Insider Selling: Yum! Brands SVP Sells 2,711 Shares of Stock (YUM)
Yum! Brands (NYSE:YUM) SVP Jonathan David Blum sold 2,711 shares of Yum! Brands stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $71.54, for a total value of $193,944.94. Following the transaction, the senior vice president now directly owns 22,131 shares of the company’s stock, valued at approximately $1,583,252. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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, August 26th. They now have a $76.00 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Yum! Brands in a research note on Thursday, July 31st. They now have a $110.00 price target on the stock, down previously from $112.00. Finally, analysts at RBC Capital reiterated a “top pick” rating on shares of Yum! Brands in a research note on Thursday, July 31st. They now have a $85.00 price target on the stock, down previously from $94.00. Nine 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 company’s stock. Yum! Brands presently has a consensus rating of “Hold” and an average price target of $80.41.
Yum! Brands (NYSE:YUM) traded up 0.69% on Wednesday, hitting $71.91. 271,827 shares of the company’s stock traded hands. Yum! Brands has a 52 week low of $64.08 and a 52 week high of $83.58. The stock has a 50-day moving average of $72.9 and a 200-day moving average of $75.96. The company has a market cap of $31.615 billion and a P/E ratio of 27.08. Yum! Brands also was the target of unusually large options trading on Tuesday. Stock investors purchased 7,706 put options on the company. This is an increase of 175% compared to the typical volume of 2,805 put options.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.56 earnings per share. Yum! Brands’s revenue was up 10.3% compared to the same quarter last year. On average, analysts predict that Yum! Brands will post $3.58 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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