Yum! Brands (NYSE:YUM) Price Target Raised to $133.00

Yum! Brands (NYSE:YUMFree Report) had its price target lifted by JPMorgan Chase & Co. from $130.00 to $133.00 in a report issued on Friday, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Several other analysts have also weighed in on the company. Citigroup upped their price objective on Yum! Brands from $164.00 to $166.00 and gave the company a buy rating in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Yum! Brands in a report on Thursday, October 19th. They issued a hold rating and a $131.00 price objective for the company. Stifel Nicolaus restated a hold rating and issued a $135.00 price objective on shares of Yum! Brands in a report on Thursday, January 4th. Royal Bank of Canada cut their price objective on Yum! Brands from $145.00 to $141.00 and set a sector perform rating for the company in a report on Friday. Finally, Redburn Atlantic restated a neutral rating and issued a $115.00 price objective on shares of Yum! Brands in a report on Friday, October 20th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $144.75.

Get Our Latest Analysis on Yum! Brands

Yum! Brands Stock Performance

Shares of YUM stock opened at $131.36 on Friday. Yum! Brands has a 1 year low of $115.53 and a 1 year high of $143.24. The stock has a fifty day moving average of $129.26 and a two-hundred day moving average of $127.55. The firm has a market capitalization of $36.82 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09.

Yum! Brands (NYSE:YUMGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.13). Yum! Brands had a negative return on equity of 17.76% and a net margin of 22.57%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the firm posted $1.31 EPS. The company’s revenue was up .8% compared to the same quarter last year. Equities research analysts predict that Yum! Brands will post 5.73 earnings per share for the current fiscal year.

Yum! Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Wednesday, February 21st will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 2.04%. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, February 20th. Yum! Brands’s payout ratio is presently 43.29%.

Insider Activity at Yum! Brands

In related news, VP David Eric Russell sold 9,919 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the transaction, the vice president now directly owns 18,661 shares of the company’s stock, valued at $2,419,025.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Yum! Brands news, CEO David W. Gibbs sold 3,792 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $130.17, for a total value of $493,604.64. Following the transaction, the chief executive officer now directly owns 57,325 shares of the company’s stock, valued at approximately $7,461,995.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP David Eric Russell sold 9,919 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $129.63, for a total value of $1,285,799.97. Following the completion of the transaction, the vice president now directly owns 18,661 shares in the company, valued at $2,419,025.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,194 shares of company stock valued at $2,741,662. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of YUM. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Yum! Brands by 4.2% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,689 shares of the restaurant operator’s stock worth $711,000 after acquiring an additional 229 shares in the last quarter. Adviser Investments LLC boosted its stake in shares of Yum! Brands by 13.8% during the 3rd quarter. Adviser Investments LLC now owns 1,710 shares of the restaurant operator’s stock worth $214,000 after acquiring an additional 207 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Yum! Brands by 34.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 110,261 shares of the restaurant operator’s stock worth $15,277,000 after acquiring an additional 28,336 shares in the last quarter. Steward Financial Group LLC bought a new stake in shares of Yum! Brands during the 2nd quarter worth about $151,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Yum! Brands by 10.1% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 238,262 shares of the restaurant operator’s stock worth $33,011,000 after acquiring an additional 21,860 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Company Profile

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Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It 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.

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