Yum! Brands, Inc. (NYSE:YUM) CEO Roger G. Eaton sold 44,823 shares of Yum! Brands stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $90.54, for a total value of $4,058,274.42. Following the transaction, the chief executive officer now owns 160,726 shares in the company, valued at approximately $14,552,132.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
NYSE YUM traded up $0.26 during trading on Friday, hitting $90.72. The stock had a trading volume of 1,821,934 shares, compared to its average volume of 2,374,465. The stock has a market capitalization of $28.37 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.90 and a beta of 0.85. Yum! Brands, Inc. has a 12 month low of $75.88 and a 12 month high of $92.21.
Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.21. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Yum! Brands had a negative return on equity of 17.89% and a net margin of 28.81%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 EPS. Sell-side analysts forecast that Yum! Brands, Inc. will post 3.7 earnings per share for the current fiscal year.
Yum! Brands announced that its board has approved a stock buyback plan on Friday, August 10th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the restaurant operator to buy up to 7.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
YUM has been the topic of several recent analyst reports. BMO Capital Markets reiterated a “hold” rating and set a $88.00 price objective on shares of Yum! Brands in a report on Friday, August 3rd. ValuEngine upgraded Yum! Brands from a “hold” rating to a “buy” rating in a report on Friday, September 7th. UBS Group set a $99.00 price objective on Yum! Brands and gave the company a “buy” rating in a report on Monday, September 10th. KeyCorp initiated coverage on Yum! Brands in a report on Wednesday, October 3rd. They set a “sector weight” rating on the stock. Finally, BTIG Research lifted their price objective on Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Thirteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Yum! Brands currently has a consensus rating of “Hold” and an average target price of $91.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YUM. Victory Capital Management Inc. lifted its stake in Yum! Brands by 3,028.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,748,932 shares of the restaurant operator’s stock valued at $158,996,000 after acquiring an additional 1,693,021 shares in the last quarter. Millennium Management LLC lifted its stake in Yum! Brands by 447.8% in the 2nd quarter. Millennium Management LLC now owns 1,404,786 shares of the restaurant operator’s stock valued at $109,882,000 after acquiring an additional 1,148,364 shares in the last quarter. Alps Advisors Inc. lifted its stake in Yum! Brands by 35,520.9% in the 2nd quarter. Alps Advisors Inc. now owns 920,088 shares of the restaurant operator’s stock valued at $75,097,000 after acquiring an additional 917,505 shares in the last quarter. BlackRock Inc. lifted its stake in Yum! Brands by 3.8% in the 2nd quarter. BlackRock Inc. now owns 21,758,890 shares of the restaurant operator’s stock valued at $1,701,978,000 after acquiring an additional 802,066 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Yum! Brands in the 2nd quarter valued at approximately $41,120,000. Hedge funds and other institutional investors own 71.08% of the company’s stock.
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About Yum! Brands
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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