Yum Brands Inc. (NYSE:YUM)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group in a research report issued to clients and investors on Friday. They currently have a $85.00 price target on the restaurant operator’s stock. Jefferies Group’s price objective points to a potential downside of 2.73% from the stock’s previous close.
A number of other brokerages also recently weighed in on YUM. BTIG Research reissued a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $70.00 price target on shares of Yum Brands in a report on Wednesday, October 5th. Wells Fargo & Co. reissued a “market perform” rating and issued a $83.00 price target on shares of Yum Brands in a report on Monday, July 11th. Cowen and Company reissued a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Finally, Credit Agricole SA reissued an “underperform” rating and issued a $82.00 price target on shares of Yum Brands in a report on Thursday, July 14th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $92.11.
Yum Brands (NYSE:YUM) opened at 87.39 on Friday. Yum Brands has a 1-year low of $64.58 and a 1-year high of $91.99. The firm has a market capitalization of $34.07 billion, a price-to-earnings ratio of 26.34 and a beta of 0.76. The firm’s 50-day moving average is $89.43 and its 200-day moving average is $85.40.
Yum Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The company earned $3.32 billion during the quarter. During the same period in the previous year, the business posted $1.00 earnings per share. Yum Brands’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts anticipate that Yum Brands will post $3.70 EPS 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 paid a dividend of $0.51 per share. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, October 17th. This represents a $2.04 annualized dividend and a yield of 2.33%. Yum Brands’s dividend payout ratio (DPR) is presently 46.82%.
In related news, VP David Eric Russell sold 5,213 shares of Yum Brands stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $90.00, for a total transaction of $469,170.00. Following the transaction, the vice president now owns 14,428 shares of the company’s stock, valued at approximately $1,298,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Muktesh Pant sold 91,228 shares of Yum Brands stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $89.94, for a total transaction of $8,205,046.32. Following the transaction, the chief executive officer now directly owns 62,660 shares in the company, valued at approximately $5,635,640.40. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YUM. Virginia Retirement System purchased a new position in Yum Brands during the first quarter valued at $572,000. Los Angeles Capital Management & Equity Research Inc. raised its position in Yum Brands by 0.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 58,495 shares of the restaurant operator’s stock valued at $4,788,000 after buying an additional 150 shares during the last quarter. Franklin Resources Inc. raised its position in Yum Brands by 3.1% in the first quarter. Franklin Resources Inc. now owns 1,442,354 shares of the restaurant operator’s stock valued at $118,057,000 after buying an additional 43,486 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Yum Brands during the first quarter valued at $10,634,000. Finally, Advisor Partners LLC raised its position in Yum Brands by 52.6% in the first quarter. Advisor Partners LLC now owns 4,926 shares of the restaurant operator’s stock valued at $403,000 after buying an additional 1,699 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.
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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