Yum! Brands Price Target Cut to $76.00 (YUM)
Stock analysts at Oppenheimer reduced their price objective on shares of Yum! Brands (NYSE:YUM) from $80.00 to $76.00 in a report issued on Wednesday, ARN reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 6.04% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Finally, analysts at Buckingham Research downgraded shares of Yum! Brands from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, August 13th. Sixteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Yum! Brands presently has a consensus rating of “Hold” and a consensus price target of $74.55.
Shares of Yum! Brands (NYSE:YUM) opened at 71.67 on Wednesday. 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 $31.981 billion and a P/E ratio of 23.28. Yum! Brands also saw unusually large options trading activity on Tuesday. Traders acquired 15,096 call options on the stock. This represents an increase of 519% compared to the average volume of 2,438 call options.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, October 9th. The company reported $0.85 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 1st. Shareholders 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 positive change 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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