Yum Brands’ (YUM) “Hold” Rating Reiterated at BTIG Research
Yum Brands Inc. (NYSE:YUM)‘s stock had its “hold” rating reissued by equities research analysts at BTIG Research in a note issued to investors on Thursday.
Other analysts have also recently issued reports about the stock. Nomura reissued a “buy” rating on shares of Yum Brands in a research note on Tuesday, July 12th. Royal Bank Of Canada reissued a “buy” rating on shares of Yum Brands in a research note on Monday, July 11th. Cowen and Company reaffirmed a “buy” rating on shares of Yum Brands in a research note on Sunday, July 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Yum Brands in a research note on Sunday, July 17th. Finally, Vetr raised shares of Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price objective on the stock in a research note on Monday, September 26th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $91.61.
Shares of Yum Brands (NYSE:YUM) traded up 0.50% during mid-day trading on Thursday, reaching $87.88. 5,004,835 shares of the company’s stock traded hands. The company’s 50 day moving average is $89.57 and its 200-day moving average is $85.20. Yum Brands has a 52 week low of $64.58 and a 52 week high of $91.99. The firm has a market cap of $34.26 billion, a price-to-earnings ratio of 26.49 and a beta of 0.76.
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Yum Brands (NYSE:YUM) last released its quarterly earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a return on equity of 511.71%. The company had revenue of $3.32 billion for the quarter. During the same quarter in the prior year, the business earned $1.00 earnings per share. Yum Brands’s revenue was down 3.2% compared to the same quarter last year. Equities analysts expect that Yum Brands will post $3.70 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be issued a dividend of $0.51 per share. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, October 17th. This represents a $2.04 annualized dividend and a dividend yield of 2.33%. Yum Brands’s payout ratio is presently 46.82%.
In other Yum Brands news, CEO Muktesh Pant sold 91,228 shares of Yum Brands stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $89.94, for a total value of $8,205,046.32. Following the completion of the sale, the chief executive officer now owns 62,660 shares in the company, valued at approximately $5,635,640.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Roger G. Eaton sold 44,952 shares of Yum Brands stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $88.53, for a total transaction of $3,979,600.56. Following the completion of the sale, the chief executive officer now owns 244,274 shares of the company’s stock, 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 modified their holdings of YUM. Quadrature Capital Ltd acquired a new stake in shares of Yum Brands during the first quarter valued at $5,646,000. UBS Asset Management Americas Inc. boosted its stake in shares of Yum Brands by 4.5% in the first quarter. UBS Asset Management Americas Inc. now owns 2,580,954 shares of the restaurant operator’s stock valued at $211,252,000 after buying an additional 110,616 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Yum Brands by 19,172.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 38,544 shares of the restaurant operator’s stock valued at $3,155,000 after buying an additional 38,344 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Yum Brands by 56.2% in the first quarter. Meeder Asset Management Inc. now owns 8,467 shares of the restaurant operator’s stock valued at $693,000 after buying an additional 3,048 shares during the period. Finally, BB&T Securities LLC boosted its stake in shares of Yum Brands by 125.9% in the first quarter. BB&T Securities LLC now owns 103,091 shares of the restaurant operator’s stock valued at $8,438,000 after buying an additional 57,461 shares during the period. Institutional investors and hedge funds 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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