A number of other brokerages also recently commented on YUM. BTIG Research restated a hold rating on shares of Yum Brands in a research report on Sunday, September 4th. Goldman Sachs Group Inc. restated a sell rating and issued a $70.00 price objective on shares of Yum Brands in a research report on Wednesday, October 5th. Wells Fargo & Co. restated a market perform rating and issued a $83.00 price objective on shares of Yum Brands in a research report on Monday, July 11th. Cowen and Company restated a buy rating on shares of Yum Brands in a research report on Sunday, July 17th. Finally, Credit Agricole SA restated an underperform rating and issued a $82.00 price objective on shares of Yum Brands in a research report on Thursday, July 14th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $92.11.
Yum Brands (NYSE:YUM) opened at 87.39 on Thursday. Yum Brands has a 12-month low of $64.58 and a 12-month high of $91.99. The firm has a market capitalization of $34.07 billion, a PE ratio of 26.34 and a beta of 0.76. The company has a 50-day moving average price of $89.43 and a 200-day moving average price of $85.40.
Yum Brands (NYSE:YUM) last announced its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 EPS for the quarter, missing the Zacks’ 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%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. On average, analysts predict that Yum Brands will post $3.70 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Monday, October 17th. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is 46.82%.
In other Yum Brands news, CEO Roger G. Eaton sold 44,952 shares of Yum Brands stock in a transaction on Friday, July 15th. The shares were sold at an average price of $88.53, for a total value of $3,979,600.56. Following the transaction, the chief executive officer now owns 244,274 shares in the company, valued at approximately $21,625,577.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Muktesh Pant sold 91,228 shares of Yum Brands stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $89.94, for a total transaction of $8,205,046.32. Following the completion of the transaction, the chief executive officer now owns 62,660 shares in the company, valued at approximately $5,635,640.40. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC raised its position in shares of Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock worth $107,000 after buying an additional 109 shares during the period. Tortoise Investment Management LLC raised its position in Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 125 shares during the last quarter. Zions Bancorporation raised its position in Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 220 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Yum Brands during the second quarter valued at $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in Yum Brands by 637.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,652 shares of the restaurant operator’s stock valued at $137,000 after buying an additional 1,428 shares during the last quarter. Institutional investors own 76.14% 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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