Yum Brands’ (YUM) Outperform Rating Reiterated at Oppenheimer Holdings Inc.
Oppenheimer Holdings Inc. restated their outperform rating on shares of Yum Brands Inc. (NYSE:YUM) in a research report report published on Sunday morning. Oppenheimer Holdings Inc. currently has a $97.00 target price on the restaurant operator’s stock, up from their previous target price of $96.00.
A number of other research analysts have also recently commented on the company. Robert W. Baird reissued a neutral rating and issued a $92.00 price target on shares of Yum Brands in a report on Wednesday, September 7th. Zacks Investment Research cut Yum Brands from a hold rating to a sell rating in a report on Monday, September 19th. Vetr cut Yum Brands from a buy rating to a hold rating and set a $86.90 price objective on the stock. in a report on Monday, June 20th. Nomura reaffirmed a buy rating and set a $95.00 price objective (up from $92.00) on shares of Yum Brands in a report on Wednesday, June 22nd. Finally, Credit Suisse Group AG upped their price objective on Yum Brands from $88.00 to $90.00 and gave the stock a neutral rating in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $91.06.
Shares of Yum Brands (NYSE:YUM) traded up 1.11% on Friday, hitting $90.81. 3,610,802 shares of the stock traded hands. The firm has a 50 day moving average price of $89.64 and a 200 day moving average price of $84.89. The firm has a market cap of $35.41 billion, a PE ratio of 27.37 and a beta of 0.81. Yum Brands has a 52-week low of $64.58 and a 52-week high of $91.99.
Yum Brands (NYSE:YUM) last posted its quarterly earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $3.07 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts forecast that Yum Brands will post $3.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Wednesday, October 19th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, October 17th. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.25%. Yum Brands’s dividend payout ratio (DPR) is 55.42%.
In other news, insider Tracy L. Skeans sold 1,793 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $90.02, for a total value of $161,405.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Roger G. Eaton sold 53,518 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $91.72, for a total value of $4,908,670.96. Following the completion of the transaction, the chief executive officer now owns 245,736 shares of the company’s stock, valued at $22,538,905.92. The disclosure for this sale can be found here. 7.38% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Panagora Asset Management Inc. boosted its position in shares of Yum Brands by 1,512.2% in the first quarter. Panagora Asset Management Inc. now owns 425,308 shares of the restaurant operator’s stock valued at $34,811,000 after buying an additional 398,927 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Yum Brands during the first quarter valued at about $41,760,000. Smith Asset Management Group LP purchased a new position in shares of Yum Brands during the second quarter valued at about $16,815,000. CWM LLC boosted its position in shares of Yum Brands by 25.1% in the second quarter. CWM LLC now owns 217,409 shares of the restaurant operator’s stock valued at $18,028,000 after buying an additional 43,650 shares during the last quarter. Finally, Peconic Partners LLC purchased a new position in shares of Yum Brands during the first quarter valued at about $6,548,000. Hedge funds and other institutional investors 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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.