Traders Sell Shares of Yum Brands Inc. (YUM) on Strength (YUM)
Investors sold shares of Yum Brands Inc. (NYSE:YUM) on strength during trading on Tuesday. $19.21 million flowed into the stock on the tick-up and $45.52 million flowed out of the stock on the tick-down, for a money net flow of $26.31 million out of the stock. Of all equities tracked, Yum Brands had the 0th highest net out-flow for the day. Yum Brands traded up $0.42 for the day and closed at $88.81
Several equities analysts have issued reports on YUM shares. BTIG Research reaffirmed a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $83.00 price target on shares of Yum Brands in a report on Monday, July 11th. Cowen and Company reaffirmed a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Credit Agricole SA reaffirmed an “underperform” rating and issued a $82.00 price target on shares of Yum Brands in a report on Thursday, July 14th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. Yum Brands currently has a consensus rating of “Hold” and a consensus price target of $88.94.
The firm has a market capitalization of $34.63 billion, a P/E ratio of 26.77 and a beta of 0.81. The stock’s 50 day moving average is $89.33 and its 200 day moving average is $84.26.
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Yum Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Yum Brands had a net margin of 10.97% and a return on equity of 213.02%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the firm posted $0.69 EPS. Yum Brands’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities analysts expect that Yum Brands Inc. will post $3.69 earnings per share for the current year.
In other news, CEO Roger G. Eaton sold 44,952 shares of Yum Brands stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $88.53, for a total value of $3,979,600.56. Following the sale, the chief executive officer now owns 244,274 shares of the company’s stock, valued at $21,625,577.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Roger G. Eaton sold 26,282 shares of Yum Brands stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $85.55, for a total transaction of $2,248,425.10. Following the completion of the sale, the chief executive officer now directly owns 110,418 shares in the company, valued at approximately $9,446,259.90. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.
Several hedge funds have recently modified their holdings of YUM. Panagora Asset Management Inc. increased its stake in shares of Yum Brands by 1,512.2% in the first quarter. Panagora Asset Management Inc. now owns 425,308 shares of the restaurant operator’s stock valued at $34,811,000 after buying an additional 398,927 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Yum Brands during the first quarter valued at $41,760,000. CWM LLC increased its stake in shares of Yum Brands by 25.1% in the second quarter. CWM LLC now owns 217,409 shares of the restaurant operator’s stock valued at $18,028,000 after buying an additional 43,650 shares during the last quarter. Peconic Partners LLC purchased a new stake in shares of Yum Brands during the first quarter valued at $6,548,000. Finally, Chesley Taft & Associates LLC purchased a new stake in shares of Yum Brands during the second quarter valued at $418,000. 76.15% of the stock is currently owned by institutional investors and hedge funds.
About Yum Brands
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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