Yum Brands Inc. (YUM) Price Target Increased to $92.00 by Analysts at Barclays PLC
Yum Brands Inc. (NYSE:YUM) had its target price increased by equities researchers at Barclays PLC from $88.00 to $92.00 in a report issued on Wednesday. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays PLC’s price target indicates a potential upside of 4.25% from the company’s current price.
Several other research firms also recently issued reports on YUM. BTIG Research reiterated a “hold” rating on shares of Yum Brands in a research note on Sunday, September 4th. Robert W. Baird reissued a “neutral” rating and set a $92.00 target price on shares of Yum Brands in a research report on Wednesday, September 7th. Wells Fargo & Co. reissued a “market weight” rating and set a $87.00 target price on shares of Yum Brands in a research report on Sunday, October 2nd. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $97.00 target price (up from $96.00) on shares of Yum Brands in a research report on Sunday, October 2nd. Finally, Vetr raised shares of Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 target price on the stock in a research report on Monday, September 26th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $92.31.
Shares of Yum Brands (NYSE:YUM) opened at 88.25 on Wednesday. The stock has a market cap of $33.18 billion, a PE ratio of 26.60 and a beta of 0.76. The stock has a 50 day moving average of $89.38 and a 200 day moving average of $85.42. Yum Brands has a 1-year low of $64.58 and a 1-year high of $91.99.
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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. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The business had revenue of $3.32 billion for the quarter. During the same period in the prior year, the company posted $1.00 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities research analysts forecast that Yum Brands will post $3.70 EPS for the current 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 given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend 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 is currently 46.82%.
In related news, CEO Roger G. Eaton sold 53,518 shares of the stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $91.72, for a total value 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 approximately $22,538,905.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Roger G. Eaton sold 44,952 shares of the stock in a transaction dated 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 completion of the transaction, 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. 7.38% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC increased its stake 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 increased its stake 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 increased its stake 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 acquired a new stake in shares of Yum Brands during the second quarter worth $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake 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.
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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