Edward Jones Reiterates Hold Rating for Yum Brands Inc. (YUM)
Yum Brands Inc. (NYSE:YUM)‘s stock had its “hold” rating restated by analysts at Edward Jones in a research report issued to clients and investors on Wednesday.
Several other equities analysts have also recently commented on YUM. Credit Agricole SA reiterated an “underperform” rating and set a $82.00 target price on shares of Yum Brands in a research note on Wednesday, June 8th. Credit Suisse Group AG reiterated a “hold” rating on shares of Yum Brands in a research note on Friday, June 17th. Vetr cut Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 target price for the company. in a research report on Monday, June 20th. Nomura reaffirmed a “buy” rating and issued a $95.00 target price (up from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $83.00 target price (up from $81.00) on shares of Yum Brands in a research report on Monday, July 11th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $91.26.
Shares of Yum Brands (NYSE:YUM) traded down 0.51% during trading on Wednesday, hitting $89.82. 1,074,342 shares of the stock traded hands. The firm’s 50-day moving average price is $89.67 and its 200-day moving average price is $85.16. Yum Brands has a 52 week low of $64.58 and a 52 week high of $91.99. The company has a market cap of $35.02 billion, a price-to-earnings ratio of 27.07 and a beta of 0.76.
Yum Brands (NYSE:YUM) last released its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 EPS for the quarter, beating the Thomson Reuters’ 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 net margin of 10.97% and a return on equity of 213.02%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. On average, equities research analysts anticipate that Yum Brands will post $3.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, October 17th. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s payout ratio is 55.42%.
In other news, insider Tracy L. Skeans sold 1,793 shares of Yum Brands stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $90.02, for a total transaction of $161,405.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP David Eric Russell sold 5,213 shares of Yum Brands stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $90.00, for a total value of $469,170.00. Following the transaction, 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. Insiders own 7.38% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its stake in Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 109 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 125 shares during the last quarter. Zions Bancorporation boosted its stake in Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 220 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in Yum Brands during the second quarter valued at approximately $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Yum Brands by 637.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,652 shares of the restaurant operator’s stock valued at $137,000 after buying an additional 1,428 shares during the last quarter. 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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