Yum! Brands, Inc. (NYSE:YUM) VP David Eric Russell sold 7,340 shares of Yum! Brands stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $90.00, for a total value of $660,600.00. Following the transaction, the vice president now directly owns 25,960 shares in the company, valued at approximately $2,336,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE:YUM traded up $0.41 during trading on Thursday, reaching $90.29. The company had a trading volume of 6,364 shares, compared to its average volume of 1,609,515. The firm has a market cap of $28.52 billion, a P/E ratio of 30.47, a PEG ratio of 2.01 and a beta of 0.86. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of -1.33. Yum! Brands, Inc. has a fifty-two week low of $72.61 and a fifty-two week high of $90.82.
Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, August 2nd. The restaurant operator reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.08. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Yum! Brands had a negative return on equity of 17.36% and a net margin of 27.95%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. research analysts forecast that Yum! Brands, Inc. will post 3.5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Monday, August 20th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Friday, August 17th. Yum! Brands’s payout ratio is currently 48.65%.
Several institutional investors have recently bought and sold shares of YUM. Millennium Management LLC boosted its stake in shares of Yum! Brands by 447.8% in the second quarter. Millennium Management LLC now owns 1,404,786 shares of the restaurant operator’s stock valued at $109,882,000 after buying an additional 1,148,364 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of Yum! Brands by 35,520.9% in the second quarter. Alps Advisors Inc. now owns 920,088 shares of the restaurant operator’s stock valued at $75,097,000 after buying an additional 917,505 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Yum! Brands by 3.8% in the second quarter. BlackRock Inc. now owns 21,758,890 shares of the restaurant operator’s stock valued at $1,701,978,000 after buying an additional 802,066 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Yum! Brands in the second quarter valued at approximately $41,120,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Yum! Brands by 419.3% in the second quarter. Acadian Asset Management LLC now owns 598,783 shares of the restaurant operator’s stock valued at $46,838,000 after buying an additional 483,467 shares in the last quarter. Hedge funds and other institutional investors own 71.36% of the company’s stock.
YUM has been the topic of several research analyst reports. UBS Group set a $99.00 price target on Yum! Brands and gave the stock a “buy” rating in a research report on Monday, September 10th. BMO Capital Markets reaffirmed a “hold” rating and set a $88.00 price target on shares of Yum! Brands in a research report on Friday, August 3rd. ValuEngine raised Yum! Brands from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Citigroup boosted their target price on Yum! Brands from $80.00 to $87.00 and gave the company a “neutral” rating in a report on Tuesday, June 19th. Finally, BTIG Research raised Yum! Brands from a “neutral” rating to a “buy” rating in a report on Wednesday, June 27th. They noted that the move was a valuation call. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $86.76.
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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