Yum! Brands (YUM) Sets New 1-Year High at $94.30

Share on StockTwits

Shares of Yum! Brands, Inc. (NYSE:YUM) hit a new 52-week high on Thursday . The stock traded as high as $94.30 and last traded at $94.08, with a volume of 738264 shares traded. The stock had previously closed at $93.45.

YUM has been the topic of several recent research reports. Goldman Sachs Group lowered Yum! Brands from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $83.00 to $76.00 in a report on Friday, January 11th. KeyCorp initiated coverage on Yum! Brands in a report on Wednesday, October 3rd. They set a “sector weight” rating on the stock. Cowen reissued a “buy” rating and set a $100.00 price objective on shares of Yum! Brands in a report on Sunday, December 2nd. Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, January 14th. Finally, Stifel Nicolaus lowered Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a research note on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $90.69.

The company has a market cap of $29.18 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 1.91 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.21. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Yum! Brands had a negative return on equity of 17.89% and a net margin of 28.81%. Yum! Brands’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. On average, sell-side analysts expect that Yum! Brands, Inc. will post 3.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Thursday, February 14th will be paid a $0.42 dividend. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $1.68 annualized dividend and a yield of 1.79%. Yum! Brands’s payout ratio is currently 48.65%.

In other Yum! Brands news, CFO David W. Gibbs sold 6,391 shares of Yum! Brands stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $88.22, for a total value of $563,814.02. Following the completion of the transaction, the chief financial officer now owns 39,380 shares in the company, valued at approximately $3,474,103.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Roger G. Eaton sold 44,823 shares of Yum! Brands stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 160,726 shares of the company’s stock, valued at approximately $14,552,132.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,704 shares of company stock valued at $6,113,402. Corporate insiders own 0.63% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of YUM. Reilly Financial Advisors LLC raised its position in shares of Yum! Brands by 71.4% during the fourth quarter. Reilly Financial Advisors LLC now owns 480 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 200 shares during the last quarter. Ipswich Investment Management Co. Inc. bought a new stake in shares of Yum! Brands during the fourth quarter worth $46,000. First Command Bank raised its position in shares of Yum! Brands by 63.0% during the fourth quarter. First Command Bank now owns 621 shares of the restaurant operator’s stock worth $57,000 after acquiring an additional 240 shares during the last quarter. First Command Financial Services Inc. raised its position in shares of Yum! Brands by 63.0% during the fourth quarter. First Command Financial Services Inc. now owns 621 shares of the restaurant operator’s stock worth $57,000 after acquiring an additional 240 shares during the last quarter. Finally, Lavaca Capital LLC bought a new stake in shares of Yum! Brands during the fourth quarter worth $62,000. Hedge funds and other institutional investors own 70.77% of the company’s stock.

WARNING: “Yum! Brands (YUM) Sets New 1-Year High at $94.30” was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/4116151/yum-brands-yum-sets-new-1-year-high-at-94-30.html.

About Yum! Brands (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.

Featured Story: Diversification Important in Investing

Receive News & Ratings for Yum! Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Halloween Coin  Trading Up 29.2% Over Last 7 Days
Halloween Coin Trading Up 29.2% Over Last 7 Days
InflationCoin Price Hits $0.0000
InflationCoin Price Hits $0.0000
Xencor Inc  Major Shareholder Purchases $1,111,466.00 in Stock
Xencor Inc Major Shareholder Purchases $1,111,466.00 in Stock
Irhythm Technologies Inc  Insider Kevin M. King Sells 60,000 Shares
Irhythm Technologies Inc Insider Kevin M. King Sells 60,000 Shares
Agios Pharmaceuticals Inc  Insider Sells $641,600.00 in Stock
Agios Pharmaceuticals Inc Insider Sells $641,600.00 in Stock
Auryn Resources  Upgraded to “Buy” at Zacks Investment Research
Auryn Resources Upgraded to “Buy” at Zacks Investment Research


© 2006-2019 Ticker Report