Wells Fargo & Co. Reiterates “Market Weight” Rating for Yum Brands Inc. (YUM)
Yum Brands Inc. (NYSE:YUM)‘s stock had its “market weight” rating reissued by analysts at Wells Fargo & Co. in a research note issued on Sunday. They presently have a $87.00 price target on the restaurant operator’s stock. Wells Fargo & Co.’s price target points to a potential downside of 4.20% from the company’s current price.
Several other research firms also recently weighed in on YUM. BTIG Research reissued a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Cowen and Company reissued a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Credit Agricole SA reissued an “underperform” rating and set a $82.00 price objective on shares of Yum Brands in a report on Thursday, July 14th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Finally, Deutsche Bank AG raised their price objective on Yum Brands from $83.00 to $86.00 and gave the company a “hold” rating in a report on Friday. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $91.26.
Yum Brands (NYSE:YUM) traded up 1.11% on Friday, reaching $90.81. The company’s stock had a trading volume of 3,610,802 shares. The firm’s 50-day moving average price is $89.64 and its 200-day moving average price is $84.89. Yum Brands has a 52-week low of $64.58 and a 52-week high of $91.99. The stock has a market cap of $35.41 billion, a price-to-earnings ratio of 27.37 and a beta of 0.81.
Yum Brands (NYSE:YUM) last released its quarterly earnings data on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Yum Brands had a return on equity of 213.02% and a net margin of 10.97%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the business posted $0.69 EPS. Yum Brands’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities analysts expect that Yum Brands will post $3.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Monday, October 17th. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s payout ratio is presently 55.42%.
In related news, CEO Roger G. Eaton sold 44,952 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $88.53, for a total value of $3,979,600.56. Following the transaction, the chief executive officer now owns 244,274 shares in the company, valued at $21,625,577.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Muktesh Pant sold 91,228 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $89.94, for a total value of $8,205,046.32. Following the completion of the transaction, the chief executive officer now owns 62,660 shares in the company, valued at approximately $5,635,640.40. The disclosure for this sale can be found here. 7.38% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of YUM. Advisory Services Network LLC increased its position 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 position 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 position 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 purchased a new position in Yum Brands during the second quarter valued at approximately $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position 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. Institutional investors and hedge funds own 76.14% of the company’s stock.
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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