BMO Capital Markets Boosts Yum! Brands, Inc. (YUM) Price Target to $80.00
Yum! Brands, Inc. (NYSE:YUM) had its price target increased by BMO Capital Markets from $77.00 to $80.00 in a report issued on Friday morning. The brokerage currently has a market perform rating on the restaurant operator’s stock.
Several other equities research analysts have also recently commented on the company. Robert W. Baird reaffirmed a hold rating and set a $78.00 target price on shares of Yum! Brands in a research note on Friday, September 8th. Zacks Investment Research raised Yum! Brands from a hold rating to a buy rating and set a $83.00 target price for the company in a research note on Thursday, July 20th. CIBC raised their target price on Yum! Brands from $80.00 to $85.00 and gave the stock an outperform rating in a research note on Friday, September 8th. Royal Bank Of Canada reaffirmed an outperform rating and set a $83.00 target price on shares of Yum! Brands in a research note on Monday, September 11th. Finally, Oppenheimer Holdings, Inc. raised their target price on Yum! Brands from $80.00 to $85.00 and gave the stock an outperform rating in a research note on Friday, September 8th. Twelve investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $80.95.
Shares of Yum! Brands (NYSE:YUM) opened at $78.91 on Friday. The firm has a market capitalization of $27,206.06, a PE ratio of 28.18, a PEG ratio of 2.40 and a beta of 0.86. The company has a debt-to-equity ratio of -1.55, a current ratio of 1.42 and a quick ratio of 1.41. Yum! Brands has a one year low of $59.57 and a one year high of $80.66.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. sell-side analysts expect that Yum! Brands will post 2.8 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.52%. Yum! Brands’s payout ratio is presently 37.04%.
In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the sale, the chief financial officer now directly owns 39,664 shares in the company, valued at $2,935,136. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.65% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC purchased a new position in shares of Yum! Brands in the second quarter valued at $104,000. Kistler Tiffany Companies LLC grew its position in shares of Yum! Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after purchasing an additional 7 shares in the last quarter. Founders Capital Management grew its position in shares of Yum! Brands by 164.5% in the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock valued at $121,000 after purchasing an additional 1,020 shares in the last quarter. Bruderman Asset Management LLC purchased a new position in shares of Yum! Brands in the second quarter valued at $148,000. Finally, Parallel Advisors LLC grew its position in shares of Yum! Brands by 8.9% in the second quarter. Parallel Advisors LLC now owns 2,399 shares of the restaurant operator’s stock valued at $181,000 after purchasing an additional 197 shares in the last quarter. Institutional investors own 72.15% 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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