RBC Capital Markets lowered shares of Yum Brands Inc. (NYSE:YUM) from a top pick rating to an outperform rating in a report published on Friday. The firm currently has $97.00 price objective on the restaurant operator’s stock. The analysts noted that the move was a valuation call.
Several other analysts have also weighed in on YUM. Sanford C. Bernstein reiterated an outperform rating on shares of Yum Brands in a research note on Thursday, May 26th. Credit Agricole SA restated an underperform rating and set a $82.00 price target on shares of Yum Brands in a research report on Wednesday, June 8th. Credit Suisse Group AG restated a hold rating on shares of Yum Brands in a research report on Friday, June 17th. Vetr lowered shares of Yum Brands from a buy rating to a hold rating and set a $86.90 price target for the company. in a research report on Monday, June 20th. Finally, Nomura restated a buy rating and set a $95.00 price target (up previously from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $89.91.
Shares of Yum Brands (NYSE:YUM) opened at 89.86 on Friday. The firm has a 50-day moving average price of $89.54 and a 200-day moving average price of $84.72. Yum Brands has a 52 week low of $64.58 and a 52 week high of $91.99. The stock has a market cap of $35.04 billion, a price-to-earnings ratio of 27.08 and a beta of 0.81.
Yum Brands (NYSE:YUM) last released its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. Yum Brands had a net margin of 10.97% and a return on equity of 213.02%. The firm earned $3.01 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Yum Brands will post $3.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be issued a $0.51 dividend. The ex-dividend date is Monday, October 17th. This represents a $2.04 dividend on an annualized basis and a yield of 2.27%. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio is currently 55.42%.
In other Yum Brands news, CEO Roger G. Eaton sold 53,518 shares of the stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $91.72, for a total transaction of $4,908,670.96. Following the transaction, the chief executive officer now owns 245,736 shares in the company, valued at $22,538,905.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David Eric Russell sold 5,213 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $90.00, for a total value of $469,170.00. Following the transaction, the vice president now owns 14,428 shares in the company, valued at approximately $1,298,520. The disclosure for this sale can be found here. 7.38% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its stake in Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 109 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 125 shares in the last quarter. Zions Bancorporation boosted its stake in Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 220 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Yum Brands during the second quarter valued at $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Yum Brands by 637.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,652 shares of the restaurant operator’s stock valued at $137,000 after buying an additional 1,428 shares in the last quarter. 76.14% of the stock is owned by institutional investors.
Yum Brands Company Profile
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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