-to-earnings ratio of 27.50.
Yum Brands (NYSE:YUM) last announced its quarterly earnings data on Wednesday, July 13th. The restaurant operator reported $0.75 EPS for the quarter, beating the Thomson Reuters’ 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. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.69 EPS. Equities analysts forecast that Yum Brands Inc. will post $3.70 earnings per share for the current year.
In related news, insider Tracy L. Skeans sold 1,793 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Roger G. Eaton sold 26,282 shares of the firm’s stock in a transaction dated Thursday, June 23rd. The shares were 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 of the company’s stock, valued at approximately $9,446,259.90. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Yum Brands stock. American International Group Inc. raised its position in Yum Brands Inc. (NYSE:YUM) by 2.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,075 shares of the restaurant operator’s stock after buying an additional 4,116 shares during the period. American International Group Inc.’s holdings in Yum Brands were worth $13,884,000 at the end of the most recent reporting 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.
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