Yum! Brands Inc. (NYSE:YUM) traded today at a new 52-week high of $118.80. This new high was reached on below average trading volume as 282,000 shares traded hands, while the average 30-day volume is approximately 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.
Based on a current price of $118.35, Yum! Brands Inc. is currently 1.6% above its average consensus analyst price target of $116.42.
Over the past year, Yum! Brands Inc. has traded in a range of $75.17 to $118.80 and is now at $118.35, 57% above that low.
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