Royal Bank of Canada began coverage on shares of Yum! Brands (NYSE:YUM) in a report published on Monday, The Fly reports. The brokerage issued a sector perform rating and a $107.00 target price on the restaurant operator’s stock.
A number of other research firms have also commented on YUM. MKM Partners began coverage on shares of Yum! Brands in a research note on Tuesday, August 13th. They issued a neutral rating and a $125.00 price objective for the company. Cfra downgraded Yum! Brands from a buy rating to a hold rating in a report on Wednesday, October 30th. Evercore ISI reissued a buy rating and set a $130.00 price target on shares of Yum! Brands in a research report on Tuesday, August 13th. Citigroup set a $138.00 price objective on Yum! Brands and gave the stock a hold rating in a research note on Monday, August 12th. Finally, ValuEngine lowered Yum! Brands from a buy rating to a hold rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. Yum! Brands presently has a consensus rating of Hold and a consensus price target of $112.38.
NYSE YUM opened at $98.98 on Monday. Yum! Brands has a 1 year low of $86.40 and a 1 year high of $119.72. The company has a market cap of $29.87 billion, a PE ratio of 31.22, a PEG ratio of 2.17 and a beta of 0.46. The stock’s 50-day moving average price is $101.29 and its two-hundred day moving average price is $109.46.
Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.14). Yum! Brands had a negative return on equity of 11.69% and a net margin of 20.88%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business earned $1.04 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. On average, research analysts forecast that Yum! Brands will post 3.71 earnings per share for the current fiscal year.
Yum! Brands declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 21st that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 6.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a yield of 1.70%. Yum! Brands’s payout ratio is 53.00%.
In other Yum! Brands news, President David W. Gibbs sold 1,583 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $113.37, for a total value of $179,464.71. Following the completion of the sale, the president now directly owns 43,279 shares of the company’s stock, valued at $4,906,540.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President David W. Gibbs sold 1,578 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $110.48, for a total transaction of $174,337.44. Following the completion of the sale, the president now directly owns 42,928 shares of the company’s stock, valued at $4,742,685.44. The disclosure for this sale can be found here. Insiders have sold a total of 4,682 shares of company stock valued at $503,818 over the last ninety days. Company insiders own 0.67% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY grew its position in Yum! Brands by 18.0% during the third quarter. Metropolitan Life Insurance Co NY now owns 58,768 shares of the restaurant operator’s stock worth $6,666,000 after buying an additional 8,980 shares in the last quarter. Man Group plc raised its position in shares of Yum! Brands by 7.1% during the 3rd quarter. Man Group plc now owns 176,883 shares of the restaurant operator’s stock valued at $20,063,000 after acquiring an additional 11,787 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Yum! Brands by 334.8% in the third quarter. Voloridge Investment Management LLC now owns 170,070 shares of the restaurant operator’s stock valued at $19,291,000 after buying an additional 130,958 shares during the period. IHT Wealth Management LLC acquired a new stake in Yum! Brands in the third quarter worth $303,000. Finally, GQ Asset Management LLC lifted its position in Yum! Brands by 4.7% in the 3rd quarter. GQ Asset Management LLC now owns 4,260 shares of the restaurant operator’s stock valued at $483,000 after acquiring an additional 191 shares in the last quarter. 75.55% of the stock is currently owned by hedge funds and other institutional investors.
Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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