Loop Capital Cuts Yum! Brands (NYSE:YUM) Price Target to $140.00

Yum! Brands (NYSE:YUM) had its target price reduced by Loop Capital from $143.00 to $140.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

YUM has been the topic of a number of other research reports. Robert W. Baird raised their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Bank of America dropped their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. TD Cowen reaffirmed a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a report on Wednesday. Finally, Morgan Stanley lowered their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $145.94.

Yum! Brands Stock Up 0.1 %

Shares of YUM stock opened at $137.21 on Wednesday. The firm has a market capitalization of $38.58 billion, a PE ratio of 25.65, a P/E/G ratio of 2.13 and a beta of 1.10. The company has a 50 day moving average price of $134.32 and a 200-day moving average price of $134.81. Yum! Brands has a 52 week low of $123.60 and a 52 week high of $143.20.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 EPS. Analysts anticipate that Yum! Brands will post 5.54 earnings per share for the current year.

Yum! Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio (DPR) is presently 50.09%.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total value of $974,956.48. Following the sale, the chief executive officer now owns 159,132 shares in the company, valued at approximately $21,947,485.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the sale, the chief executive officer now owns 155,883 shares in the company, valued at approximately $20,955,351.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total transaction of $974,956.48. Following the completion of the sale, the chief executive officer now owns 159,132 shares in the company, valued at $21,947,485.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,622 shares of company stock worth $4,172,740. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Yum! Brands

Several large investors have recently bought and sold shares of the business. Legal & General Group Plc increased its position in Yum! Brands by 3.4% during the second quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock valued at $419,123,000 after acquiring an additional 104,328 shares during the last quarter. Marshall Wace LLP bought a new position in Yum! Brands during the second quarter valued at $7,645,000. Canada Pension Plan Investment Board increased its position in Yum! Brands by 140.1% during the second quarter. Canada Pension Plan Investment Board now owns 126,550 shares of the restaurant operator’s stock valued at $16,763,000 after acquiring an additional 73,844 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Yum! Brands by 1.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 333,131 shares of the restaurant operator’s stock valued at $44,000,000 after acquiring an additional 5,137 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in Yum! Brands by 6.1% during the first quarter. QRG Capital Management Inc. now owns 99,909 shares of the restaurant operator’s stock valued at $13,852,000 after acquiring an additional 5,719 shares during 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.