Yum! Brands, Inc. (YUM) Price Target Raised to $89.00

Yum! Brands, Inc. (NYSE:YUM) had its price target raised by Nomura from $85.00 to $89.00 in a research note published on Friday morning. Nomura currently has a buy rating on the restaurant operator’s stock.

A number of other research firms have also recently issued reports on YUM. Robert W. Baird reaffirmed a hold rating and issued a $78.00 price target on shares of Yum! Brands in a report on Friday, September 8th. Zacks Investment Research raised Yum! Brands from a hold rating to a buy rating and set a $83.00 price target for the company in a report on Thursday, July 20th. CIBC lifted their price target on Yum! Brands from $80.00 to $85.00 and gave the company an outperform rating in a report on Friday, September 8th. Royal Bank Of Canada reaffirmed an outperform rating and issued a $83.00 price target on shares of Yum! Brands in a report on Monday, September 11th. Finally, Oppenheimer Holdings, Inc. lifted their price target on Yum! Brands from $80.00 to $85.00 and gave the company an outperform rating in a report on Friday, September 8th. Twelve research 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’s stock. The stock presently has an average rating of Buy and an average price target of $80.95.

Yum! Brands (YUM) opened at $78.91 on Friday. The stock has a market capitalization of $27,206.06, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. Yum! Brands has a twelve month low of $59.57 and a twelve month high of $80.66. The company has a debt-to-equity ratio of -1.55, a quick ratio of 1.41 and a current ratio of 1.42.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ 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 last year, the business earned $1.09 earnings per share. equities research analysts anticipate that Yum! Brands will post 2.8 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.30 per share. 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 currently 37.04%.

In related news, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 39,664 shares in the company, valued at approximately $2,935,136. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC acquired a new position in shares of Yum! Brands in the 2nd quarter valued at approximately $104,000. Kistler Tiffany Companies LLC grew its position in shares of Yum! Brands by 0.5% in the 2nd 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 during the period. Founders Capital Management grew its position in shares of Yum! Brands by 164.5% in the 2nd 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 during the period. Bruderman Asset Management LLC acquired a new position in shares of Yum! Brands in the 2nd quarter valued at approximately $148,000. Finally, Parallel Advisors LLC grew its position in shares of Yum! Brands by 8.9% in the 2nd 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 during the period. Institutional investors and hedge funds own 72.15% 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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