Yum! Brands (NYSE:YUM) PT Lowered to $145.00

Yum! Brands (NYSE:YUM) had its target price trimmed by Bank of America from $147.00 to $145.00 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

Other analysts also recently issued research reports about the company. Robert W. Baird lifted their price target on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Stifel Nicolaus cut their price target on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Evercore ISI downgraded shares of Yum! Brands from an “outperform” rating to an “inline” rating and cut their target price for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Finally, Morgan Stanley lowered their price target on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $146.44.

Yum! Brands Trading Down 0.1 %

Shares of NYSE:YUM opened at $133.04 on Tuesday. The stock has a market capitalization of $37.47 billion, a P/E ratio of 23.59, a P/E/G ratio of 2.07 and a beta of 1.08. Yum! Brands has a 1-year low of $118.28 and a 1-year high of $143.20. The business has a 50-day moving average price of $134.74 and a two-hundred day moving average price of $135.09.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. During the same quarter in the prior year, the company posted $1.41 earnings per share. As a group, equities analysts predict that Yum! Brands will post 5.6 EPS for the current year.

Yum! Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. Yum! Brands’s dividend payout ratio is presently 47.52%.

Insider Activity

In other Yum! Brands news, CEO Sabir Sami sold 71,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the completion of the transaction, the chief executive officer now owns 68 shares of the company’s stock, valued at approximately $9,326.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Scott Catlett sold 8,234 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the completion of the sale, the insider now directly owns 29,159 shares in the company, valued at approximately $4,017,818.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sabir Sami sold 71,051 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total value of $9,745,355.16. Following the completion of the sale, the chief executive officer now owns 68 shares of the company’s stock, valued at $9,326.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,673 shares of company stock valued at $13,918,095. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Yum! Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YUM. Pinnacle Associates Ltd. increased its stake in Yum! Brands by 73.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 4,389 shares of the restaurant operator’s stock worth $573,000 after buying an additional 1,860 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Yum! Brands by 4.8% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 9,774 shares of the restaurant operator’s stock worth $1,366,000 after purchasing an additional 450 shares during the period. Integrated Advisors Network LLC purchased a new position in shares of Yum! Brands in the third quarter worth $254,000. Welch Group LLC boosted its position in shares of Yum! Brands by 3.7% during the third quarter. Welch Group LLC now owns 5,140 shares of the restaurant operator’s stock worth $718,000 after acquiring an additional 182 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC grew its stake in Yum! Brands by 13.7% during the third quarter. Baker Tilly Wealth Management LLC now owns 3,328 shares of the restaurant operator’s stock valued at $465,000 after acquiring an additional 401 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Company Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.