Yum Brands Inc. (NYSE:YUM)‘s stock had its “outperform” rating reaffirmed by equities researchers at Oppenheimer Holdings Inc. in a report issued on Monday. They presently have a $97.00 target price on the restaurant operator’s stock. Oppenheimer Holdings Inc.’s target price suggests a potential upside of 12.58% from the stock’s previous close.
Several other equities analysts also recently weighed in on the company. Robert W. Baird set a $95.00 target price on Yum Brands and gave the company a “hold” rating in a research report on Wednesday, October 12th. Barclays PLC lifted their target price on Yum Brands from $88.00 to $92.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 12th. BTIG Research reaffirmed a “hold” rating on shares of Yum Brands in a research report on Thursday, October 6th. Jefferies Group reissued a “hold” rating and set a $85.00 price objective on shares of Yum Brands in a research report on Friday, October 7th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Yum Brands in a research report on Thursday, October 6th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $92.46.
Yum Brands (NYSE:YUM) opened at 86.16 on Monday. Yum Brands has a 52-week low of $64.58 and a 52-week high of $91.99. The stock has a market capitalization of $32.40 billion, a price-to-earnings ratio of 25.97 and a beta of 0.76. The firm’s 50-day moving average is $89.10 and its 200-day moving average is $85.66.
Yum Brands (NYSE:YUM) last released its 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. The firm earned $3.32 billion during the quarter. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. Yum Brands’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. Analysts predict 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. Stockholders of record on Wednesday, October 19th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, October 17th. Yum Brands’s payout ratio is presently 46.82%.
In other news, CEO Muktesh Pant sold 91,228 shares of Yum Brands stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $89.94, for a total value of $8,205,046.32. Following the completion of the sale, the chief executive officer now directly owns 62,660 shares in the company, valued at $5,635,640.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Tracy L. Skeans sold 1,793 shares of Yum Brands stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $90.02, for a total transaction of $161,405.86. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. HBK Investments L P increased its stake in Yum Brands by 171.3% in the first quarter. HBK Investments L P now owns 192,638 shares of the restaurant operator’s stock worth $15,767,000 after buying an additional 121,638 shares during the last quarter. Mariner Wealth Advisors LLC purchased a new position in shares of Yum Brands during the first quarter worth about $208,000. Prudential PLC boosted its position in shares of Yum Brands by 6.1% in the first quarter. Prudential PLC now owns 1,810,955 shares of the restaurant operator’s stock worth $148,227,000 after buying an additional 104,470 shares during the period. Simmons Bank purchased a new position in shares of Yum Brands during the first quarter worth about $814,000. 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 worth $274,229,000 after buying an additional 28,204 shares during the period. Institutional investors own 76.09% of the company’s stock.
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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