Insider Buying: Yum! Brands Director Acquires 20,000 Shares of Stock (YUM)
Yum! Brands (NYSE:YUM) Director Robert Walter acquired 20,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 10th. The shares were purchased at an average price of $66.09 per share, for a total transaction of $1,321,800.00. Following the completion of the purchase, the director now directly owns 108,301 shares of the company’s stock, valued at approximately $7,157,613. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Susquehanna cut their price target on shares of Yum! Brands from $73.00 to $69.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. cut their price target on shares of Yum! Brands from $73.00 to $69.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, 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. Seventeen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Yum! Brands presently has an average rating of “Hold” and a consensus target price of $72.40.
Shares of Yum! Brands (NYSE:YUM) traded up 1.59% during mid-day trading on Friday, hitting $66.99. 2,648,227 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 $71.26 and its 200-day moving average is $70.. The company has a market cap of $29.893 billion and a price-to-earnings ratio of 21.53. Yum! Brands also was the target of some unusual options trading on Tuesday. Stock traders purchased 15,096 call options on the company. This represents an increase of 519% compared to the average volume of 2,438 call options.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, October 9th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts predict that Yum! Brands will post $2.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 1st. Shareholders 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 2.24%. The ex-dividend date of this dividend is Wednesday, October 9th. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.34.
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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