Yum! Brands, Inc. (NYSE:YUM) PT Raised to $83.00 at UBS AG
Yum! Brands, Inc. (NYSE:YUM) had its price target increased by UBS AG from $76.00 to $83.00 in a research report sent to investors on Friday, 99wallstreet.com reports. They currently have a buy rating on the restaurant operator’s stock.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Yum! Brands from a hold rating to a buy rating and set a $85.00 price objective for the company in a report on Tuesday. BidaskClub raised Yum! Brands from a buy rating to a strong-buy rating in a report on Saturday, June 24th. Cowen and Company increased their price objective on Yum! Brands from $75.00 to $80.00 and gave the company an outperform rating in a report on Thursday, May 4th. Oppenheimer Holdings, Inc. reissued an outperform rating and set a $78.00 price objective (up from $75.00) on shares of Yum! Brands in a report on Tuesday, May 30th. Finally, Deutsche Bank AG reissued a hold rating and set a $75.00 price objective (up from $71.00) on shares of Yum! Brands in a report on Monday, July 10th. Fourteen equities research 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 company’s stock. Yum! Brands presently has an average rating of Buy and an average target price of $78.68.
Shares of Yum! Brands (YUM) traded up 0.23% on Friday, hitting $75.03. The stock had a trading volume of 2,272,138 shares. Yum! Brands has a 52 week low of $59.57 and a 52 week high of $91.99. The company has a 50-day moving average of $74.01 and a 200 day moving average of $68.62. The company has a market capitalization of $26.13 billion, a price-to-earnings ratio of 18.89 and a beta of 0.82.
Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. Yum! Brands’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. On average, equities research analysts predict that Yum! Brands will post $2.80 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, July 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Yum! Brands’s dividend payout ratio (DPR) is presently 33.15%.
In related news, CFO David W. Gibbs sold 8,125 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $68.83, for a total value of $559,243.75. Following the sale, the chief financial officer now owns 39,181 shares in the company, valued at $2,696,828.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian R. Niccol sold 1,471 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $72.64, for a total value of $106,853.44. Following the completion of the sale, the chief executive officer now owns 6,712 shares in the company, valued at approximately $487,559.68. The disclosure for this sale can be found here. Insiders sold 11,083 shares of company stock worth $775,868 in the last quarter. 7.38% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Howland Capital Management LLC increased its stake in Yum! Brands by 11.7% in the first quarter. Howland Capital Management LLC now owns 157,474 shares of the restaurant operator’s stock worth $10,063,000 after buying an additional 16,432 shares during the last quarter. South State Corp increased its stake in Yum! Brands by 13.9% in the first quarter. South State Corp now owns 56,768 shares of the restaurant operator’s stock worth $3,627,000 after buying an additional 6,931 shares during the last quarter. Windsor Capital Management LLC increased its stake in Yum! Brands by 7.6% in the first quarter. Windsor Capital Management LLC now owns 9,855 shares of the restaurant operator’s stock worth $629,000 after buying an additional 693 shares during the last quarter. Parametrica Management Ltd purchased a new stake in Yum! Brands during the first quarter worth $311,000. Finally, Wagner Bowman Management Corp increased its stake in Yum! Brands by 11.4% in the first quarter. Wagner Bowman Management Corp now owns 23,633 shares of the restaurant operator’s stock worth $1,510,000 after buying an additional 2,425 shares during the last quarter. Institutional investors and hedge funds own 73.37% of the company’s stock.
About Yum! Brands
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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