Other equities research analysts also recently issued reports about the company. Wells Fargo cut their price target on 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 raised their price target on Yum! Brands from $75.00 to $82.00 and gave the stock a hold rating in a research note on Monday, February 12th. Edward Jones raised 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 objective (down from $92.00) on shares of Yum! Brands in a research note on Friday, February 2nd. Finally, Instinet downgraded 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, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $83.09.
YUM opened at $84.46 on Wednesday. Yum! Brands has a fifty-two week low of $63.54 and a fifty-two week high of $86.93. 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 $28,599.45, a PE ratio of 28.53, a PEG ratio of 2.06 and a beta of 0.85.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Wednesday, February 14th were given a $0.36 dividend. This is an increase from Yum! Brands’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a yield of 1.70%. The ex-dividend date was Tuesday, February 13th. Yum! Brands’s payout ratio is currently 48.65%.
In other Yum! Brands news, CEO Brian R. Niccol sold 2,294 shares of Yum! Brands stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $84.90, for a total value of $194,760.60. Following the transaction, the chief executive officer now directly owns 10,160 shares of the company’s stock, valued at approximately $862,584. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian R. Niccol sold 945 shares of Yum! Brands stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $79.90, for a total value of $75,505.50. Following the completion of the transaction, the chief executive officer now directly owns 10,785 shares in the company, valued at $861,721.50. The disclosure for this sale can be found here. Insiders own 7.38% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of YUM. Calton & Associates Inc. bought a new position in Yum! Brands in the 4th quarter worth approximately $102,000. Valeo Financial Advisors LLC acquired a new stake in shares of Yum! Brands during the 3rd quarter worth approximately $117,000. Trustcore Financial Services LLC acquired a new stake in shares of Yum! Brands during the 4th quarter worth approximately $118,000. Aevitas Wealth Management Inc. acquired a new stake in shares of Yum! Brands during the 4th quarter worth approximately $139,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Yum! Brands during the 4th quarter worth approximately $140,000. 74.94% of the stock is currently owned by institutional investors.
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Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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