Yum! Brands, Inc. (YUM) Given New $75.00 Price Target at Jefferies Group LLC

Yum! Brands, Inc. (NYSE:YUM) had its price objective boosted by Jefferies Group LLC from $66.00 to $75.00 in a research note released on Friday morning. The firm currently has a hold rating on the restaurant operator’s stock. Jefferies Group also issued estimates for Yum! Brands’ Q4 2017 earnings at $0.80 EPS, FY2017 earnings at $2.81 EPS, Q1 2018 earnings at $0.71 EPS, Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.88 EPS and FY2018 earnings at $3.14 EPS.

YUM has been the subject of several other reports. Zacks Investment Research upgraded shares of Yum! Brands from a hold rating to a buy rating and set a $83.00 price target for the company in a research report on Thursday, July 20th. Robert W. Baird upped their price objective on shares of Yum! Brands from $78.00 to $83.00 and gave the company a neutral rating in a research note on Friday. CIBC upped their price objective on shares of Yum! Brands from $80.00 to $85.00 and gave the company an outperform rating in a research note on Friday, September 8th. BMO Capital Markets upped their price objective on shares of Yum! Brands from $66.00 to $77.00 and gave the company a market perform rating in a research note on Thursday, August 3rd. Finally, Cowen and Company reaffirmed a buy rating and set a $85.00 price objective on shares of Yum! Brands in a research note on Friday, September 8th. Twelve research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Yum! Brands has a consensus rating of Buy and a consensus target price of $80.95.

Yum! Brands (YUM) traded down $0.24 during midday trading on Friday, reaching $78.91. 2,583,914 shares of the company’s stock traded hands, compared to its average volume of 1,871,481. The company has a current ratio of 1.42, a quick ratio of 1.19 and a debt-to-equity ratio of -1.55. Yum! Brands has a twelve month low of $59.57 and a twelve month high of $80.66. The stock has a market capitalization of $27.21 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 2.41 and a beta of 0.88.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The company’s revenue was down 5.4% on a year-over-year basis. equities analysts expect that Yum! Brands will post 2.79 earnings per share for the current year.

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The firm 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 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 of this dividend is Tuesday, November 14th. Yum! Brands’s dividend payout ratio is 57.42%.

In other news, CFO David W. Gibbs sold 8,336 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total transaction of $616,864.00. Following the sale, the chief financial officer now owns 39,664 shares in the company, valued at $2,935,136. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 7.38% of the company’s stock.

Large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC purchased a new stake in shares of Yum! Brands during the second quarter valued at approximately $104,000. Kistler Tiffany Companies LLC grew its holdings in shares of Yum! Brands by 0.5% during the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 7 shares during the last quarter. Founders Capital Management grew its holdings in shares of Yum! Brands by 164.5% during the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 1,020 shares during the last quarter. Bruderman Asset Management LLC purchased a new stake in shares of Yum! Brands during the second quarter valued at approximately $148,000. Finally, Sun Life Financial INC grew its holdings in shares of Yum! Brands by 19,991.7% during the second quarter. Sun Life Financial INC now owns 2,411 shares of the restaurant operator’s stock valued at $178,000 after buying an additional 2,399 shares during the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.

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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