Traders Sell Shares of Yum! Brands, Inc. (YUM) on Strength (YUM)
Traders sold shares of Yum! Brands, Inc. (NYSE:YUM) on strength during trading on Friday. $29.08 million flowed into the stock on the tick-up and $48.21 million flowed out of the stock on the tick-down, for a money net flow of $19.13 million out of the stock. Of all stocks tracked, Yum! Brands had the 28th highest net out-flow for the day. Yum! Brands traded up $1.35 for the day and closed at $75.93
Several analysts recently weighed in on YUM shares. BidaskClub lowered Yum! Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Yum! Brands in a research note on Thursday, June 15th. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Thursday, July 20th. UBS AG raised their price objective on Yum! Brands from $76.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Argus reaffirmed a “buy” rating and issued a $88.00 price objective (up from $80.00) on shares of Yum! Brands in a research note on Wednesday, August 23rd. Twelve equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $79.89.
The company has a 50-day moving average price of $75.65 and a 200-day moving average price of $71.84. The company has a market cap of $26.18 billion, a P/E ratio of 20.16 and a beta of 0.81.
Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business posted $0.75 EPS. The business’s revenue was down 4.0% on a year-over-year basis. On average, equities research analysts predict that Yum! Brands, Inc. will post $2.81 EPS for the current year.
In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the completion of the sale, the chief financial officer now owns 39,664 shares in the company, valued at approximately $2,935,136. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.38% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in Yum! Brands by 1.0% in the 2nd quarter. Principal Financial Group Inc. now owns 985,546 shares of the restaurant operator’s stock worth $72,694,000 after buying an additional 9,754 shares during the period. Teachers Advisors LLC lifted its stake in shares of Yum! Brands by 25.7% in the 2nd quarter. Teachers Advisors LLC now owns 556,212 shares of the restaurant operator’s stock valued at $41,026,000 after purchasing an additional 113,582 shares during the period. Whalerock Point Partners LLC lifted its stake in shares of Yum! Brands by 3.0% in the 2nd quarter. Whalerock Point Partners LLC now owns 8,500 shares of the restaurant operator’s stock valued at $627,000 after purchasing an additional 250 shares during the period. Delta Lloyd Asset Management N.V. purchased a new position in shares of Yum! Brands in the 2nd quarter valued at approximately $13,136,000. Finally, Bank of Montreal Can lifted its stake in shares of Yum! Brands by 81.5% in the 2nd quarter. Bank of Montreal Can now owns 754,879 shares of the restaurant operator’s stock valued at $55,679,000 after purchasing an additional 338,941 shares during the period. Institutional investors and hedge funds own 72.06% of the company’s stock.
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Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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