Yum! Brands CEO Muktesh Pant Sells 12,866 Shares (YUM)
Yum! Brands (NYSE:YUM) CEO Muktesh Pant sold 12,866 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $82.00, for a total transaction of $1,055,012.00. Following the sale, the chief executive officer now directly owns 12,816 shares in the company, valued at approximately $1,050,912. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Yum! Brands (NYSE:YUM) traded up 0.07% during mid-day trading on Friday, hitting $81.78. 479,929 shares of the company’s stock traded hands. Yum! Brands has a one year low of $64.08 and a one year high of $82.13. The stock’s 50-day moving average is $77.89 and its 200-day moving average is $75.02. The company has a market cap of $36.096 billion and a P/E ratio of 32.60.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results 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 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.
YUM has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Yum! Brands in a research note on Tuesday, June 17th. They now have a $85.00 price target on the stock, up previously from $75.00. Separately, 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 Zacks reiterated a “neutral” rating on shares of Yum! Brands in a research note on Thursday, April 24th. They now have a $81.00 price target on the stock. Twelve 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 stock. Yum! Brands presently has an average rating of “Hold” and an average target price of $79.56.
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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