The Vanguard Group, Inc. has recently announced that it has increased stake in Yum! Brands Inc. (NYSE:YUM) by 0.26%. After grabbing 21.55 million shares, the institutional investor is now in possession of 55207.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 7.65% having worth around $2.74 billion. Moreover, BlackRock Fund Advisors increased its share by 0.35 million to have a control over 13.7 million shares. And Capital Research & Management Co raised its holdings to 0.51 million shares by acquiring 12.7 million shares or 4.51% of the stake.
Yum! Brands Inc. (YUM) concluded trading on 03/15/23 at a closing price of $127.13, with 1.73 million shares of worth about $220.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.93% during that period and on Wednesday the price saw a gain of about 0.34%. Currently the company’s common shares owned by public are about 283.00M shares, out of which, 277.20M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 24 times over the past 12 months. They bought 52,011 shares in 10 of the transactions. In 14 selling transactions, insiders dumped 34,414 shares.
Washington Mutual Investors Fund, Vanguard Total Stock Market Index, and T Rowe Price Capital Appreciation are the top 3 mutual funds which are holding stakes in Yum! Brands Inc. Washington Mutual Investors Fund is currently holding 10.86 million shares of worth totaling $1.38 billion. The company recently came buying 0.47 million shares which brought its stake up to 3.85% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 59469.0 shares, after which its hold over company’s outstanding shares expand to 3.06%, leaving 8.62 million shares with the mutual fund that have a worth of about $1.1 billion. T Rowe Price Capital Appreciation, after selling 6.96 million shares, have now control over 2.47% of the stake in the company. It holds -4.48 million shares of worth $885.46 million.
Yum! Brands Inc. (NYSE: YUM) started trading at $125.38, below -$1.32 from concluding price of the previous day. However, the stock later moved at a day high price of 127.19, or with a gain of 0.34%. Stock saw a price change of 0.28% in past 5 days and over the past one month there was a price change of -4.07%. Year-to-date (YTD), YUM shares are showing a performance of -0.74% which increased to 12.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $103.96 but also hit the highest price of $133.77 during that period. The average intraday trading volume for Yum! Brands Inc. shares is 1.62 million. The stock is currently trading -0.88% below its 20-day simple moving average (SMA20), while that difference is down -1.25% for SMA50 and it goes to 5.34% higher than SMA200.
The Vanguard Group, Inc. acquired 21.55 million shares of Yum! Brands Inc. having value of about $2.74 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 55207.0 shares in the company valued at close to $7018465.91, or have control over 0.26% stake in the company. Yum! Brands Inc. (NYSE: YUM) currently have 283.00M outstanding shares and institutions hold larger chunk of about 80.10% of that. Holding of mutual funds in the company is about 45.88% while other institutional holders and individual stake holders have control over 9.24% and 33.59% of the stake respectively.
The stock has a current market capitalization of $36.03B and its 3Y-monthly beta is at 1.00. PE ratio of stock for trailing 12 months is 27.83, while it has posted earnings per share of $4.57 in the same period. Its PEG reads 2.55 and has Quick Ratio of 1.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for YUM, volatility over the week remained 2.14% while standing at 1.60% over the month.
Analysts are in expectations that Yum! Brands Inc. (YUM) stock would likely to be making an EPS of $1.13 in the current quarter, while forecast for next quarter EPS is $1.23 and it is $5.95 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.02 which is $1.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -12.40% while it is estimated to increase by 14.91% in next year. EPS is likely to grow at an annualized rate of 10.90% for next 5-years, compared to annual growth of -1.80% made by the stock over the past 5-years.
Analysts at 30 brokerage firms have issued recommendations for the Yum! Brands Inc. (YUM)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 30 Wall Street analysts, 10 recommended a “Buy” rating, while 16 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on January 24, 2023 offering an Overweight rating for the stock and assigned a target price of $145 to it. Coverage by Argus stated Yum! Brands Inc. (YUM) stock as a Buy in their note to investors on November 23, 2022, suggesting a price target of $142 for the stock. Stock get a Buy rating from Goldman on July 18, 2022.
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