Yum Brands Inc. (NYSE:YUM)‘s stock had its “outperform” rating reaffirmed by stock analysts at Sanford C. Bernstein in a research report issued to clients and investors on Wednesday. They presently have a $98.00 price objective on the restaurant operator’s stock. Sanford C. Bernstein’s price target indicates a potential upside of 10.58% from the company’s previous close.
A number of other analysts also recently commented on YUM. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Royal Bank Of Canada restated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Cowen and Company restated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Bank of America Corp. restated a “hold” rating on shares of Yum Brands in a report on Sunday, July 17th. Finally, BTIG Research restated a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $91.61.
Yum Brands (NYSE:YUM) traded down 1.84% during trading on Wednesday, hitting $88.62. 9,044,351 shares of the company traded hands. The firm has a 50 day moving average of $89.67 and a 200 day moving average of $85.16. The firm has a market cap of $34.55 billion, a P/E ratio of 26.71 and a beta of 0.76. Yum Brands has a one year low of $64.58 and a one year high of $91.99.
Yum Brands (NYSE:YUM) last released its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by $0.01. Yum Brands had a return on equity of 213.02% and a net margin of 10.97%. The business earned $3.32 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, analysts expect that Yum Brands will post $3.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, October 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.30%. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is 55.42%.
In related news, insider Tracy L. Skeans sold 1,793 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $90.02, for a total transaction of $161,405.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Roger G. Eaton sold 44,952 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $88.53, for a total transaction of $3,979,600.56. Following the sale, the chief executive officer now owns 244,274 shares of the company’s stock, valued at approximately $21,625,577.22. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
Several large investors have recently made changes to their positions in YUM. Burke & Herbert Bank & Trust Co. boosted its stake in shares of Yum Brands by 13.2% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 5,469 shares of the restaurant operator’s stock worth $497,000 after buying an additional 636 shares during the period. Washington Trust Bank boosted its stake in shares of Yum Brands by 1.3% in the third quarter. Washington Trust Bank now owns 2,028 shares of the restaurant operator’s stock worth $184,000 after buying an additional 26 shares during the period. LVM Capital Management Ltd. MI purchased a new stake in shares of Yum Brands during the third quarter worth about $207,000. Cullinan Associates Inc. boosted its stake in shares of Yum Brands by 4.7% in the third quarter. Cullinan Associates Inc. now owns 67,150 shares of the restaurant operator’s stock worth $6,098,000 after buying an additional 3,000 shares during the period. Finally, Williams Jones & Associates LLC purchased a new stake in shares of Yum Brands during the second quarter worth about $459,000. Institutional investors and hedge funds own 76.14% of the company’s stock.
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.
Receive News & Ratings for Yum Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.