Insider Selling: Yum! Brands SVP Unloads 2,804 Shares of Stock (YUM)
Yum! Brands (NYSE:YUM) SVP Jonathan David Blum sold 2,804 shares of Yum! Brands stock on the open market in a transaction dated Thursday, October 10th. The stock was sold at an average price of $66.49, for a total transaction of $186,437.96. Following the completion of the transaction, the senior vice president now directly owns 22,131 shares in the company, valued at approximately $1,471,490. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Yum! Brands (NYSE:YUM) traded down 1.16% on Thursday, hitting $65.7075. 4,978,103 shares of the company’s stock traded hands. Yum! Brands has a 52-week low of $59.68 and a 52-week high of $75.13. The stock’s 50-day moving average is $71.44 and its 200-day moving average is $70.53. The company has a market cap of $29.320 billion and a price-to-earnings ratio of 21.70. Yum! Brands also was the target of unusually large options trading activity on Tuesday. Stock investors acquired 15,096 call options on the stock. This represents an increase of approximately 519% compared to the typical daily volume of 2,438 call options.
Yum! Brands (NYSE:YUM) last released its earnings data on Wednesday, October 9th. The company reported $0.85 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.93 by $0.08. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. Analysts expect that Yum! Brands will post $3.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 1st. Investors of record on Friday, October 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, October 9th. This is an increase from Yum! Brands’s previous quarterly dividend of $0.34.
A number of analysts have recently weighed in on YUM shares. Analysts at Zacks reiterated a “neutral” rating on shares of Yum! Brands in a research note to investors on Thursday. They now have a $70.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Yum! Brands in a research note to investors on Thursday. They now have a $63.00 price target on the stock, down previously from $67.00. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Yum! Brands from $80.00 to $77.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Seventeen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $72.90.
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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