Yum Brands Inc. (YUM) Upgraded to Outperform by Credit Suisse Group AG
Yum Brands Inc. (NYSE:YUM) was upgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, The Fly reports.
A number of other brokerages also recently weighed in on YUM. BTIG Research reaffirmed a “hold” rating on shares of Yum Brands in a research report on Sunday, September 4th. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $70.00 price target on shares of Yum Brands in a report on Wednesday, October 5th. Wells Fargo & Co. reissued a “market perform” rating and issued a $83.00 price target on shares of Yum Brands in a report on Monday, July 11th. Jefferies Group reissued a “hold” rating and issued a $85.00 price target on shares of Yum Brands in a report on Friday, October 7th. Finally, Cowen and Company reissued a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $92.46.
Yum Brands (NYSE:YUM) opened at 86.16 on Wednesday. The company has a market capitalization of $32.40 billion, a P/E ratio of 25.97 and a beta of 0.76. Yum Brands has a 52 week low of $64.58 and a 52 week high of $91.99. The company’s 50 day moving average price is $89.10 and its 200-day moving average price is $85.66.
Yum Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The company had revenue of $3.32 billion for the quarter. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Yum Brands’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts expect that Yum Brands will post $3.70 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.37%. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, October 17th. Yum Brands’s dividend payout ratio (DPR) is presently 51.91%.
In other Yum Brands news, insider Tracy L. Skeans sold 1,793 shares of Yum Brands stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $90.02, for a total value of $161,405.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David W. Gibbs sold 14,487 shares of Yum Brands stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $89.92, for a total transaction of $1,302,671.04. Following the completion of the sale, the chief financial officer now owns 48,261 shares in the company, valued at $4,339,629.12. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
A number of large investors have recently modified their holdings of YUM. Panagora Asset Management Inc. raised its stake 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 acquired a new stake in shares of Yum Brands during the first quarter valued at about $41,760,000. Smith Asset Management Group LP acquired a new stake in shares of Yum Brands during the second quarter valued at about $16,815,000. CWM LLC raised its stake 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 acquired a new stake in shares of Yum Brands during the first quarter valued at about $6,548,000. Hedge funds and other institutional investors own 76.09% 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.