Insider Selling: Jonathan David Blum Unloads 3,838 Shares of Yum! Brands Stock (YUM)
Yum! Brands (NYSE:YUM) SVP Jonathan David Blum sold 3,838 shares of the stock on the open market in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $75.28, for a total value of $288,924.64. Following the completion of the sale, the senior vice president now directly owns 22,131 shares in the company, valued at approximately $1,666,022. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Yum! Brands (NYSE:YUM) traded up 0.57% during mid-day trading on Friday, hitting $75.52. The stock had a trading volume of 613,777 shares. Yum! Brands has a 1-year low of $59.68 and a 1-year high of $78.68. The stock has a 50-day moving average of $74.49 and a 200-day moving average of $71.73. The company has a market cap of $33.631 billion and a price-to-earnings ratio of 31.46.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data 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 $2.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 7th. Shareholders of record on Friday, January 17th will be given a dividend of 0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, January 15th.
A number of analysts have recently weighed in on YUM shares. 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 equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $75.10.
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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