Wells Fargo & Co. reaffirmed their market weight rating on shares of Yum Brands Inc. (NYSE:YUM) in a report published on Sunday morning. They currently have a $87.00 price target on the restaurant operator’s stock.
A number of other research firms also recently issued reports on YUM. BTIG Research reiterated a hold rating on shares of Yum Brands in a report on Sunday, September 4th. Robert W. Baird reiterated a neutral rating and set a $92.00 price objective on shares of Yum Brands in a report on Wednesday, September 7th. Oppenheimer Holdings Inc. reiterated an outperform rating and set a $97.00 price objective (up from $96.00) on shares of Yum Brands in a report on Sunday. Vetr upgraded Yum Brands from a sell rating to a buy rating and set a $95.24 price objective for the company in a report on Monday, September 26th. Finally, Royal Bank Of Canada downgraded Yum Brands from a top pick rating to an outperform rating and set a $97.00 price objective for the company. in a report on Friday, September 23rd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $91.26.
Shares of Yum Brands (NYSE:YUM) traded up 1.11% on Friday, reaching $90.81. The company’s stock had a trading volume of 3,610,802 shares. The company’s 50 day moving average is $89.64 and its 200-day moving average is $84.89. The firm has a market cap of $35.41 billion, a price-to-earnings ratio of 27.37 and a beta of 0.81. Yum Brands has a 1-year low of $64.58 and a 1-year high of $91.99.
Yum Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the 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 company earned $3.01 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities research analysts expect that Yum Brands will post $3.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be paid a $0.51 dividend. This is a positive change 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 2.25%. Yum Brands’s dividend payout ratio (DPR) is presently 55.42%.
In other news, CEO Roger G. Eaton sold 44,952 shares of Yum Brands stock in a transaction on Friday, July 15th. The stock was sold at an average price of $88.53, for a total value of $3,979,600.56. Following the transaction, the chief executive officer now owns 244,274 shares in the company, valued at approximately $21,625,577.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David Eric Russell sold 5,213 shares of Yum Brands 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 transaction, the vice president now owns 14,428 shares in the company, valued at approximately $1,298,520. The disclosure for this sale can be found here. 7.38% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Advisory Services Network LLC raised its stake in shares of 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 in the last quarter. Tortoise Investment Management LLC raised its stake in shares of 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 in the last quarter. Zions Bancorporation raised its stake in shares of 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 in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Yum Brands during the second quarter worth $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.
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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