Yum Brands Inc. (NYSE:YUM)‘s stock had its “equal weight” rating restated by stock analysts at Barclays PLC in a research note issued on Saturday. They currently have a $88.00 target price on the restaurant operator’s stock. Barclays PLC’s price objective would indicate a potential upside of 0.32% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Yum Brands in a research report on Sunday, July 17th. Royal Bank Of Canada restated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Cowen and Company restated a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Bank of America Corp. restated a “hold” rating on shares of Yum Brands in a report on Sunday, July 17th. Finally, BTIG Research restated a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Yum Brands currently has a consensus rating of “Hold” and an average target price of $91.86.
Shares of Yum Brands (NYSE:YUM) opened at 87.72 on Friday. Yum Brands has a 52 week low of $64.58 and a 52 week high of $91.99. The firm has a market capitalization of $34.20 billion, a price-to-earnings ratio of 26.44 and a beta of 0.76. The firm’s 50-day moving average price is $89.48 and its 200 day moving average price is $85.26.
Yum Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a return on equity of 511.71%. The firm had revenue of $3.32 billion for the quarter. During the same quarter in the previous year, the business posted $1.00 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, analysts anticipate that Yum Brands will post $3.70 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.33%. 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 payout ratio is currently 46.82%.
In related news, insider Tracy L. Skeans sold 1,793 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $90.02, for a total transaction of $161,405.86. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Roger G. Eaton sold 44,952 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were 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 disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Burke & Herbert Bank & Trust Co. raised its stake in Yum Brands by 13.2% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 5,469 shares of the restaurant operator’s stock valued at $497,000 after buying an additional 636 shares in the last quarter. Washington Trust Bank raised its stake in Yum Brands by 1.3% in the third quarter. Washington Trust Bank now owns 2,028 shares of the restaurant operator’s stock valued at $184,000 after buying an additional 26 shares in the last quarter. LVM Capital Management Ltd. MI bought a new stake in Yum Brands during the third quarter valued at $207,000. Cullinan Associates Inc. raised its stake in Yum Brands by 4.7% in the third quarter. Cullinan Associates Inc. now owns 67,150 shares of the restaurant operator’s stock valued at $6,098,000 after buying an additional 3,000 shares in the last quarter. Finally, Williams Jones & Associates LLC bought a new stake in Yum Brands during the second quarter valued at $459,000. Institutional investors own 76.14% of the company’s stock.
Yum Brands Company Profile