Robert W. Baird Reiterates $95.00 Price Target for Yum Brands Inc. (YUM)
Robert W. Baird set a $95.00 price objective on Yum Brands Inc. (NYSE:YUM) in a research report report published on Wednesday morning. The firm currently has a a hold rating on the restaurant operator’s stock.
YUM has been the subject of several other reports. Citigroup Inc. lifted their price objective on Yum Brands from $88.00 to $96.00 and gave the company a neutral rating in a report on Friday, September 9th. Jefferies Group reiterated a hold rating and issued a $85.00 target price on shares of Yum Brands in a report on Friday, October 7th. Zacks Investment Research downgraded shares of Yum Brands from a hold rating to a sell rating in a report on Monday, September 19th. Morgan Stanley boosted their target price on shares of Yum Brands from $86.00 to $96.00 and gave the stock an equal weight rating in a report on Wednesday, September 28th. Finally, Nomura reiterated a buy rating and issued a $95.00 target price (up from $92.00) on shares of Yum Brands in a report on Wednesday, June 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $92.46.
Yum Brands (NYSE:YUM) last released its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.10 by $0.01. The firm earned $3.32 billion during the quarter. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. Yum Brands’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be paid a $0.51 dividend. This is an increase from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Monday, October 17th. Yum Brands’s dividend payout ratio is currently 46.82%.
In related news, CFO David W. Gibbs sold 14,487 shares of the stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $89.92, for a total value of $1,302,671.04. Following the completion of the transaction, the chief financial officer now directly owns 48,261 shares of the company’s stock, valued at approximately $4,339,629.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David Eric Russell sold 5,213 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $90.00, for a total value of $469,170.00. Following the completion of the transaction, the vice president now directly owns 14,428 shares of the company’s stock, valued at $1,298,520. The disclosure for this sale can be found here. 7.38% of the stock is owned by corporate insiders.
A number of hedge funds and other 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 in the last quarter. Tortoise Investment Management LLC increased its stake in shares of Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock worth $110,000 after buying an additional 125 shares during the period. Zions Bancorporation increased its stake in shares of Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock worth $121,000 after buying an additional 220 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in shares of Yum Brands during the second quarter worth about $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of 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 worth $137,000 after buying an additional 1,428 shares during the period. 76.14% of the stock is owned by hedge funds and other 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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