Yum! Brands, Inc. (NYSE:YUM) Given Consensus Rating of “Buy” by Brokerages
Yum! Brands, Inc. (NYSE:YUM) has received an average rating of “Buy” from the twenty-nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Fourteen analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $78.64.
YUM has been the topic of several research analyst reports. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, August 1st. BidaskClub raised Yum! Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Cowen and Company raised their target price on Yum! Brands from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, May 4th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $78.00 target price (up previously from $75.00) on shares of Yum! Brands in a research report on Tuesday, May 30th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $75.00 target price (up previously from $71.00) on shares of Yum! Brands in a research report on Monday, July 10th.
In related news, CEO Brian R. Niccol sold 1,487 shares of Yum! Brands stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total value of $109,770.34. Following the sale, the chief executive officer now directly owns 6,719 shares in the company, valued at $495,996.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David W. Gibbs sold 8,125 shares of Yum! Brands stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $68.83, for a total value of $559,243.75. Following the completion of the sale, the chief financial officer now owns 39,181 shares in the company, valued at $2,696,828.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,083 shares of company stock worth $775,868. Company insiders own 0.65% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Whalerock Point Partners LLC increased its stake in Yum! Brands by 3.0% in the second quarter. Whalerock Point Partners LLC now owns 8,500 shares of the restaurant operator’s stock worth $627,000 after buying an additional 250 shares during the period. Principal Financial Group Inc. increased its stake in Yum! Brands by 1.0% in the second quarter. Principal Financial Group Inc. now owns 985,546 shares of the restaurant operator’s stock worth $72,694,000 after buying an additional 9,754 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in Yum! Brands by 19.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,212 shares of the restaurant operator’s stock worth $236,000 after buying an additional 530 shares during the period. Capital Analysts LLC increased its stake in Yum! Brands by 1.4% in the second quarter. Capital Analysts LLC now owns 16,182 shares of the restaurant operator’s stock worth $1,194,000 after buying an additional 221 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Yum! Brands during the second quarter worth $2,408,000. Hedge funds and other institutional investors own 73.75% of the company’s stock.
Shares of Yum! Brands (YUM) traded down 1.05% during trading on Tuesday, reaching $74.20. 1,409,739 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $74.25 and a 200 day moving average price of $68.76. Yum! Brands has a 12-month low of $59.57 and a 12-month high of $76.62. The company has a market capitalization of $25.84 billion, a P/E ratio of 18.69 and a beta of 0.82.
Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company earned $0.75 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. Equities analysts expect that Yum! Brands will post $2.81 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.62%. Yum! Brands’s dividend payout ratio (DPR) is presently 33.15%.
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Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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