Yum Brands Inc. (YUM) Hits New 12-Month High at $91.99
Yum Brands Inc. (NYSE:YUM) shares reached a new 52-week high on Monday . The company traded as high as $91.99 and last traded at $91.26, with a volume of 3,502,000 shares trading hands. The stock had previously closed at $90.76.
A number of research analysts recently weighed in on the stock. Barclays PLC reaffirmed an “equal weight” rating and issued a $83.00 target price on shares of Yum Brands in a research report on Friday, July 15th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Yum Brands in a research report on Friday, July 15th. Cowen and Company reaffirmed a “buy” rating on shares of Yum Brands in a research report on Sunday, July 17th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Yum Brands in a research report on Sunday, July 17th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Yum Brands in a research report on Sunday, July 17th. Three 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 stock. The company currently has an average rating of “Hold” and an average target price of $87.73.
The stock’s 50 day moving average is $89.46 and its 200 day moving average is $82.78. The company has a market cap of $35.58 billion and a P/E ratio of 27.50.
Yum Brands (NYSE:YUM) last issued its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.07 billion. Yum Brands’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. On average, equities research analysts anticipate that Yum Brands Inc. will post $3.70 earnings per share for the current fiscal year.
In other Yum Brands news, CEO Roger G. Eaton sold 26,282 shares of the 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 transaction, the chief executive officer now owns 110,418 shares in the company, valued at $9,446,259.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Eric Russell sold 5,213 shares of the stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $90.00, for a total transaction of $469,170.00. Following the transaction, the vice president now owns 14,428 shares of the company’s stock, valued at approximately $1,298,520. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Yum Brands stock. Schwab Charles Investment Management Inc. raised its position in Yum Brands Inc. (NYSE:YUM) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,170,610 shares of the restaurant operator’s stock after buying an additional 36,280 shares during the period. Schwab Charles Investment Management Inc. owned 0.28% of Yum Brands worth $85,514,000 as of its most recent SEC filing.
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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