Insider Selling: Jonathan David Blum Sells 2,888 Shares of Yum! Brands Stock (YUM)
Yum! Brands (NYSE:YUM) SVP Jonathan David Blum sold 2,888 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $77.67, for a total value of $224,310.96. Following the completion of the sale, the senior vice president now directly owns 22,131 shares in the company, valued at approximately $1,718,915. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Yum! Brands (NYSE:YUM) traded down 0.06% during mid-day trading on Wednesday, hitting $78.605. 1,402,348 shares of the company’s stock traded hands. Yum! Brands has a 1-year low of $64.08 and a 1-year high of $79.70. The stock has a 50-day moving average of $76.2 and a 200-day moving average of $74.49. The company has a market cap of $34.695 billion and a P/E ratio of 31.37.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts predict that Yum! Brands will post $3.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Investors of record on Friday, July 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Wednesday, July 9th.
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 Tuesday, May 27th. They now have a $79.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Yum! Brands from $70.00 to $75.00 in a research note on Thursday, April 24th. They now have a “hold” rating on the stock. Twelve investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $78.75.
YUM! Brands, Inc (NYSE:YUM) is a quick service restaurant company based on number of system units, with over 39,000 units in more than 125 countries and territories.
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