Insider Selling: Yum! Brands SVP Sells 2,654 Shares of Stock (YUM)
Yum! Brands (NYSE:YUM) SVP Jonathan David Blum unloaded 2,654 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $69.99, for a total transaction of $185,753.46. Following the completion of the sale, the senior vice president now directly owns 22,131 shares in the company, valued at approximately $1,548,949. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on YUM. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Yum! Brands in a research note on Thursday. They now have a $110.00 price target on the stock, down previously from $112.00. Separately, analysts at RBC Capital reiterated a “top pick” rating on shares of Yum! Brands in a research note on Thursday. They now have a $85.00 price target on the stock, down previously from $94.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Yum! Brands in a research note on Thursday. They now have a $78.00 price target on the stock, down previously from $90.00. Eleven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Yum! Brands has a consensus rating of “Hold” and a consensus price target of $80.71.
Yum! Brands (NYSE:YUM) traded up 0.20% on Monday, hitting $70.60. 1,524,668 shares of the company’s stock traded hands. Yum! Brands has a one year low of $64.08 and a one year high of $83.58. The stock has a 50-day moving average of $78.88 and a 200-day moving average of $75.78. The company has a market cap of $31.039 billion and a price-to-earnings ratio of 26.72.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, July 16th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.01. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts predict that Yum! Brands will post $3.59 earnings per share for the current fiscal year.
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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