Insider Selling: Yum! Brands, Inc. (YUM) CEO Sells 2,889 Shares of Stock
Yum! Brands, Inc. (NYSE:YUM) CEO Anthony Lowings sold 2,889 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $89.93, for a total transaction of $259,807.77. Following the completion of the transaction, the chief executive officer now owns 36,497 shares of the company’s stock, valued at $3,282,175.21. The sale was disclosed in a legal filing with the SEC, which is available at this link.
YUM stock opened at $92.36 on Friday. The company has a market cap of $28.05 billion, a P/E ratio of 31.20, a P/E/G ratio of 1.85 and a beta of 0.70. Yum! Brands, Inc. has a 1 year low of $75.88 and a 1 year high of $94.13.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 period in the prior year, the company posted $0.68 EPS. The company’s revenue was down 3.1% on a year-over-year basis. Analysts anticipate that Yum! Brands, Inc. will post 3.73 earnings per share for the current year.
Several equities analysts have recently commented on YUM shares. Zacks Investment Research cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. Goldman Sachs Group cut shares of Yum! Brands from a “neutral” rating to a “sell” rating and dropped their target price for the company from $83.00 to $76.00 in a research report on Friday, January 11th. KeyCorp started coverage on shares of Yum! Brands in a research report on Wednesday, October 3rd. They issued a “sector weight” rating for the company. Robert W. Baird boosted their target price on shares of Yum! Brands from $94.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Finally, BTIG Research upped their price objective on shares of Yum! Brands from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. Yum! Brands presently has an average rating of “Hold” and a consensus target price of $90.71.
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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