Yum! Brands, Inc. (YUM) Debt Trading 0.9% Lower
An issue of Yum! Brands, Inc. (NYSE:YUM) bonds fell 0.9% against their face value during trading on Tuesday. The high-yield issue of debt has a 5% coupon and will mature on June 1, 2024. The debt is now trading at $105.13 and was trading at $105.00 last week. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.
Several brokerages have weighed in on YUM. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Thursday, July 20th. CIBC raised their price objective on Yum! Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. BidaskClub upgraded Yum! Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Mizuho started coverage on Yum! Brands in a research report on Thursday, June 8th. They issued a “neutral” rating and a $74.00 price objective for the company. Finally, BMO Capital Markets lifted their price objective on Yum! Brands from $66.00 to $77.00 and gave the company a “market perform” rating in a research report on Thursday, August 3rd. Thirteen investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.89.
Yum! Brands, Inc. (NYSE:YUM) traded up 0.23% during midday trading on Tuesday, reaching $73.92. 1,980,808 shares of the company traded hands. The stock has a market capitalization of $25.49 billion, a price-to-earnings ratio of 19.62 and a beta of 0.81. Yum! Brands, Inc. has a 12 month low of $59.57 and a 12 month high of $78.14. The firm has a 50 day moving average of $75.84 and a 200-day moving average of $71.73.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the business earned $0.75 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Analysts forecast that Yum! Brands, Inc. will post $2.81 EPS for the current fiscal year.
In other news, CFO David W. Gibbs sold 8,336 shares of Yum! Brands stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total value of $616,864.00. Following the transaction, the chief financial officer now owns 39,664 shares of the company’s stock, valued at $2,935,136. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.65% of the company’s stock.
Several institutional investors have recently bought and sold shares of YUM. Acrospire Investment Management LLC acquired a new position in shares of Yum! Brands during the 2nd quarter worth about $104,000. Kistler Tiffany Companies LLC increased its position in Yum! Brands by 0.5% during the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after acquiring an additional 7 shares during the period. Founders Capital Management increased its position in Yum! Brands by 164.5% during the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after acquiring an additional 1,020 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Yum! Brands by 5.9% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock worth $130,000 after acquiring an additional 114 shares during the period. Finally, Bruderman Asset Management LLC bought a new position in Yum! Brands during the second quarter worth $148,000. Institutional investors and hedge funds own 72.06% of the company’s stock.
Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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