Yum! Brands Given “Hold” Rating at Jefferies Group (YUM)
Yum! Brands (NYSE:YUM)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. They currently have a $63.00 target price on the stock, down from their previous target price of $67.00. Jefferies Group’s price objective would suggest a potential downside of 5.23% from the stock’s previous close.
Shares of Yum! Brands (NYSE:YUM) opened at 66.48 on Thursday. Yum! Brands has a 1-year low of $59.68 and a 1-year high of $75.13. The stock’s 50-day moving average is $71.44 and its 200-day moving average is $70.53. The company has a market cap of $29.665 billion and a P/E ratio of 21.70. Yum! Brands also was the target of some unusual options trading activity on Tuesday. Stock traders bought 15,096 call options on the company. This represents an increase of approximately 519% compared to the typical 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 (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 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.
A number of other analysts have also recently weighed in on YUM. Analysts at JPMorgan Chase & Co. cut their price target on shares of Yum! Brands from $80.00 to $77.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Seventeen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $73.19.
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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