Insider Selling: Patrick Grismer Unloads 1,753 Shares of Yum! Brands Stock (YUM)
Yum! Brands (NYSE:YUM) CFO Patrick Grismer sold 1,753 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $75.21, for a total transaction of $131,843.13. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Yum! Brands (NYSE:YUM) remained flat at $75.56 during during mid-day trading trading on Monday. The stock had a trading volume of 1,025,806 shares. Yum! Brands has a 52-week low of $59.68 and a 52-week high of $78.68. The stock has a 50-day moving average of $74.56 and a 200-day moving average of $71.7. The company has a market cap of $33.649 billion and a P/E ratio of 31.65.
Yum! Brands (NYSE:YUM) last issued its quarterly 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. On average, analysts predict that Yum! Brands will post $2.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 7th. Investors 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.
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 research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average 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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