Yum! Brands, Inc. (NYSE:YUM)’s share price gapped down before the market opened on Friday . The stock had previously closed at $94.34, but opened at $91.79. Yum! Brands shares last traded at $90.94, with a volume of 2346578 shares changing hands.
Several equities analysts recently commented on the stock. Zacks Investment Research reiterated a “buy” rating and set a $97.00 price target on shares of Yum! Brands in a report on Saturday, November 17th. Gordon Haskett assumed coverage on shares of Yum! Brands in a report on Thursday, October 18th. They set a “hold” rating and a $90.00 price target on the stock. Stifel Nicolaus downgraded shares of Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a report on Tuesday, October 23rd. Cowen reiterated a “buy” rating and set a $100.00 price target on shares of Yum! Brands in a report on Sunday, December 2nd. Finally, BTIG Research upped their target price on shares of Yum! Brands from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $90.41.
The stock has a market capitalization of $28.46 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 1.88 and a beta of 0.70.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.21. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. Analysts anticipate that Yum! Brands, Inc. will post 3.72 EPS for the current year.
In other news, General Counsel Scott Catlett sold 745 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $90.00, for a total value of $67,050.00. Following the completion of the sale, the general counsel now owns 5,188 shares of the company’s stock, valued at approximately $466,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David W. Gibbs sold 6,366 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $87.87, for a total transaction of $559,380.42. Following the completion of the sale, the chief financial officer now directly owns 47,764 shares of the company’s stock, valued at approximately $4,197,022.68. The disclosure for this sale can be found here. Insiders sold a total of 64,771 shares of company stock valued at $5,836,523 in the last ninety days. Corporate insiders own 0.63% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in YUM. Asset Advisors Investment Management LLC purchased a new stake in Yum! Brands during the third quarter valued at approximately $136,000. Willingdon Wealth Management lifted its position in Yum! Brands by 2,110.0% during the third quarter. Willingdon Wealth Management now owns 1,768 shares of the restaurant operator’s stock valued at $161,000 after acquiring an additional 1,688 shares during the last quarter. Legacy Financial Advisors Inc. lifted its position in Yum! Brands by 54.3% during the third quarter. Legacy Financial Advisors Inc. now owns 2,057 shares of the restaurant operator’s stock valued at $187,000 after acquiring an additional 724 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Yum! Brands during the second quarter valued at approximately $199,000. Finally, Douglass Winthrop Advisors LLC purchased a new stake in Yum! Brands during the third quarter valued at approximately $201,000. 70.78% of the stock is owned by hedge funds and other institutional investors.
Yum! Brands Company Profile (NYSE:YUM)
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.
See Also: Intrinsic Value
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