Yum! Brands, Inc. (YUM) Receives “Buy” Rating from Cowen and Company
Cowen and Company reissued their buy rating on shares of Yum! Brands, Inc. (NYSE:YUM) in a research report sent to investors on Friday morning. The firm currently has a $91.00 price target on the restaurant operator’s stock.
Several other research firms have also recently commented on YUM. Nomura increased their target price on Yum! Brands from $85.00 to $89.00 and gave the company a buy rating in a research note on Friday. Robert W. Baird increased their target price on Yum! Brands from $78.00 to $83.00 and gave the company a neutral rating in a research note on Friday. Jefferies Group LLC increased their target price on Yum! Brands from $66.00 to $75.00 and gave the company a hold rating in a research note on Friday. UBS Group AG (USA) reiterated a positive rating and set a $89.00 target price (up from $83.00) on shares of Yum! Brands in a research note on Friday. Finally, Royal Bank Of Canada reiterated an outperform rating and set a $83.00 target price on shares of Yum! Brands in a research note on Monday, September 11th. 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 company. The stock currently has a consensus rating of Buy and a consensus target price of $80.95.
Yum! Brands (NYSE YUM) traded down $0.24 during trading on Friday, hitting $78.91. The stock had a trading volume of 2,583,914 shares, compared to its average volume of 1,871,481. The stock has a market cap of $27.21 billion, a PE ratio of 28.27, a P/E/G ratio of 2.41 and a beta of 0.88. The company has a debt-to-equity ratio of -1.55, a quick ratio of 1.19 and a current ratio of 1.42. Yum! Brands has a 12 month low of $59.57 and a 12 month high of $80.66.
Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 EPS for the quarter, beating the Thomson Reuters’ 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 revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. equities analysts forecast that Yum! Brands will post 2.79 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Tuesday, November 14th. Yum! Brands’s dividend payout ratio (DPR) is 57.42%.
In other news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the transaction, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at $2,935,136. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.38% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Yum! Brands by 3.3% during the second quarter. Vanguard Group Inc. now owns 22,604,873 shares of the restaurant operator’s stock valued at $1,667,335,000 after buying an additional 711,910 shares in the last quarter. Magellan Asset Management Ltd boosted its stake in Yum! Brands by 2.0% during the second quarter. Magellan Asset Management Ltd now owns 15,446,852 shares of the restaurant operator’s stock valued at $1,139,360,000 after buying an additional 308,387 shares in the last quarter. FMR LLC boosted its stake in Yum! Brands by 9.2% during the second quarter. FMR LLC now owns 3,011,009 shares of the restaurant operator’s stock valued at $222,092,000 after buying an additional 254,573 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Yum! Brands by 5.9% during the second quarter. Ameriprise Financial Inc. now owns 2,405,149 shares of the restaurant operator’s stock valued at $177,414,000 after buying an additional 133,158 shares in the last quarter. Finally, Coronation Fund Managers Ltd. boosted its stake in Yum! Brands by 8.5% during the second quarter. Coronation Fund Managers Ltd. now owns 2,169,235 shares of the restaurant operator’s stock valued at $160,003,000 after buying an additional 170,386 shares in the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.
Yum! Brands Company Profile
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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