Yum Brands Inc. (YUM) Given “Hold” Rating at Edward Jones
Yum Brands Inc. (NYSE:YUM)‘s stock had its “hold” rating reaffirmed by research analysts at Edward Jones in a report released on Wednesday.
YUM has been the topic of several other research reports. Citigroup Inc. lifted their price target on shares of Yum Brands from $88.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, September 9th. Morgan Stanley lifted their price target on shares of Yum Brands from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 28th. Zacks Investment Research lowered shares of Yum Brands from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Nomura restated a “buy” rating and issued a $95.00 price target (up previously from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Finally, Vetr upgraded shares of Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price target on the stock in a research report on Monday, September 26th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $91.86.
Shares of Yum Brands (NYSE:YUM) traded up 0.32% on Wednesday, hitting $87.72. The company’s stock had a trading volume of 6,254,439 shares. The stock’s 50 day moving average is $89.48 and its 200-day moving average is $85.26. The company has a market cap of $34.20 billion, a price-to-earnings ratio of 26.44 and a beta of 0.76. Yum Brands has a 52 week low of $64.58 and a 52 week high of $91.99.
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Yum Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The company had revenue of $3.32 billion for the quarter. During the same quarter in the previous year, the company earned $1.00 EPS. Yum Brands’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities research analysts anticipate that Yum Brands will post $3.70 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, October 17th. This represents a $2.04 dividend on an annualized basis and a yield of 2.33%. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s payout ratio is presently 46.82%.
In other Yum Brands news, VP David Eric Russell sold 5,213 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $90.00, for a total value of $469,170.00. Following the transaction, the vice president now directly owns 14,428 shares in the company, valued at $1,298,520. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Roger G. Eaton sold 53,518 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $91.72, for a total transaction of $4,908,670.96. Following the completion of the transaction, the chief executive officer now owns 245,736 shares in the company, valued at $22,538,905.92. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC raised its position in shares of Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock worth $107,000 after buying an additional 109 shares during the last quarter. Tortoise Investment Management LLC raised its position in shares of Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock worth $110,000 after buying an additional 125 shares during the last quarter. Zions Bancorporation raised its position in shares of Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock worth $121,000 after buying an additional 220 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Yum Brands during the second quarter worth about $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Yum Brands by 637.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,652 shares of the restaurant operator’s stock worth $137,000 after buying an additional 1,428 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.
About Yum Brands
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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