Yum Brands Inc. (NYSE:YUM) has been assigned a $95.00 price objective by equities researchers at Robert W. Baird in a research report issued to clients and investors on Wednesday. The brokerage currently has a a “hold” rating on the restaurant operator’s stock. Robert W. Baird’s price target suggests a potential upside of 6.30% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on YUM. Credit Suisse Group AG reissued a “neutral” rating and set a $84.00 price objective on shares of Yum Brands in a report on Thursday, July 14th. Sanford C. Bernstein reissued an “outperform” rating and set a $97.00 price objective on shares of Yum Brands in a report on Thursday, July 14th. Barclays PLC reissued an “equal weight” rating and set a $83.00 price objective on shares of Yum Brands in a report on Friday, July 15th. Vetr raised Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price objective on the stock in a report on Monday, September 26th. Finally, Morgan Stanley raised their price objective on Yum Brands from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, September 28th. 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 given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $92.46.
Yum Brands (NYSE:YUM) opened at 89.37 on Wednesday. The firm has a 50-day moving average price of $89.33 and a 200 day moving average price of $85.47. The firm has a market capitalization of $33.60 billion, a price-to-earnings ratio of 26.93 and a beta of 0.76. Yum Brands has a 52 week low of $64.58 and a 52 week high of $91.99.
Yum Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share for the quarter, missing the consensus estimate 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 business earned $3.32 billion during the quarter. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities research analysts forecast that Yum Brands will post $3.70 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be paid a $0.51 dividend. The ex-dividend date is Monday, October 17th. This represents a $2.04 annualized dividend and a dividend yield of 2.28%. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s payout ratio is currently 46.82%.
In related news, CEO Roger G. Eaton sold 53,518 shares of Yum Brands stock in a transaction on Friday, September 2nd. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tracy L. Skeans sold 1,793 shares of Yum Brands stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $90.02, for a total value of $161,405.86. The disclosure for this sale can be found here. 7.38% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of YUM. Panagora Asset Management Inc. raised its stake in shares of Yum Brands by 1,512.2% in the first quarter. Panagora Asset Management Inc. now owns 425,308 shares of the restaurant operator’s stock valued at $34,811,000 after buying an additional 398,927 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Yum Brands during the first quarter valued at approximately $41,760,000. Smith Asset Management Group LP purchased a new stake in shares of Yum Brands during the second quarter valued at approximately $16,815,000. CWM LLC raised its stake in shares of Yum Brands by 25.1% in the second quarter. CWM LLC now owns 217,409 shares of the restaurant operator’s stock valued at $18,028,000 after buying an additional 43,650 shares during the last quarter. Finally, Peconic Partners LLC purchased a new stake in shares of Yum Brands during the first quarter valued at approximately $6,548,000. 76.14% of the stock is owned by institutional investors.
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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