Shares of Yum! Brands, Inc. (NYSE:YUM – Get Rating) has an average “Buy” recommendation from the eighteen brokerages that currently cover the company, MarketBeat reports. Six equity research analysts gave the stock a hold rating and eight gave the company a buy rating. The 12-month average price target among brokers who have reported on the stock over the past year is $137.79.
Several brokerages have recently published reports on YUM. Credit Suisse Group has lowered its price target on shares of Yum! Marks $137.00-$130.00 in a research note from Thursday, May 5. StockNews.com has started covering shares of Yum! Brands in a Thursday, March 31, research note. They issued a “holding” rating for the company. Deutsche Bank Aktiengesellschaft lowered its price target on shares of Yum! Marks $142.00 to $136.00 in a Thursday, May 5 report. BMO Capital Markets lowered its price target on shares of Yum! Marks from $140.00 to $130.00 in a Thursday, May 5 report. Finally, Barclays lowered its price target on shares of Yum! The marks $124.00 to $120.00 and set an “equal weight” rating on the stock in a Thursday, June 9 report.
NYSE: YUM traded at $0.36 in Friday’s midday session, hitting $109.50. The stock recorded a trading volume of 2,587,308 shares, against an average volume of 1,348,560. Yum! Brands has a 12-month low of $108.37 and a 12-month high of $139.85. The stock has a market capitalization of $31.23 billion, a price/earnings ratio of 19.87, a PEG ratio of 2.01 and a beta of 1.03. The company’s 50-day simple moving average is $116.63 and its 200-day simple moving average is $122.34.
Yum! Brands (NYSE:YUM – Get Rating) last released its results on Wednesday, May 4. The restaurateur reported earnings per share (EPS) of $1.05 for the quarter, missing the consensus estimate of $1.07 per ($0.02). Yum! The brands had a net margin of 24.80% and a negative return on equity of 16.34%. The company posted revenue of $1.55 billion in the quarter, compared to analysts’ estimates of $1.59 billion. In the same quarter last year, the company posted earnings per share of $1.07. The company’s revenue for the quarter increased 4.1% year over year. Stock analysts predict that Yum! Brands will post 4.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 10. Shareholders of record on Monday, May 30 received a dividend of $0.57 per share. The ex-dividend date was Thursday, May 26. This represents an annualized dividend of $2.28 and a dividend yield of 2.08%. Yum! Brands’ dividend payout ratio is currently 41.38%.
Several institutional investors and hedge funds have recently changed their positions in the company. BlackRock Inc. increased its stake in Yum! Marks 28.4% in the fourth quarter. BlackRock Inc. now owns 24,554,583 shares of the restaurant owner valued at $3,409,651,000 after acquiring 5,430,918 additional shares in the last quarter. State Street Corp increased its stake in Yum! Marks 3.3% in the fourth quarter. State Street Corp now owns 12,660,880 shares of the restaurateur valued at $1,758,090,000 after acquiring 399,872 additional shares in the last quarter. Capital World Investors increased its stake in Yum! Marks 19.6% in the first quarter. Capital World Investors now owns 5,507,237 shares of the restaurateur valued at $652,773,000 after acquiring 901,181 additional shares in the last quarter. Capital International Investors increased its stake in Yum! Marks 1.6% in the first quarter. Capital International Investors now owns 4,365,517 shares of the restaurateur valued at $517,792,000 after acquiring 67,468 additional shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Yum! Marks 15.9% in the first quarter. Victory Capital Management Inc. now owns 4,066,497 shares of the restaurateur valued at $481,372,000 after acquiring an additional 558,053 shares in the last quarter. 79.23% of the shares are currently held by institutional investors.
About Yum! Brands (Get a rating)
YUM! Brands, Inc., together with its subsidiaries, develops, operates and franchises quick service restaurants worldwide. It operates through four segments: KFC Division, Taco Bell Division, Pizza Hut Division and Habit Burger Grill Division. The Company operates restaurants under the KFC, Pizza Hut, Taco Bell and The Habit Burger Grill brands, which specialize in chicken, pizza, grilled-to-order burgers, sandwiches, Mexican-style food categories and diners. other food products.
Get news and reviews for Yum! Daily Brands – Enter your email address below to receive a concise daily summary of the latest news and analyst notes for Yum! Brands and related companies with MarketBeat.com’s FREE daily email newsletter.