Yum Brands Inc. (YUM) Given “Hold” Rating at BTIG Research
Yum Brands Inc. (NYSE:YUM)‘s stock had its “hold” rating reissued by stock analysts at BTIG Research in a report released on Thursday.
Several other equities research analysts have also recently issued reports on YUM. Credit Agricole SA reissued an “underperform” rating and issued a $82.00 price objective on shares of Yum Brands in a research report on Wednesday, June 8th. Credit Suisse Group AG reissued a “hold” rating on shares of Yum Brands in a research report on Friday, June 17th. Vetr cut shares of Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 price objective for the company. in a research report on Monday, June 20th. Nomura reissued a “buy” rating and issued a $95.00 price objective (up from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $83.00 price objective (up from $81.00) on shares of Yum Brands in a research report on Monday, July 11th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Yum Brands presently has an average rating of “Hold” and a consensus target price of $91.61.
Shares of Yum Brands (NYSE:YUM) traded up 0.32% during midday trading on Thursday, hitting $87.72. 6,247,427 shares of the company traded hands. The company has a 50-day moving average price of $89.57 and a 200-day moving average price of $85.20. Yum Brands has a 52 week low of $64.58 and a 52 week high of $91.99. The stock has a market capitalization of $34.20 billion, a P/E ratio of 26.44 and a beta of 0.76.
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Yum Brands (NYSE:YUM) last released its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by $0.01. The company earned $3.32 billion during the quarter. Yum Brands had a net margin of 12.62% and a return on equity of 511.71%. Yum Brands’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.00 earnings per share. Analysts anticipate that Yum Brands will post $3.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.33%. The ex-dividend date is Monday, October 17th. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is currently 46.82%.
In related news, insider Tracy L. Skeans sold 1,793 shares of the firm’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $90.02, for a total transaction of $161,405.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Roger G. Eaton sold 44,952 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $88.53, for a total transaction of $3,979,600.56. Following the sale, the chief executive officer now owns 244,274 shares in the company, valued at approximately $21,625,577.22. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Lone Pine Capital LLC raised its stake in Yum Brands by 559.3% in the second quarter. Lone Pine Capital LLC now owns 9,972,255 shares of the restaurant operator’s stock valued at $826,899,000 after buying an additional 8,459,686 shares in the last quarter. Hitchwood Capital Management LP bought a new position in Yum Brands during the second quarter valued at about $91,212,000. Emerald Acquisition Ltd. bought a new position in Yum Brands during the second quarter valued at about $87,316,000. Bank of Montreal Can bought a new position in Yum Brands during the second quarter valued at about $51,915,000. Finally, Renaissance Technologies LLC bought a new position in Yum Brands during the first quarter valued at about $41,760,000. Institutional investors own 76.14% of the company’s stock.
Yum Brands Company Profile
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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