Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Yum! Brands Inc. shares valued at $544,488 were sold by Gibbs David W on May 15. At $138.90 per share, Gibbs David W sold 3,920 shares. The insider’s holdings dropped to 57,325 shares worth approximately $7.47 million following the completion of this transaction.
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Also, Catlett Scott sold 2,553 shares, netting a total of over 357,420 in proceeds. Following the sale of shares at $140.00 each, the insider now holds 11,724 shares.
Before that, Skeans Tracy L had sold 3,680 shares from its account. In a trade valued at $500,480, the COO and CPO traded Yum! Brands Inc. shares for $136.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,680 shares, worth approximately $0.41 million.
Analyzing YUM Stock Performance
On Thursday, Yum! Brands Inc. [NYSE: YUM] plunged -0.47% to $130.26. The stock’s lowest price that day was $129.10, but it reached a high of $131.20 in the same session. During the last five days, there has been a drop of approximately -5.92%. Over the course of the year, Yum! Brands Inc. shares have jumped approximately 1.70%. Shares of the company reached a 52-week high of $143.24 on 05/02/23 and a 52-week low of $123.78 on 03/13/23. A 50-day SMA is recorded $134.40, while a 200-day SMA reached $125.04. Nevertheless, trading volume fell to 2.31 million shares from 1.35 million shares the previous day.
Support And Resistance Levels for Yum! Brands Inc. (YUM)
According to the 24-hour chart, there is a support level at 129.17, which, if violated, would cause prices to drop to 128.09. In the upper region, resistance lies at 131.27. The next price resistance is at 132.29. RSI (Relative Strength Index) is 33.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.26, which suggests the price will decrease in the coming days. Percent R is at 88.87%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Yum! Brands Inc. subject to short interest?
Stocks of Yum! Brands Inc. saw a sharp rise in short interest on Apr 27, 2023 jumping by 0.0 shares to 3.69 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 3.69 million shares.
Which companies own the most shares of Yum! Brands Inc. (YUM)?
According to The Vanguard Group, Inc. filings, the company currently owns 21,672,284 shares, which is about 7.74% of the total YUM shares outstanding. The investor’s shares have appreciated by 121,423 from its previous 13-F filing of 21550861.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $1,891,699,728. Capital Research & Management Co reduced a -0.42% interest valued at $1.78 billion while T. Rowe Price Investment Manageme sold a -700,510 stake. A total of -278,852 shares of Yum! Brands Inc. were sold by SSgA Funds Management, Inc. during the quarter, and 488,827 were bought by Capital Research & Management Co. In its current portfolio, JPMorgan Investment Management, I holds 7,034,711 shares valued at $988.94 million.
In terms of Yum! Brands Inc. share price expectations, FactSet research, analysts set an average price target of $147.65 in the next 12 months, up nearly 12.71% from the previous closing price of $130.87. Analysts anticipate Yum! Brands Inc. stock to reach $172.00 by 2023, with the lowest price target being $132.00. In spite of this, 26 analysts ranked Yum! Brands Inc. stock as an Overweight at the end of 2023.