Jefferies Group restated their hold rating on shares of Yum Brands Inc. (NYSE:YUM) in a research report sent to investors on Friday. Jefferies Group currently has a $85.00 target price on the restaurant operator’s stock.
YUM has been the topic of a number of other 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 report 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 report on Wednesday, September 28th. Zacks Investment Research downgraded shares of Yum Brands from a hold rating to a sell rating in a research report on Monday, September 19th. Nomura reissued a buy rating and issued a $95.00 price objective (up from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Finally, Vetr raised shares of Yum Brands from a sell rating to a buy rating and set a $95.24 price objective on the stock in a research report on Monday, September 26th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $92.11.
Shares of Yum Brands (NYSE:YUM) traded up 0.15% on Friday, hitting $87.85. 2,764,960 shares of the company traded hands. The stock’s 50-day moving average price is $89.48 and its 200-day moving average price is $85.26. The company has a market capitalization of $34.25 billion, a PE ratio of 26.48 and a beta of 0.76. Yum Brands has a 12 month low of $64.58 and a 12 month high of $91.99.
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. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The firm earned $3.32 billion during the quarter. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts predict that Yum Brands will post $3.70 earnings per share for the current year.
The company also recently declared 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. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Monday, October 17th. Yum Brands’s dividend payout ratio (DPR) is currently 46.82%.
In other Yum Brands news, insider Tracy L. Skeans sold 1,793 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $90.02, for a total transaction of $161,405.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David Eric Russell sold 5,213 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was 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 in the company, valued at $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 added to or reduced their stakes in the company. Advisory Services Network LLC boosted its stake in Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 109 shares in the last quarter. Tortoise Investment Management LLC boosted its stake 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 in the last quarter. Zions Bancorporation boosted its stake 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 in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in Yum Brands during the second quarter valued at about $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake 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 in the last quarter. 76.14% of the stock is currently owned by 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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