Yum Brands Inc. (YUM) Earns Outperform Rating from Oppenheimer Holdings Inc.
Yum Brands Inc. (NYSE:YUM)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Oppenheimer Holdings Inc. in a report released on Sunday. They currently have a $97.00 target price on the restaurant operator’s stock, up from their previous target price of $96.00. Oppenheimer Holdings Inc.’s price objective indicates a potential upside of 6.82% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Barclays PLC reiterated an “equal weight” rating and set a $83.00 target price on shares of Yum Brands in a report on Friday, July 15th. Cowen and Company restated a “buy” rating on shares of Yum Brands in a research note on Sunday, July 17th. Royal Bank Of Canada restated a “buy” rating on shares of Yum Brands in a research note on Sunday, July 17th. JPMorgan Chase & Co. restated a “buy” rating on shares of Yum Brands in a research note on Sunday, July 17th. Finally, Bank of America Corp. restated a “hold” rating on shares of Yum Brands in a research note on Sunday, July 17th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $91.06.
Yum Brands (NYSE:YUM) opened at 90.81 on Friday. The company has a market capitalization of $35.41 billion, a price-to-earnings ratio of 27.37 and a beta of 0.81. The company’s 50-day moving average price is $89.64 and its 200 day moving average price is $84.89. Yum Brands has a 52 week low of $64.58 and a 52 week high of $91.99.
Yum Brands (NYSE:YUM) last released its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The firm earned $3.01 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Yum Brands had a return on equity of 213.02% and a net margin of 10.97%. The company’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. On average, analysts predict that Yum Brands will post $3.69 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be given a $0.51 dividend. The ex-dividend date is Monday, October 17th. This represents a $2.04 dividend on an annualized basis and a yield of 2.25%. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is currently 55.42%.
In other Yum Brands news, CEO Roger G. Eaton sold 44,952 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $88.53, for a total value of $3,979,600.56. Following the sale, the chief executive officer now owns 244,274 shares in the company, valued at $21,625,577.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Eric Russell sold 5,213 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,298,520. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Panagora Asset Management Inc. raised 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 in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Yum Brands during the first quarter worth approximately $41,760,000. Smith Asset Management Group LP acquired a new position in shares of Yum Brands during the second quarter worth approximately $16,815,000. CWM LLC raised its position 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 period. Finally, Peconic Partners LLC acquired a new position in shares of Yum Brands during the first quarter worth approximately $6,548,000. 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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