YUM has been the subject of several other reports. Credit Suisse Group AG restated a neutral rating and issued a $84.00 price objective on shares of Yum Brands in a research note on Thursday, July 14th. Sanford C. Bernstein restated an outperform rating and issued a $97.00 price objective on shares of Yum Brands in a research note on Thursday, July 14th. Barclays PLC reiterated an equal weight rating and set a $83.00 price target on shares of Yum Brands in a research report on Friday, July 15th. 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 report on Monday, September 26th. Finally, Morgan Stanley lifted their price target on Yum Brands from $86.00 to $96.00 and gave the company an equal weight rating in a research report on Wednesday, September 28th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $91.86.
Shares of Yum Brands (NYSE:YUM) opened at 87.72 on Wednesday. Yum Brands has a one year low of $64.58 and a one year high of $91.99. The stock has a market capitalization of $34.20 billion, a PE ratio of 26.44 and a beta of 0.76. The stock’s 50 day moving average price is $89.48 and its 200 day moving average price is $85.26.
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 consensus estimate of $1.10 by $0.01. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The firm earned $3.32 billion during the quarter. During the same period last year, the firm posted $1.00 EPS. The firm’s revenue was down 3.2% on a year-over-year basis. Equities research analysts predict that Yum Brands will post $3.70 EPS for the current fiscal 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. This represents a $2.04 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Monday, October 17th. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s payout ratio is currently 46.82%.
In related news, CEO Muktesh Pant sold 91,228 shares of the business’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $89.94, for a total value of $8,205,046.32. Following the sale, the chief executive officer now owns 62,660 shares in the company, valued at approximately $5,635,640.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David Eric Russell sold 5,213 shares of the business’s stock in a transaction 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 completion of the sale, 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. Vanguard Group Inc. increased 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 valued at $2,206,189,000 after buying an additional 326,184 shares in the last quarter. Magellan Asset Management Ltd increased its stake in 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 in the last quarter. Lone Pine Capital LLC increased its stake in 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 in the last quarter. Loomis Sayles & Co. L P increased its stake in 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 in the last quarter. Finally, Geode Capital Management LLC boosted its position in 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. Hedge funds and other 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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