Press coverage about Yum! Brands (NYSE:YUM) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Yum! Brands earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 47.0656573432928 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Grubhub Price Target Raised After Analysis Of Yum Brands Partnership (finance.yahoo.com)
- Yum! Brands (YUM) Up 1.6% Since Earnings Report: Can It Continue? – Nasdaq (nasdaq.com)
- Serenity Health & Home Décor Introduces Exciting New CASL Brands (prweb.com)
- Yum! Holly Willoughby dives face first into a wall of DOUGHNUTS live on This Morning (celebsnow.co.uk)
Yum! Brands (NYSE YUM) traded down $0.54 during trading hours on Monday, hitting $82.41. 2,666,809 shares of the company were exchanged, compared to its average volume of 2,570,000. The company has a debt-to-equity ratio of -1.49, a current ratio of 1.66 and a quick ratio of 1.65. The stock has a market cap of $27,400.00, a PE ratio of 16.35, a P/E/G ratio of 1.98 and a beta of 0.95. Yum! Brands has a 1 year low of $62.85 and a 1 year high of $86.93.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Wednesday, February 14th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.75%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.30. Yum! Brands’s dividend payout ratio (DPR) is presently 28.57%.
Yum! Brands declared that its board has authorized a share buyback program on Friday, November 17th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
Several research firms have recently weighed in on YUM. Wells Fargo & Co dropped their price target on shares of Yum! Brands from $85.00 to $82.00 and set a “market perform” rating for the company in a research note on Friday, February 9th. Deutsche Bank increased their price target on shares of Yum! Brands from $75.00 to $82.00 and gave the company a “hold” rating in a research note on Monday, February 12th. Edward Jones raised shares of Yum! Brands from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $89.00 price target (down previously from $92.00) on shares of Yum! Brands in a research note on Friday, February 2nd. Finally, Instinet cut shares of Yum! Brands from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Fourteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $82.26.
In other Yum! Brands news, CEO Brian R. Niccol sold 2,294 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $84.90, for a total transaction of $194,760.60. Following the sale, the chief executive officer now directly owns 10,160 shares in the company, valued at approximately $862,584. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brian R. Niccol sold 1,104 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $82.37, for a total transaction of $90,936.48. Following the sale, the chief executive officer now owns 5,509 shares in the company, valued at $453,776.33. The disclosure for this sale can be found here. Insiders have sold a total of 4,343 shares of company stock valued at $361,203 in the last ninety days. 0.65% of the stock is currently owned by corporate insiders.
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About Yum! Brands
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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