Credit Suisse Group AG Reiterates Hold Rating for Yum Brands Inc. (YUM)
Yum Brands Inc. (NYSE:YUM)‘s stock had its “hold” rating restated by research analysts at Credit Suisse Group AG in a research note issued on Thursday.
A number of other research analysts also recently issued reports on YUM. Credit Agricole SA reiterated an “underperform” rating and issued a $82.00 price target on shares of Yum Brands in a report on Wednesday, June 8th. Vetr cut Yum Brands from a “buy” rating to a “hold” rating and set a $86.90 price objective for the company. in a research report on Monday, June 20th. Nomura reissued a “buy” rating and issued a $95.00 price objective (up previously from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Deutsche Bank AG reissued a “hold” rating and issued a $83.00 price objective (up previously from $81.00) on shares of Yum Brands in a research report on Monday, July 11th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Yum Brands in a research report on Monday, July 11th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Yum Brands currently has an average rating of “Hold” and an average price target of $91.61.
Shares of Yum Brands (NYSE:YUM) traded down 1.33% during mid-day trading on Thursday, reaching $87.44. The company’s stock had a trading volume of 8,557,446 shares. Yum Brands has a 12-month low of $64.58 and a 12-month high of $91.99. The firm’s 50-day moving average price is $89.64 and its 200 day moving average price is $85.19. The firm has a market cap of $34.09 billion, a P/E ratio of 26.35 and a beta of 0.76.
Yum Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. Yum Brands had a net margin of 10.97% and a return on equity of 213.02%. The company earned $3.32 billion during the quarter. During the same quarter in the previous year, the company earned $1.00 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts expect that Yum Brands will post $3.69 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be issued a $0.51 dividend. The ex-dividend date is Monday, October 17th. 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 2.30%. Yum Brands’s dividend payout ratio is currently 55.42%.
In other Yum Brands news, VP David Eric Russell sold 5,213 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $90.00, for a total transaction of $469,170.00. Following the transaction, the vice president now directly owns 14,428 shares in the company, valued at $1,298,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Roger G. Eaton sold 53,518 shares of the company’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $91.72, for a total value of $4,908,670.96. Following the transaction, the chief executive officer now owns 245,736 shares in the company, valued at $22,538,905.92. The disclosure for this sale can be found here. 7.38% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YUM. Virginia Retirement System purchased a new position in Yum Brands during the first quarter worth approximately $572,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in Yum Brands by 0.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 58,495 shares of the restaurant operator’s stock worth $4,788,000 after buying an additional 150 shares during the period. Franklin Resources Inc. boosted its position in Yum Brands by 3.1% in the first quarter. Franklin Resources Inc. now owns 1,442,354 shares of the restaurant operator’s stock worth $118,057,000 after buying an additional 43,486 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in Yum Brands during the first quarter worth approximately $10,634,000. Finally, Advisor Partners LLC boosted its position in Yum Brands by 52.6% in the first quarter. Advisor Partners LLC now owns 4,926 shares of the restaurant operator’s stock worth $403,000 after buying an additional 1,699 shares during the period. Institutional investors own 76.14% of the company’s stock.
Yum Brands Company Profile
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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