Yum Brands Inc. (NYSE:YUM)‘s stock had its “hold” rating reiterated by Credit Suisse Group AG in a note issued to investors on Thursday.
YUM has been the subject of several other reports. Citigroup Inc. upped their price target on Yum Brands from $88.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th. Morgan Stanley upped their price target on Yum Brands from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 28th. Zacks Investment Research downgraded Yum Brands from a “hold” rating to a “sell” rating in a research note on Monday, September 19th. Nomura restated a “buy” rating and issued a $95.00 price target (up from $92.00) on shares of Yum Brands in a research note on Wednesday, June 22nd. Finally, Vetr upgraded Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price target for the company in a research note on Monday, September 26th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Yum Brands presently has an average rating of “Hold” and an average price target of $91.86.
Yum Brands (NYSE:YUM) opened at 87.72 on Thursday. Yum Brands has a 1-year low of $64.58 and a 1-year high of $91.99. The firm’s 50 day moving average is $89.48 and its 200 day moving average is $85.26. The stock has a market capitalization of $34.20 billion, a P/E ratio of 26.44 and a beta of 0.76.
Yum Brands (NYSE:YUM) last announced its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. The company had revenue of $3.32 billion for the quarter. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. On average, equities research analysts anticipate that Yum Brands will post $3.70 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be paid a $0.51 dividend. The ex-dividend date is Monday, October 17th. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.33%. Yum Brands’s dividend payout ratio (DPR) is 46.82%.
In other Yum Brands news, insider Tracy L. Skeans sold 1,793 shares of the stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $90.02, for a total value of $161,405.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Roger G. Eaton sold 53,518 shares of the stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $91.72, for a total value of $4,908,670.96. Following the completion of the sale, the chief executive officer now owns 245,736 shares of the company’s stock, valued at $22,538,905.92. The disclosure for this sale can be found here. 7.38% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Yum Brands by 1.2% in the second quarter. Vanguard Group Inc. now owns 26,606,241 shares of the restaurant operator’s stock worth $2,206,189,000 after buying an additional 326,184 shares during the period. Magellan Asset Management Ltd boosted its position in shares of Yum Brands by 1.5% in the second quarter. Magellan Asset Management Ltd now owns 14,062,303 shares of the restaurant operator’s stock valued at $1,166,046,000 after buying an additional 203,569 shares during the last quarter. Lone Pine Capital LLC boosted its position in shares of Yum Brands by 559.3% in the second quarter. Lone Pine Capital LLC now owns 9,972,255 shares of the restaurant operator’s stock valued at $826,899,000 after buying an additional 8,459,686 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Yum Brands by 6.2% in the second quarter. Loomis Sayles & Co. L P now owns 5,811,681 shares of the restaurant operator’s stock valued at $481,904,000 after buying an additional 338,573 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Yum Brands by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,357,178 shares of the restaurant operator’s stock valued at $274,229,000 after buying an additional 28,204 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.
About Yum Brands
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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