Yum Brands Inc. (NYSE:YUM) had its price objective upped by Morgan Stanley from $86.00 to $96.00 in a research report sent to investors on Wednesday. The brokerage currently has an equal weight rating on the restaurant operator’s stock.
A number of other research analysts have also recently issued reports on the company. Credit Suisse Group AG lifted their target price on Yum Brands from $88.00 to $90.00 and gave the company a neutral rating in a research report on Wednesday, September 28th. Vetr upgraded Yum Brands from a sell rating to a buy rating and set a $95.24 price target on the stock in a report on Monday, September 26th. RBC Capital Markets cut Yum Brands from a top pick rating to an outperform rating and set a $97.00 price target on the stock. in a report on Friday, September 23rd. They noted that the move was a valuation call. Royal Bank Of Canada cut Yum Brands from a top pick rating to an outperform rating and set a $97.00 price target on the stock. in a report on Friday, September 23rd. Finally, Zacks Investment Research cut Yum Brands from a hold rating to a sell rating in a report on Monday, September 19th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $91.26.
Shares of Yum Brands (NYSE:YUM) opened at 90.81 on Wednesday. The company has a market capitalization of $35.41 billion, a PE 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 has a 1-year low of $64.58 and a 1-year high of $91.99.
Yum Brands (NYSE:YUM) last released its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. Yum Brands had a return on equity of 213.02% and a net margin of 10.97%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities analysts expect that Yum Brands will post $3.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Monday, October 17th. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio is 55.42%.
In other news, CEO Muktesh Pant sold 91,228 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $89.94, for a total transaction of $8,205,046.32. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Roger G. Eaton sold 53,518 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $91.72, for a total value of $4,908,670.96. Following the transaction, the chief executive officer now directly owns 245,736 shares in the company, valued at approximately $22,538,905.92. The disclosure for this sale can be found here. 7.38% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Panagora Asset Management Inc. boosted its position in shares of Yum Brands by 1,512.2% in the first quarter. Panagora Asset Management Inc. now owns 425,308 shares of the restaurant operator’s stock worth $34,811,000 after buying an additional 398,927 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Yum Brands during the first quarter worth approximately $41,760,000. Smith Asset Management Group LP purchased a new position in shares of Yum Brands during the second quarter worth approximately $16,815,000. CWM LLC boosted its position in shares of Yum Brands by 25.1% in the second quarter. CWM LLC now owns 217,409 shares of the restaurant operator’s stock worth $18,028,000 after buying an additional 43,650 shares in the last quarter. Finally, Peconic Partners LLC purchased a new position in shares of Yum Brands during the first quarter worth approximately $6,548,000. 76.14% of the stock is currently 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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