Yum! Brands CEO Muktesh Pant Unloads 12,865 Shares (YUM)
Yum! Brands (NYSE:YUM) CEO Muktesh Pant sold 12,865 shares of the stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $80.01, for a total transaction of $1,029,328.65. Following the completion of the transaction, the chief executive officer now directly owns 12,816 shares in the company, valued at approximately $1,025,408. The transaction was disclosed in a filing with the SEC, which is available at this link.
Yum! Brands (NYSE:YUM) traded down 0.53% during mid-day trading on Tuesday, hitting $79.40. The stock had a trading volume of 1,305,419 shares. Yum! Brands has a 52-week low of $64.08 and a 52-week high of $80.20. The stock has a 50-day moving average of $76.63 and a 200-day moving average of $74.66. The company has a market cap of $35.046 billion and a price-to-earnings ratio of 31.84.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Yum! Brands will post $3.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Shareholders 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 1.86%. The ex-dividend date is Wednesday, July 9th.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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