Yum Brands Inc. (NYSE:YUM) had its price target hoisted by analysts at Deutsche Bank AG from $83.00 to $86.00 in a report released on Friday. The firm currently has a “hold” rating on the restaurant operator’s stock. Deutsche Bank AG’s price objective indicates a potential downside of 5.41% from the company’s current price.
YUM has been the subject of a number of other reports. Credit Agricole SA reiterated an “underperform” rating and issued a $82.00 target price on shares of Yum Brands in a research note on Wednesday, June 8th. Credit Suisse Group AG reiterated a “hold” rating on shares of Yum Brands in a research note on Friday, June 17th. Vetr cut shares of Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 target price for the company. in a research note on Monday, June 20th. Nomura reiterated a “buy” rating and issued a $95.00 target price (up from $92.00) on shares of Yum Brands in a research note on Wednesday, June 22nd. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Yum Brands in a research note on Monday, July 11th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. Yum Brands currently has a consensus rating of “Hold” and an average price target of $91.26.
Yum Brands (NYSE:YUM) opened at 90.92 on Friday. The firm has a 50 day moving average of $89.66 and a 200-day moving average of $85.08. Yum Brands has a 52-week low of $64.58 and a 52-week high of $91.99. The company has a market capitalization of $35.45 billion, a price-to-earnings ratio of 27.40 and a beta of 0.76.
Yum Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Yum Brands had a net margin of 10.97% and a return on equity of 213.02%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the business earned $0.69 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. Equities analysts expect that Yum Brands will post $3.69 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be given a dividend of $0.51 per share. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, October 17th. This represents a $2.04 annualized dividend and a dividend yield of 2.24%. Yum Brands’s payout ratio is presently 55.42%.
In other Yum Brands news, insider Tracy L. Skeans sold 1,793 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $90.02, for a total value of $161,405.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Roger G. Eaton sold 44,952 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $88.53, for a total transaction of $3,979,600.56. Following the completion of the transaction, the chief executive officer now directly owns 244,274 shares in the company, valued at approximately $21,625,577.22. The disclosure for this sale can be found here. Insiders own 7.38% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of YUM. Advisory Services Network LLC boosted its position 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 worth $107,000 after buying an additional 109 shares during the last quarter. Tortoise Investment Management LLC boosted its position 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 worth $110,000 after buying an additional 125 shares during the last quarter. Zions Bancorporation boosted its position in Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock worth $121,000 after buying an additional 220 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in Yum Brands during the second quarter worth approximately $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position 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 worth $137,000 after buying an additional 1,428 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.
Yum Brands Company Profile
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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