Barclays Capital Lowers Yum! Brands Price Target to $68.00 (YUM)
Investment analysts at Barclays Capital decreased their price objective on shares of Yum! Brands (NYSE:YUM) from $72.00 to $68.00 in a note issued to investors on Wednesday, American Banking & Market News reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s price target would suggest a potential downside of 5.12% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Yum! Brands in a research note to investors on Wednesday. They now have a $95.00 price target on the stock, down previously from $105.00. Separately, analysts at Oppenheimer cut their price target on shares of Yum! Brands from $80.00 to $76.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group cut their EPS estimates on shares of Yum! Brands in a research note on Tuesday. They now have a “hold” rating on the stock. Seventeen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Yum! Brands presently has a consensus rating of “Hold” and a consensus target price of $73.85.
Yum! Brands (NYSE:YUM) traded down 7.94% on Wednesday, hitting $65.64. The stock had a trading volume of 13,184,412 shares. Yum! Brands has a one year low of $59.68 and a one year high of $75.13. The stock has a 50-day moving average of $71.61 and a 200-day moving average of $70.56. The company has a market cap of $29.290 billion and a price-to-earnings ratio of 23.28. Yum! Brands also was the target of unusually large options trading on Tuesday. Stock traders bought 15,096 call options on the stock. This represents an increase of approximately 519% compared to the typical daily volume of 2,438 call options.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by $0.08. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts expect that Yum! Brands will post $3.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 1st. Stockholders of record on Friday, October 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, October 9th. This is a boost from Yum! Brands’s previous quarterly dividend of $0.34.
Yum! Brands, Inc (NYSE:YUM) is a quick service restaurant company based on number of system units, with approximately 37,000 units in more than 120 countries and territories.
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