Yum! Brands PT Raised to $75.00 at Jefferies Group (YUM)
Investment analysts at Jefferies Group lifted their price objective on shares of Yum! Brands (NYSE:YUM) from $70.00 to $75.00 in a note issued to investors on Thursday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price indicates a potential downside of 2.33% from the company’s current price.
YUM has been the subject of a number of other recent research reports. Analysts at UBS AG downgraded shares of Yum! Brands from an “overweight” rating to a “neutral” rating in a research note on Monday. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Yum! Brands from an “overweight” rating to a “neutral” rating in a research note on Monday. They now have a $80.00 price target on the stock, up previously from $77.00. Finally, analysts at Barclays raised their price target on shares of Yum! Brands from $72.00 to $83.00 in a research note on Tuesday, April 15th. They now have an “equal weight” rating on the stock. Fifteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $77.06.
Yum! Brands (NYSE:YUM) traded down 0.03% during mid-day trading on Thursday, hitting $76.79. The stock had a trading volume of 2,362,595 shares. Yum! Brands has a 52 week low of $64.08 and a 52 week high of $79.70. The stock has a 50-day moving average of $75.7 and a 200-day moving average of $72.89. The company has a market cap of $34.013 billion and a price-to-earnings ratio of 32.55. Yum! Brands also saw some unusual options trading on Tuesday. Stock investors purchased 27,939 put options on the stock. This is an increase of 968% compared to the typical daily volume of 2,615 put options.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the company posted $0.70 earnings per share. Yum! Brands’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Yum! Brands will post $3.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 2nd. Investors of record on Friday, April 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 1.93%. The ex-dividend date of this dividend is Wednesday, April 9th.
YUM! Brands, Inc (NYSE:YUM) is a quick service restaurant company based on number of system units, with over 39,000 units in more than 125 countries and territories.
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