Goldman Sachs Group Inc. reaffirmed their sell rating on shares of Yum Brands Inc. (NYSE:YUM) in a report issued on Wednesday morning. The brokerage currently has a $70.00 price target on the restaurant operator’s stock.
YUM has been the subject of a number of other research reports. Citigroup Inc. increased their price objective on shares of Yum Brands from $88.00 to $96.00 and gave the company a neutral rating in a research note on Friday, September 9th. Morgan Stanley increased their price objective on shares of Yum Brands from $86.00 to $96.00 and gave the company an equal weight rating in a research note on Wednesday, September 28th. Zacks Investment Research cut shares of Yum Brands from a hold rating to a sell rating in a research note on Monday, September 19th. Nomura restated a buy rating and issued a $95.00 price objective (up previously from $92.00) on shares of Yum Brands in a research note on Wednesday, June 22nd. Finally, Vetr upgraded shares of Yum Brands from a sell rating to a buy rating and set a $95.24 price objective for the company in a research note on Monday, September 26th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $92.11.
Shares of Yum Brands (NYSE:YUM) opened at 87.39 on Wednesday. The firm has a market capitalization of $34.07 billion, a price-to-earnings ratio of 26.34 and a beta of 0.76. Yum Brands has a 52 week low of $64.58 and a 52 week high of $91.99. The stock has a 50 day moving average of $89.43 and a 200-day moving average of $85.40.
Yum Brands (NYSE:YUM) last announced its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The business earned $3.32 billion during the quarter. During the same period last year, the company posted $1.00 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis. Analysts expect that Yum Brands will post $3.70 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be issued a dividend of $0.51 per share. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.33%. The ex-dividend date is Monday, October 17th. Yum Brands’s dividend payout ratio (DPR) is 46.82%.
In other news, CEO Muktesh Pant sold 91,228 shares of Yum Brands stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $89.94, for a total value of $8,205,046.32. Following the sale, the chief executive officer now directly owns 62,660 shares in the company, valued at $5,635,640.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tracy L. Skeans sold 1,793 shares of Yum Brands stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $90.02, for a total transaction of $161,405.86. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. Virginia Retirement System acquired a new stake in Yum Brands during the first quarter worth about $572,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in Yum Brands by 0.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 58,495 shares of the restaurant operator’s stock worth $4,788,000 after buying an additional 150 shares during the period. Franklin Resources Inc. increased its stake in Yum Brands by 3.1% in the first quarter. Franklin Resources Inc. now owns 1,442,354 shares of the restaurant operator’s stock worth $118,057,000 after buying an additional 43,486 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in Yum Brands during the first quarter worth about $10,634,000. Finally, Advisor Partners LLC increased its stake in Yum Brands by 52.6% in the first quarter. Advisor Partners LLC now owns 4,926 shares of the restaurant operator’s stock worth $403,000 after buying an additional 1,699 shares during the period. Institutional investors own 76.14% of the company’s stock.
About Yum Brands
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.
Receive News & Ratings for Yum Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.