Investors Buy Shares of Yum! Brands (YUM) on Weakness
Traders purchased shares of Yum! Brands, Inc. (NYSE:YUM) on weakness during trading hours on Wednesday. $57.11 million flowed into the stock on the tick-up and $26.12 million flowed out of the stock on the tick-down, for a money net flow of $30.99 million into the stock. Of all stocks tracked, Yum! Brands had the 21st highest net in-flow for the day. Yum! Brands traded down ($0.04) for the day and closed at $91.14
A number of brokerages recently commented on YUM. Goldman Sachs Group downgraded shares of Yum! Brands from a “neutral” rating to a “sell” rating and lowered their price target for the company from $83.00 to $76.00 in a report on Friday. Cowen reaffirmed a “buy” rating and set a $100.00 price target on shares of Yum! Brands in a research note on Sunday, December 2nd. Zacks Investment Research lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a report on Saturday, December 1st. Robert W. Baird lifted their price objective on shares of Yum! Brands from $94.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Finally, Stifel Nicolaus lowered shares of Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 price objective on the stock. in a report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $90.41.
The stock has a market cap of $28.46 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 1.88 and a beta of 0.70.
In other Yum! Brands news, CFO David W. Gibbs sold 6,366 shares of the stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $87.87, for a total transaction of $559,380.42. Following the sale, the chief financial officer now directly owns 47,764 shares in the company, valued at approximately $4,197,022.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Scott Catlett sold 745 shares of the stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $90.00, for a total transaction of $67,050.00. Following the sale, the general counsel now owns 5,188 shares in the company, valued at $466,920. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 64,771 shares of company stock valued at $5,836,523. 0.63% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P grew its position in Yum! Brands by 2.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 7,386,140 shares of the restaurant operator’s stock worth $671,474,000 after purchasing an additional 178,182 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Yum! Brands by 5.1% during the third quarter. Bank of New York Mellon Corp now owns 5,459,185 shares of the restaurant operator’s stock worth $496,295,000 after buying an additional 264,177 shares in the last quarter. Sustainable Growth Advisers LP grew its holdings in shares of Yum! Brands by 7.8% during the third quarter. Sustainable Growth Advisers LP now owns 4,693,776 shares of the restaurant operator’s stock worth $426,711,000 after buying an additional 341,611 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Yum! Brands by 4.8% during the third quarter. Legal & General Group Plc now owns 1,756,233 shares of the restaurant operator’s stock worth $159,642,000 after buying an additional 80,542 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Yum! Brands by 3,028.1% during the third quarter. Victory Capital Management Inc. now owns 1,748,932 shares of the restaurant operator’s stock worth $158,996,000 after buying an additional 1,693,021 shares in the last quarter. Institutional investors own 70.78% 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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