Oppenheimer Holdings Inc. reiterated their outperform rating on shares of Yum Brands Inc. (NYSE:YUM) in a research note published on Sunday morning. Oppenheimer Holdings Inc. currently has a $97.00 price objective on the restaurant operator’s stock, up from their prior price objective of $96.00.
YUM has been the subject of a number of other reports. BTIG Research reaffirmed a hold rating on shares of Yum Brands in a research note on Sunday, September 4th. Robert W. Baird reaffirmed a neutral rating and issued a $92.00 price target on shares of Yum Brands in a research note on Wednesday, September 7th. Vetr raised shares of Yum Brands from a sell rating to a buy rating and set a $95.24 price target for the company in a research note on Monday, September 26th. Royal Bank Of Canada lowered shares of Yum Brands from a top pick rating to an outperform rating and set a $97.00 price target for the company. in a research note on Friday, September 23rd. Finally, RBC Capital Markets lowered shares of Yum Brands from a top pick rating to an outperform rating and set a $97.00 price target for the company. in a research note on Friday, September 23rd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $91.06.
Shares of Yum Brands (NYSE:YUM) traded up 1.11% during mid-day trading on Friday, hitting $90.81. The stock had a trading volume of 3,610,802 shares. Yum Brands has a 12-month low of $64.58 and a 12-month high of $91.99. The stock has a market cap of $35.41 billion, a P/E ratio of 27.37 and a beta of 0.81. The company’s 50 day moving average price is $89.64 and its 200 day moving average price is $84.89.
Yum Brands (NYSE:YUM) last posted its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. Yum Brands had a net margin of 10.97% and a return on equity of 213.02%. The firm earned $3.01 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. Yum Brands’s quarterly revenue was down 3.1% on a year-over-year basis. Equities research analysts predict that Yum Brands will post $3.69 EPS for the current fiscal 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. The ex-dividend date is Monday, October 17th. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.25%. Yum Brands’s dividend payout ratio is 55.42%.
In other Yum Brands news, VP David Eric Russell sold 5,213 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $90.00, for a total value of $469,170.00. Following the completion of the sale, the vice president now directly owns 14,428 shares of the company’s stock, valued at approximately $1,298,520. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Tracy L. Skeans sold 1,793 shares of the stock in a transaction 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 company insiders.
A number of hedge funds 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 period. Hitchwood Capital Management LP acquired a new position in Yum Brands during the second quarter worth approximately $91,212,000. Emerald Acquisition Ltd. acquired a new position in Yum Brands during the second quarter worth approximately $87,316,000. Bank of Montreal Can acquired a new position in Yum Brands during the second quarter worth approximately $51,915,000. Finally, Renaissance Technologies LLC acquired a new position in Yum Brands during the first quarter worth approximately $41,760,000. 76.14% 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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