Yum Brands Inc. (YUM) Stock Rating Reaffirmed by RBC Capital Markets
Yum Brands Inc. (NYSE:YUM)‘s stock had its “top pick” rating reiterated by stock analysts at RBC Capital Markets in a research report issued on Wednesday. They presently have a $103.00 target price on the restaurant operator’s stock. RBC Capital Markets’ target price indicates a potential upside of 17.80% from the stock’s previous close.
Several other brokerages also recently issued reports on YUM. Citigroup Inc. upped their price objective on Yum Brands from $88.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Morgan Stanley upped their price objective on Yum Brands from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 28th. Zacks Investment Research downgraded Yum Brands from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Nomura restated a “buy” rating and issued a $95.00 price objective (up from $92.00) on shares of Yum Brands in a research report on Wednesday, June 22nd. Finally, Vetr upgraded 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. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $91.61.
Yum Brands (NYSE:YUM) opened at 87.44 on Wednesday. The firm has a market capitalization of $34.09 billion, a P/E ratio of 26.35 and a beta of 0.76. Yum Brands has a 52-week low of $64.58 and a 52-week high of $91.99. The firm has a 50-day moving average price of $89.57 and a 200 day moving average price of $85.20.
Yum Brands (NYSE:YUM) last posted its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 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%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 EPS. Analysts forecast that Yum Brands will post $3.70 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Monday, October 17th. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is 55.42%.
In other Yum Brands news, insider Tracy L. Skeans sold 1,793 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available at this link. Also, VP David Eric Russell sold 5,213 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $90.00, for a total value of $469,170.00. Following the transaction, the vice president now directly owns 14,428 shares in the company, valued at approximately $1,298,520. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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. increased 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 in the last quarter. Franklin Resources Inc. increased 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 in the last quarter. 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 increased 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 in the last quarter. 76.14% of the stock is currently owned by institutional investors.
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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