Shares of Yum! Brands Inc. (NYSE:YUM) traded at a new 12-month high today of $137.79. Approximately 247,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.
Yum Brands is a U.S.-based restaurant operator featuring a portfolio of four brands: KFC (26,220 global units), Pizza Hut (18,000 units), Taco Bell (7,600 units), and The Habit Burger (305 units). With $50 billion in 2020 systemwide sales, the firm is the second-largest restaurant company in the world, behind McDonald’s ($93 billion) but ahead of Restaurant Brands International ($31 billion) and Starbucks ($19 billion). Yum is 98% franchised, with the largest franchisee, Yum China, created via a 2016 spin-off transaction (after which Yum China agreed to pay 3% royalties to Yum Brands in perpetuity). Yum is the newest evolution of Tricon Brands, formerly a division of PepsiCo, and generates the bulk of its revenue from franchise royalties and marketing contributions.
Based on a current price of $137.59, Yum! Brands Inc. is currently 44.2% above its average consensus analyst price target of $76.73.
In the past 12 months, shares of Yum! Brands Inc. have traded between a low of $101.18 and a high of $137.79 and are now at $137.59, which is 36% above that low price.
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