Yum Brands Inc. (YUM) Price Target Increased to $92.00 by Analysts at Barclays PLC
Yum Brands Inc. (NYSE:YUM) had its price target boosted by Barclays PLC from $88.00 to $92.00 in a research report report published on Wednesday. They currently have an equal weight rating on the restaurant operator’s stock.
Other equities research analysts have also recently issued reports about the stock. Nomura reissued a buy rating on shares of Yum Brands in a research report on Tuesday, July 12th. Royal Bank Of Canada reissued a buy rating on shares of Yum Brands in a research report on Monday, July 11th. Cowen and Company reissued a buy rating on shares of Yum Brands in a research report on Sunday, July 17th. JPMorgan Chase & Co. reissued 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 target price on the stock in a research report on Monday, September 26th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $92.31.
Yum Brands (NYSE:YUM) opened at 88.94 on Wednesday. The company’s 50-day moving average is $89.34 and its 200-day moving average is $85.45. Yum Brands has a 52-week low of $64.58 and a 52-week high of $91.99. The firm has a market capitalization of $33.44 billion, a P/E ratio of 26.81 and a beta of 0.76.
Yum Brands (NYSE:YUM) last released its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The company earned $3.32 billion during the quarter. During the same quarter in the previous year, the company earned $1.00 earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. On average, analysts predict that Yum Brands will post $3.70 EPS for the current year.
The company also recently declared 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 is an increase from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, October 17th. This represents a $2.04 annualized dividend and a dividend yield of 2.29%. Yum Brands’s payout ratio is 46.82%.
In other news, VP David Eric Russell sold 5,213 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $90.00, for a total transaction of $469,170.00. Following the completion of the transaction, the vice president now owns 14,428 shares of the company’s stock, valued at $1,298,520. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Roger G. Eaton sold 44,952 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $88.53, for a total transaction of $3,979,600.56. Following the transaction, the chief executive officer now directly owns 244,274 shares of the company’s stock, valued at approximately $21,625,577.22. The disclosure for this sale can be found here. Insiders own 7.38% of the company’s stock.
A number of large investors have recently bought and sold shares of YUM. Advisory Services Network LLC increased 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 increased 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 increased 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 bought a new stake in Yum Brands during the second quarter valued at $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased 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. 76.14% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Yum Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum Brands Inc. and related stocks with our FREE daily email newsletter.