Yum Brands Inc. (YUM) Earns Outperform Rating from Oppenheimer Holdings Inc.
Yum Brands Inc. (NYSE:YUM)‘s stock had its “outperform” rating reissued by investment analysts at Oppenheimer Holdings Inc. in a report released on Monday. They currently have a $97.00 price target on the restaurant operator’s stock. Oppenheimer Holdings Inc.’s target price points to a potential upside of 11.84% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on the company. Robert W. Baird reaffirmed a “neutral” rating and issued a $92.00 price target on shares of Yum Brands in a report on Wednesday, September 7th. Zacks Investment Research cut Yum Brands from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Wells Fargo & Co. reiterated a “market weight” rating and set a $87.00 price objective on shares of Yum Brands in a research note on Sunday, October 2nd. Vetr lowered Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 price objective for the company. in a research note on Monday, June 20th. Finally, Nomura reiterated a “buy” rating and set a $95.00 price objective (up from $92.00) on shares of Yum Brands in a research note on Wednesday, June 22nd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Yum Brands presently has an average rating of “Hold” and an average target price of $92.46.
Shares of Yum Brands (NYSE:YUM) traded down 2.19% during midday trading on Monday, hitting $86.73. The company had a trading volume of 4,622,916 shares. The company has a market capitalization of $32.61 billion, a PE ratio of 26.14 and a beta of 0.76. Yum Brands has a 12 month low of $64.58 and a 12 month high of $91.99. The company has a 50-day moving average of $89.23 and a 200-day moving average of $85.64.
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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 analysts’ consensus estimates of $1.10 by $0.01. The business earned $3.32 billion during the quarter. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $1.00 earnings per share. Analysts predict that Yum Brands will post $3.70 earnings per share for the current year.
The business also recently declared 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. The ex-dividend date is Monday, October 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is currently 46.82%.
In related news, CFO David W. Gibbs sold 14,487 shares of the firm’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $89.92, for a total transaction of $1,302,671.04. Following the transaction, the chief financial officer now owns 48,261 shares of the company’s stock, valued at $4,339,629.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tracy L. Skeans sold 1,793 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $90.02, for a total value of $161,405.86. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. increased its stake in shares of Yum Brands by 1,512.2% in the first quarter. Panagora Asset Management Inc. now owns 425,308 shares of the restaurant operator’s stock worth $34,811,000 after buying an additional 398,927 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Yum Brands during the first quarter worth approximately $41,760,000. Smith Asset Management Group LP purchased a new stake in shares of Yum Brands during the second quarter worth approximately $16,815,000. CWM LLC increased its stake in shares of Yum Brands by 25.1% in the second quarter. CWM LLC now owns 217,409 shares of the restaurant operator’s stock worth $18,028,000 after buying an additional 43,650 shares during the last quarter. Finally, Peconic Partners LLC purchased a new stake in shares of Yum Brands during the first quarter worth approximately $6,548,000. 76.09% of the stock is currently owned by hedge funds and other institutional investors.
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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