Shares of Yum! Brands, Inc. (NYSE:YUM) have earned an average rating of “Buy” from the twenty-six research firms that are presently covering the company, Marketbeat.com reports. Fourteen analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $81.90.
YUM has been the topic of a number of recent analyst reports. Oppenheimer reissued a “buy” rating and issued a $85.00 price target on shares of Yum! Brands in a report on Monday, October 30th. Mizuho set a $74.00 price target on shares of Yum! Brands and gave the stock a “hold” rating in a report on Wednesday, November 1st. UBS Group reissued a “positive” rating and issued a $89.00 price target (up previously from $83.00) on shares of Yum! Brands in a report on Friday, November 3rd. Nomura raised their price target on shares of Yum! Brands from $85.00 to $89.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Robert W. Baird raised their price target on shares of Yum! Brands from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd.
Shares of Yum! Brands (NYSE YUM) traded down $0.03 during trading on Friday, reaching $80.54. 450,325 shares of the company’s stock were exchanged, compared to its average volume of 2,114,153. The company has a market cap of $26,534.54, a price-to-earnings ratio of 21.26, a PEG ratio of 1.91 and a beta of 0.93. Yum! Brands has a 1-year low of $62.85 and a 1-year high of $86.93. The company has a debt-to-equity ratio of -1.49, a quick ratio of 1.65 and a current ratio of 1.66.
Yum! Brands declared that its Board of Directors has initiated a share repurchase plan on Friday, November 17th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Wednesday, February 14th will be given a dividend of $0.36 per share. This is a boost from Yum! Brands’s previous quarterly dividend of $0.30. This represents a $1.44 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, February 13th. Yum! Brands’s dividend payout ratio (DPR) is 37.99%.
In related news, CEO Brian R. Niccol sold 927 shares of Yum! Brands stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $83.46, for a total transaction of $77,367.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian R. Niccol sold 945 shares of Yum! Brands stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $79.90, for a total transaction of $75,505.50. Following the transaction, the chief executive officer now directly owns 10,785 shares of the company’s stock, valued at $861,721.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,270 shares of company stock valued at $438,570. 0.65% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in Yum! Brands by 18.2% in the third quarter. Bank of New York Mellon Corp now owns 7,910,196 shares of the restaurant operator’s stock worth $582,270,000 after buying an additional 1,220,537 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Yum! Brands in the fourth quarter worth about $58,931,000. Magellan Asset Management Ltd raised its holdings in Yum! Brands by 4.1% in the fourth quarter. Magellan Asset Management Ltd now owns 16,076,881 shares of the restaurant operator’s stock worth $1,312,034,000 after buying an additional 632,560 shares during the last quarter. Alkeon Capital Management LLC purchased a new position in Yum! Brands in the third quarter worth about $45,086,000. Finally, American Century Companies Inc. purchased a new position in Yum! Brands in the fourth quarter worth about $33,729,000. 73.60% of the stock is owned by institutional investors.
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Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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