Yum Brands Inc. (YUM) Given “Sell” Rating at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reiterated their sell rating on shares of Yum Brands Inc. (NYSE:YUM) in a research report report published on Wednesday morning. Goldman Sachs Group Inc. currently has a $70.00 price objective on the restaurant operator’s stock.
Other analysts also recently issued research reports about the stock. Nomura restated a buy rating on shares of Yum Brands in a report on Tuesday, July 12th. Royal Bank Of Canada restated a buy rating on shares of Yum Brands in a report on Monday, July 11th. Cowen and Company restated a buy rating on shares of Yum Brands in a report on Sunday, July 17th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Yum Brands in a research report on Sunday, July 17th. Finally, Vetr raised shares of Yum Brands from a sell rating to a buy rating and set a $95.24 price objective for the company in a research report on Monday, September 26th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $91.61.
Shares of Yum Brands (NYSE:YUM) traded down 1.78% during mid-day trading on Wednesday, reaching $87.04. The company’s stock had a trading volume of 1,373,188 shares. The firm has a market cap of $33.94 billion, a PE ratio of 26.23 and a beta of 0.76. Yum Brands has a one year low of $64.58 and a one year high of $91.99. The firm’s 50 day moving average is $89.64 and its 200 day moving average is $85.19.
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. The firm had revenue of $3.32 billion for the quarter. Yum Brands had a return on equity of 213.02% and a net margin of 10.97%. Yum Brands’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 EPS. On average, equities analysts anticipate that Yum Brands will post $3.69 earnings per share for the current fiscal 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 represents a $2.04 dividend on an annualized basis and a dividend yield of 2.30%. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, October 17th. Yum Brands’s dividend payout ratio is 55.42%.
In related news, CEO Roger G. Eaton sold 44,952 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $21,625,577.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Muktesh Pant sold 91,228 shares of the stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $89.94, for a total transaction of $8,205,046.32. Following the completion of the sale, the chief executive officer now directly owns 62,660 shares in the company, valued at approximately $5,635,640.40. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in YUM. Vanguard Group Inc. boosted its stake in Yum Brands by 1.2% in the second quarter. Vanguard Group Inc. now owns 26,606,241 shares of the restaurant operator’s stock worth $2,206,189,000 after buying an additional 326,184 shares during the period. Magellan Asset Management Ltd boosted its stake in Yum Brands by 1.5% in the second quarter. Magellan Asset Management Ltd now owns 14,062,303 shares of the restaurant operator’s stock worth $1,166,046,000 after buying an additional 203,569 shares during the period. Lone Pine Capital LLC boosted its stake in Yum Brands by 559.3% in the second quarter. Lone Pine Capital LLC now owns 9,972,255 shares of the restaurant operator’s stock worth $826,899,000 after buying an additional 8,459,686 shares during the period. Loomis Sayles & Co. L P boosted its stake in Yum Brands by 6.2% in the second quarter. Loomis Sayles & Co. L P now owns 5,811,681 shares of the restaurant operator’s stock worth $481,904,000 after buying an additional 338,573 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Yum Brands by 0.8% in the first quarter. Geode Capital Management LLC now owns 3,357,178 shares of the restaurant operator’s stock worth $274,229,000 after buying an additional 28,204 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.
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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