- Yum! Brands Inc (NYSE:YUM) Board of Directors approved a new share repurchase authorization for up to $2 billion in shares of common stock through June 30, 2024.
- The new authorization will take effect upon the exhaustion of the current authorization approved in May 2021.
- YUM had about $236 million remained available from the previous approval as of September 12, 2022.
- The Pizza Hut owner operates a system of over 53,000 restaurants in 155 countries and territories.
- It held $628 million in cash and equivalents as of June 30, 2022.
- Price Action: YUM shares are trading higher by 1.57% at $117.91 on the last check Monday.
- Photo Via Wikimedia Commons
HC Wainwright & Co. Maintains Buy on Merus, Lowers Price Target to $39
HC Wainwright & Co. analyst Andrew Fein maintains Merus (NASDAQ:MRUS) with a Buy and lowers the price target from $45 to $39.
