Yum! Brands (NYSE:YUM) Earns Neutral Rating from Analysts at MKM Partners

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MKM Partners started coverage on shares of Yum! Brands (NYSE:YUM) in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $125.00 price objective on the restaurant operator’s stock.

YUM has been the topic of a number of other research reports. Credit Suisse Group assumed coverage on shares of Yum! Brands in a research report on Tuesday, June 25th. They set a neutral rating and a $106.00 target price on the stock. Morgan Stanley raised their target price on shares of Yum! Brands from $106.00 to $112.00 and gave the company an equal weight rating in a research report on Friday, August 2nd. Evercore ISI reissued a buy rating and set a $130.00 target price on shares of Yum! Brands in a research report on Tuesday. BMO Capital Markets raised their price target on shares of Yum! Brands to $112.00 and gave the company a market perform rating in a report on Friday, August 2nd. They noted that the move was a valuation call. Finally, Citigroup raised their price target on shares of Yum! Brands from $103.00 to $105.00 and gave the company a neutral rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $110.65.

NYSE YUM opened at $116.40 on Tuesday. The company has a market capitalization of $35.49 billion, a price-to-earnings ratio of 36.72, a price-to-earnings-growth ratio of 2.46 and a beta of 0.53. The company’s 50-day simple moving average is $113.29 and its two-hundred day simple moving average is $103.87. Yum! Brands has a one year low of $83.06 and a one year high of $119.72.

Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. As a group, equities research analysts expect that Yum! Brands will post 3.87 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 19th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, August 16th. Yum! Brands’s dividend payout ratio is currently 53.00%.

In related news, insider Tracy L. Skeans sold 6,049 shares of Yum! Brands stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $110.00, for a total value of $665,390.00. Following the completion of the sale, the insider now directly owns 9,106 shares in the company, valued at approximately $1,001,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Greg Creed sold 44,949 shares of Yum! Brands stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $105.82, for a total transaction of $4,756,503.18. Following the completion of the sale, the chief executive officer now owns 158,745 shares of the company’s stock, valued at $16,798,395.90. The disclosure for this sale can be found here. Insiders sold a total of 56,755 shares of company stock worth $6,072,849 over the last 90 days. Company insiders own 0.67% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in YUM. Howe & Rusling Inc. acquired a new stake in Yum! Brands in the 1st quarter worth approximately $25,000. Liberty Wealth Management LLC boosted its stake in Yum! Brands by 302.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 290 shares in the last quarter. Certified Advisory Corp acquired a new stake in Yum! Brands in the 2nd quarter worth approximately $44,000. Motco boosted its stake in Yum! Brands by 74.6% in the 1st quarter. Motco now owns 468 shares of the restaurant operator’s stock worth $47,000 after purchasing an additional 200 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new stake in Yum! Brands in the 1st quarter worth approximately $50,000. Institutional investors own 74.97% of the company’s stock.

About Yum! Brands

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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Analyst Recommendations for Yum! Brands (NYSE:YUM)

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