Yum Brands Inc. (NYSE:YUM) had its price target raised by Barclays PLC from $88.00 to $92.00 in a report issued on Wednesday. They currently have an equal weight rating on the restaurant operator’s stock.
A number of other analysts also recently weighed in on YUM. Credit Suisse Group AG reaffirmed a hold rating on shares of Yum Brands in a report on Friday, June 17th. Vetr downgraded shares of Yum Brands from a buy rating to a hold rating and set a $86.90 price objective for the company. in a research note on Monday, June 20th. Nomura reissued a buy rating and issued a $95.00 price objective (up previously from $92.00) on shares of Yum Brands in a research note on Wednesday, June 22nd. Deutsche Bank AG reissued a hold rating and issued a $83.00 price objective (up previously from $81.00) on shares of Yum Brands in a research note on Monday, July 11th. Finally, Royal Bank Of Canada reissued a buy rating on shares of Yum Brands in a research note on Monday, July 11th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $92.46.
Yum Brands (NYSE:YUM) opened at 88.67 on Wednesday. The firm has a market cap of $33.34 billion, a price-to-earnings ratio of 26.72 and a beta of 0.76. Yum Brands has a one year low of $64.58 and a one year high of $91.99. The stock has a 50 day moving average of $89.31 and a 200 day moving average of $85.54.
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 the Zacks’ 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 had revenue of $3.32 billion for the quarter. During the same period in the previous year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities research analysts predict that Yum Brands will post $3.70 EPS for the current fiscal year.
The company also recently declared 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. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, October 17th. Yum Brands’s dividend payout ratio (DPR) is presently 46.82%.
In related news, CEO Muktesh Pant sold 91,228 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were 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 of the company’s stock, valued at $5,635,640.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David W. Gibbs sold 14,487 shares of the firm’s stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $89.92, for a total transaction of $1,302,671.04. Following the transaction, the chief financial officer now directly owns 48,261 shares in the company, valued at $4,339,629.12. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC raised its position in Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock worth $107,000 after buying an additional 109 shares during the last quarter. Tortoise Investment Management LLC raised its position in Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock worth $110,000 after buying an additional 125 shares during the last quarter. Zions Bancorporation raised its position in Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock worth $121,000 after buying an additional 220 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in Yum Brands during the second quarter worth $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in Yum Brands by 637.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,652 shares of the restaurant operator’s stock worth $137,000 after buying an additional 1,428 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.
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.
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