Yum! Brands CEO Muktesh Pant Sells 12,865 Shares (YUM)
Yum! Brands (NYSE:YUM) CEO Muktesh Pant sold 12,865 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.49, for a total transaction of $971,178.85. Following the completion of the transaction, the chief executive officer now directly owns 13,143 shares of the company’s stock, valued at approximately $992,165. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Sanford C. Bernstein upgraded shares of Yum! Brands from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, December 16th. They now have a $85.00 price target on the stock, up previously from $75.00. Separately, analysts at RBC Capital raised their price target on shares of Yum! Brands from $80.00 to $85.00 in a research note to investors on Thursday, December 5th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Yum! Brands from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 3rd. They now have a $82.00 price target on the stock. Sixteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $75.10.
Yum! Brands (NYSE:YUM) traded down 0.61% during mid-day trading on Thursday, hitting $75.15. 1,398,207 shares of the company’s stock traded hands. Yum! Brands has a one year low of $59.68 and a one year high of $78.68. The stock has a 50-day moving average of $74.35 and a 200-day moving average of $71.70. The company has a market cap of $33.467 billion and a P/E ratio of 31.68.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, October 9th. The company reported $0.85 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.99 earnings per share. Yum! Brands’s revenue was down 2.9% compared to the same quarter last year. Analysts expect that Yum! Brands will post $2.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a dividend of 0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, January 15th.
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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