Yum! Brands (NYSE:YUM) Sets New 12-Month High - Here's What Happened

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Yum! Brands (NYSE:YUM) reached a new 52-week high, trading as high as $166.08, following several “buy” ratings from Wall Street analysts and an increase in its quarterly dividend to $0.75 per share. Despite missing analysts’ consensus earnings estimates for the recent quarter, the company’s revenue increased by 6.4% year-over-year. Insider transactions show CEO Aaron Powell and Scott Mezvinsky selling shares, while institutional investors have largely increased their positions in the company.

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