RBC Capital Markets reiterated their top pick rating on shares of Yum Brands Inc. (NYSE:YUM) in a research note released on Wednesday. The brokerage currently has a $103.00 price target on the restaurant operator’s stock.
YUM has been the subject of several other reports. Citigroup Inc. increased their target price on Yum Brands from $88.00 to $96.00 and gave the company a neutral rating in a report on Friday, September 9th. Morgan Stanley upped their price target on 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 lowered Yum Brands from a hold rating to a sell rating in a research report on Monday, September 19th. Nomura reaffirmed a buy rating and set a $95.00 price target (up previously from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Finally, Vetr raised Yum Brands from a sell rating to a buy rating and set a $95.24 price target for the company in a research report on Monday, September 26th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $91.61.
Shares of Yum Brands (NYSE:YUM) traded down 1.78% during mid-day trading on Wednesday, hitting $87.04. The stock had a trading volume of 1,373,188 shares. The firm has a market capitalization of $33.94 billion, a PE ratio of 26.23 and a beta of 0.76. Yum Brands has a 1-year low of $64.58 and a 1-year high of $91.99. The stock’s 50-day moving average is $89.64 and its 200-day moving average is $85.19.
Yum Brands (NYSE:YUM) last issued its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.10 by $0.01. The company had revenue of $3.32 billion for the quarter. Yum Brands had a net margin of 10.97% and a return on equity of 213.02%. Yum Brands’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 EPS. Equities analysts expect that Yum Brands will post $3.69 earnings per share for the current year.
The firm 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 dividend of $0.51 per share. The ex-dividend date is Monday, October 17th. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.30%. Yum Brands’s dividend payout ratio (DPR) is currently 55.42%.
In other news, CEO Roger G. Eaton sold 53,518 shares of Yum Brands stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $91.72, for a total value of $4,908,670.96. Following the sale, the chief executive officer now directly owns 245,736 shares of the company’s stock, valued at $22,538,905.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tracy L. Skeans sold 1,793 shares of Yum Brands stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $90.02, for a total value of $161,405.86. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.
Large investors have recently modified their holdings of the company. Advisory Services Network LLC boosted 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 valued at $107,000 after buying an additional 109 shares during the period. Tortoise Investment Management LLC boosted 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 valued at $110,000 after buying an additional 125 shares during the period. Zions Bancorporation boosted 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 valued at $121,000 after buying an additional 220 shares during the period. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Yum Brands during the second quarter valued at about $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted 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 valued at $137,000 after buying an additional 1,428 shares during the period. 76.14% of the stock is currently owned by hedge funds and other 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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