Insider Selling: Scott Bergren Sells 6,590 Shares of Yum! Brands Stock (YUM)
Yum! Brands (NYSE:YUM) CIO Scott Bergren unloaded 6,590 shares of the company’s stock on the open market in a transaction dated Monday, August 12th. The shares were sold at an average price of $75.08, for a total value of $494,777.20. Following the transaction, the executive now directly owns 36,897 shares in the company. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on YUM shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of Yum! Brands in a research note to investors on Tuesday. They now have a $67.00 price target on the stock. Separately, analysts at Buckingham Research downgraded shares of Yum! Brands from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. Finally, analysts at Merrill Lynch upgraded shares of Yum! Brands from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th.
Sixteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Yum! Brands has a consensus rating of “Hold” and an average target price of $74.38.
Shares of Yum! Brands (NYSE:YUM) traded up 0.12% during mid-day trading on Wednesday, hitting $73.06. Yum! Brands has a one year low of $59.68 and a one year high of $75.13. The stock’s 50-day moving average is currently $72.12. The company has a market cap of $32.601 billion and a P/E ratio of 23.82. Yum! Brands also saw some unusual options trading activity on Tuesday. Traders acquired 21,102 put options on the stock, AnalystRatings.Net reports.This is an increase of 558% compared to the typical volume of 3,209 put options.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Wednesday, July 10th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.02. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the company posted $0.67 earnings per share. Yum! Brands’s revenue was down 8.3% compared to the same quarter last year. Analysts expect that Yum! Brands will post $3.07 EPS for the current fiscal year.
Yum! Brands, Inc (NYSE:YUM) is a quick service restaurant company based on number of system units, with approximately 37,000 units in more than 120 countries and territories.
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