Yum! Brands (NYSE:YUM) Hits New 1-Year High at $109.90

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Yum! Brands, Inc. (NYSE:YUM)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $109.90 and last traded at $109.86, with a volume of 1979 shares. The stock had previously closed at $108.98.

A number of equities analysts have issued reports on YUM shares. BTIG Research increased their target price on Yum! Brands to $114.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a report on Tuesday, April 9th. UBS Group increased their target price on Yum! Brands from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Mizuho cut Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. cut Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 target price for the company. in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $101.00.

The firm has a market cap of $33.33 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.33 and a beta of 0.55.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. Yum! Brands’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. On average, equities research analysts anticipate that Yum! Brands, Inc. will post 3.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 16th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Wednesday, May 15th. Yum! Brands’s payout ratio is 53.00%.

In related news, CEO Greg Creed sold 44,949 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $105.82, for a total value of $4,756,503.18. Following the completion of the sale, the chief executive officer now directly owns 158,745 shares in the company, valued at approximately $16,798,395.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David W. Gibbs sold 1,531 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $99.54, for a total transaction of $152,395.74. Following the completion of the sale, the chief financial officer now owns 41,345 shares of the company’s stock, valued at $4,115,481.30. The disclosure for this sale can be found here. Insiders sold a total of 52,328 shares of company stock valued at $5,498,068 in the last 90 days. 0.67% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its position in shares of Yum! Brands by 6,899.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,916,798 shares of the restaurant operator’s stock valued at $64,000 after acquiring an additional 5,832,264 shares during the period. Norges Bank bought a new position in shares of Yum! Brands during the 4th quarter valued at approximately $292,344,000. FMR LLC grew its position in shares of Yum! Brands by 139.0% during the 1st quarter. FMR LLC now owns 2,658,807 shares of the restaurant operator’s stock valued at $265,376,000 after acquiring an additional 1,546,142 shares during the period. Two Sigma Investments LP grew its position in shares of Yum! Brands by 63.9% during the 4th quarter. Two Sigma Investments LP now owns 2,008,383 shares of the restaurant operator’s stock valued at $184,611,000 after acquiring an additional 783,149 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Yum! Brands by 20.1% during the 1st quarter. Geode Capital Management LLC now owns 4,666,014 shares of the restaurant operator’s stock valued at $465,255,000 after acquiring an additional 782,183 shares during the period. Institutional investors and hedge funds own 74.91% of the company’s stock.

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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.

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