Yum! Brands Inc. (NYSE:YUM) traded today at a new 52-week high of $114.83. Approximately 287,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.
As the parent company for more than 50,100 restaurant locations, Yum Brands operates one of the largest global quick-service restaurant systems. Concepts include KFC (24,600 units), Pizza Hut (17,800), Taco Bell (7,400), and The Habit (280). Yum Brands generated $53 billion in system sales in 2019 (53% KFC, 25% Pizza Hut, 22% Taco Bell). In November 2016, Yum China was spun out as a stand-alone company, but it is paying 3% of systemwide sales to Yum Brands annually as a trademark franchisee. Franchisees operated 98% of Yum Brand locations as of September 2020.
Over the past year, Yum! Brands Inc. has traded in a range of $70.86 to $114.83 and is now at $113.81, 61% above that low.
Yum! Brands Inc. has overhead space with shares priced $113.81, or 0.2% below the average consensus analyst price target of $114.07.
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