Yum Brands Inc. (YUM) PT Raised to $86.00 at Deutsche Bank AG
Yum Brands Inc. (NYSE:YUM) had its price target increased by investment analysts at Deutsche Bank AG from $83.00 to $86.00 in a research note issued on Friday. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Deutsche Bank AG’s price target indicates a potential downside of 5.41% from the stock’s previous close.
A number of other research firms have also recently issued reports on YUM. Credit Suisse Group AG restated a “neutral” rating and issued a $84.00 price objective on shares of Yum Brands in a research report on Thursday, July 14th. Sanford C. Bernstein restated an “outperform” rating and issued a $97.00 price objective on shares of Yum Brands in a research report on Thursday, July 14th. Barclays PLC restated an “equal weight” rating and issued a $83.00 price objective on shares of Yum Brands in a research report on Friday, July 15th. Vetr upgraded shares of Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price objective on the stock in a research report on Monday, September 26th. Finally, Morgan Stanley boosted their price objective on shares of Yum Brands from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 28th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $91.26.
Shares of Yum Brands (NYSE:YUM) opened at 90.92 on Friday. The company has a 50 day moving average of $89.66 and a 200-day moving average of $85.08. The firm has a market cap of $35.45 billion, a price-to-earnings ratio of 27.40 and a beta of 0.76. Yum Brands has a 12-month low of $64.58 and a 12-month high of $91.99.
Yum Brands (NYSE:YUM) last issued its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Yum Brands had a net margin of 10.97% and a return on equity of 213.02%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. Analysts predict that Yum Brands will post $3.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be issued a dividend of $0.51 per share. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Monday, October 17th. Yum Brands’s dividend payout ratio is currently 55.42%.
In other Yum Brands news, CEO Roger G. Eaton sold 44,952 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 244,274 shares in the company, valued at $21,625,577.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Roger G. Eaton sold 53,518 shares of the company’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 completion of the transaction, the chief executive officer now owns 245,736 shares of the company’s stock, valued at $22,538,905.92. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Panagora Asset Management Inc. raised its position in 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 position in Yum Brands during the first quarter worth $41,760,000. Smith Asset Management Group LP purchased a new position in Yum Brands during the second quarter worth $16,815,000. CWM LLC raised its position in 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 position in Yum Brands during the first quarter worth $6,548,000. Institutional investors and hedge funds 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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