Yum Brands Inc. (NYSE:YUM)‘s stock had its “outperform” rating restated by stock analysts at Oppenheimer Holdings Inc. in a research report issued to clients and investors on Monday. They currently have a $97.00 price objective on the restaurant operator’s stock. Oppenheimer Holdings Inc.’s price target would indicate a potential upside of 11.84% from the company’s current price.
A number of other equities research analysts also recently weighed in on YUM. JPMorgan Chase & Co. restated a “buy” rating on shares of Yum Brands in a research report on Sunday, July 17th. Royal Bank Of Canada reiterated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Cowen and Company reiterated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Bank of America Corp. reiterated a “hold” rating on shares of Yum Brands in a report on Sunday, July 17th. Finally, BTIG Research reiterated a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $92.46.
Yum Brands (NYSE:YUM) traded down 2.19% on Monday, reaching $86.73. The company had a trading volume of 4,622,916 shares. The firm has a market capitalization of $32.61 billion, a price-to-earnings ratio of 26.14 and a beta of 0.76. The company’s 50 day moving average is $89.23 and its 200-day moving average is $85.64. Yum Brands has a one year low of $64.58 and a one year high of $91.99.
Yum Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $3.32 billion for the quarter. During the same quarter last year, the firm earned $1.00 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities research analysts expect that Yum Brands will post $3.70 earnings per share for the current fiscal 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 paid a dividend of $0.51 per share. The ex-dividend date is Monday, October 17th. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.35%. Yum Brands’s payout ratio is currently 46.82%.
In other news, CEO Muktesh Pant sold 91,228 shares of the business’s 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 sale, the chief executive officer now owns 62,660 shares of the company’s stock, valued at approximately $5,635,640.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David Eric Russell sold 5,213 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $90.00, for a total transaction of $469,170.00. Following the sale, the vice president now directly owns 14,428 shares of the company’s stock, valued at approximately $1,298,520. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.
Large investors have recently modified their holdings of the stock. Lone Pine Capital LLC increased its stake in shares of Yum Brands by 559.3% in the second quarter. Lone Pine Capital LLC now owns 9,972,255 shares of the restaurant operator’s stock worth $826,899,000 after buying an additional 8,459,686 shares during the last quarter. Hitchwood Capital Management LP acquired a new stake in shares of Yum Brands during the second quarter worth about $91,212,000. Emerald Acquisition Ltd. acquired a new stake in shares of Yum Brands during the second quarter worth about $87,316,000. Bank of Montreal Can acquired a new stake in shares of Yum Brands during the second quarter worth about $51,915,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Yum Brands during the first quarter worth about $41,760,000. 76.09% of the stock is owned by hedge funds and other institutional investors.
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.
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