Yum Brands Inc. (YUM) Given a $95.00 Price Target at Robert W. Baird
Yum Brands Inc. (NYSE:YUM) received a $95.00 target price from research analysts at Robert W. Baird in a research report issued on Wednesday. The brokerage presently has a a “hold” rating on the restaurant operator’s stock. Robert W. Baird’s target price would suggest a potential upside of 6.81% from the company’s current price.
Several other brokerages have also recently commented on YUM. BTIG Research reiterated a “hold” rating on shares of Yum Brands in a research report on Sunday, September 4th. Wells Fargo & Co. reiterated a “market weight” rating and set a $87.00 price target on shares of Yum Brands in a research report on Sunday, October 2nd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $97.00 price target (up from $96.00) on shares of Yum Brands in a research report on Sunday, October 2nd. Vetr upgraded Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price target for the company in a research report on Monday, September 26th. Finally, Royal Bank Of Canada cut Yum Brands from a “top pick” rating to an “outperform” rating and set a $97.00 price target for the company. in a research report on Friday, September 23rd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $92.46.
Yum Brands (NYSE:YUM) traded up 1.16% during mid-day trading on Wednesday, hitting $89.97. The stock had a trading volume of 2,960,819 shares. The firm’s 50-day moving average price is $89.34 and its 200 day moving average price is $85.45. The company has a market cap of $33.83 billion, a PE ratio of 27.12 and a beta of 0.76. Yum Brands has a one year low of $64.58 and a one year high of $91.99.
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Yum Brands (NYSE:YUM) last issued 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 negative return on equity of 589.18% and a net margin of 12.62%. The firm had revenue of $3.32 billion for the quarter. During the same period last year, the firm earned $1.00 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Yum Brands will post $3.70 EPS for the current 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 paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, October 17th. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is currently 46.82%.
In related news, CEO Roger G. Eaton sold 53,518 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $91.72, for a total transaction of $4,908,670.96. Following the transaction, the chief executive officer now owns 245,736 shares in the company, valued at approximately $22,538,905.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Muktesh Pant sold 91,228 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $89.94, for a total value of $8,205,046.32. Following the transaction, the chief executive officer now owns 62,660 shares in the company, valued at approximately $5,635,640.40. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lone Pine Capital LLC increased its position 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 worth $826,899,000 after buying an additional 8,459,686 shares in the last quarter. Hitchwood Capital Management LP bought a new position in shares of Yum Brands during the second quarter valued at $91,212,000. Emerald Acquisition Ltd. bought a new position in shares of Yum Brands during the second quarter valued at $87,316,000. Bank of Montreal Can bought a new position in shares of Yum Brands during the second quarter valued at $51,915,000. Finally, Renaissance Technologies LLC bought a new position in shares of Yum Brands during the first quarter valued at $41,760,000. 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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