Yum! Brands SVP Unloads $960,987 in Stock (YUM)
Yum! Brands (NYSE:YUM) SVP Christain Campbell sold 13,157 shares of the company’s stock on the open market in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $73.04, for a total transaction of $960,987.28. Following the transaction, the senior vice president now directly owns 13,288 shares in the company, valued at approximately $970,556. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Yum! Brands (NYSE:YUM) opened at 72.82 on Thursday. Yum! Brands has a 52-week low of $63.16 and a 52-week high of $78.68. The stock has a 50-day moving average of $71.98 and a 200-day moving average of $71.84. The company has a market cap of $32.259 billion and a P/E ratio of 31.03.
Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, February 4th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.80 by $0.06. The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that Yum! Brands will post $3.62 earnings per share for the current fiscal year.
YUM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Yum! Brands in a research note on Wednesday, February 5th. They now have a $76.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Yum! Brands to $81.00 in a research note on Wednesday, February 5th. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley downgraded shares of Yum! Brands from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 9th. They now have a $54.00 price target on the stock, down previously from $77.00. Fifteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $74.28.
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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