Yum Brands Inc. (YUM) PT Raised to $92.00
Yum Brands Inc. (NYSE:YUM) had its price target lifted by equities research analysts at Barclays PLC from $88.00 to $92.00 in a research report issued to clients and investors on Saturday. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays PLC’s price target points to a potential upside of 4.25% from the company’s current price.
Other analysts also recently issued reports about the stock. Citigroup Inc. raised their price objective on shares of Yum Brands from $88.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Jefferies Group restated a “hold” rating and set a $85.00 price objective on shares of Yum Brands in a research report on Friday, October 7th. Morgan Stanley raised their price objective on shares of Yum Brands from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 28th. Zacks Investment Research downgraded shares of Yum Brands from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Finally, Nomura restated a “buy” rating and set a $95.00 price objective (up from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $92.31.
Yum Brands (NYSE:YUM) traded up 1.12% during mid-day trading on Friday, reaching $89.24. 2,389,122 shares of the company’s stock traded hands. Yum Brands has a 12-month low of $64.58 and a 12-month high of $91.99. The stock has a 50-day moving average price of $89.38 and a 200-day moving average price of $85.42. The stock has a market capitalization of $33.55 billion, a PE ratio of 26.90 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 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The business earned $3.32 billion during the quarter. During the same quarter in the previous year, the firm earned $1.00 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities research analysts expect that Yum Brands will post $3.70 EPS for the current year.
The business also recently disclosed 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 a positive change 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 dividend on an annualized basis and a yield of 2.31%. Yum Brands’s dividend payout ratio (DPR) is presently 46.82%.
In other news, insider Tracy L. Skeans sold 1,793 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $90.02, for a total value of $161,405.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $469,170.00. Following the completion of the sale, the vice president now owns 14,428 shares of the company’s stock, valued at approximately $1,298,520. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
Several large investors have recently bought and sold shares of YUM. Virginia Retirement System acquired a new stake in Yum Brands during the first quarter valued at approximately $572,000. Franklin Resources Inc. raised its stake in Yum Brands by 3.1% in the first quarter. Franklin Resources Inc. now owns 1,442,354 shares of the restaurant operator’s stock valued at $118,057,000 after buying an additional 43,486 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in Yum Brands during the first quarter valued at approximately $10,634,000. Advisor Partners LLC raised its stake in Yum Brands by 52.6% in the first quarter. Advisor Partners LLC now owns 4,926 shares of the restaurant operator’s stock valued at $403,000 after buying an additional 1,699 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its stake in Yum Brands by 34.0% in the first quarter. Landscape Capital Management L.L.C. now owns 40,393 shares of the restaurant operator’s stock valued at $3,306,000 after buying an additional 10,243 shares in the last quarter. Institutional investors and hedge funds 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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