JPMorgan Chase & Co. Lowers Yum! Brands Price Target to $77.00 (YUM)
Analysts at JPMorgan Chase & Co. lowered their price target on shares of Yum! Brands (NYSE:YUM) from $80.00 to $77.00 in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 15.82% from the company’s current price.
Yum! Brands (NYSE:YUM) traded down 6.76% during mid-day trading on Wednesday, hitting $66.48. 20,624,560 shares of the company’s stock traded hands. Yum! Brands has a 52 week low of $59.68 and a 52 week high of $75.13. The stock’s 50-day moving average is $71.61 and its 200-day moving average is $70.56. The company has a market cap of $29.665 billion and a price-to-earnings ratio of 23.28. Yum! Brands also was the recipient of some unusual options trading activity on Tuesday. Investors acquired 15,096 call options on the company. This is an increase of 519% compared to the typical daily volume of 2,438 call options.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, October 9th. The company reported $0.85 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.99 earnings per share. Yum! Brands’s revenue was down 2.9% compared to the same quarter last year. Analysts expect that Yum! Brands will post $3.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Investors of record on Friday, October 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Wednesday, October 9th. This is an increase from Yum! Brands’s previous quarterly dividend of $0.34.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital cut their price target on shares of Yum! Brands from $72.00 to $68.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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. Seventeen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $73.70.
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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