Yum! Brands (NYSE:YUM) Earns Neutral Rating from Analysts at Goldman Sachs Group

Goldman Sachs Group initiated coverage on shares of Yum! Brands (NYSE:YUM) in a research report report published on Monday, July 29th, 24/7 WallStreet reports. The brokerage issued a neutral rating and a $115.00 price objective on the restaurant operator’s stock.

Other research analysts have also recently issued reports about the stock. UBS Group increased their price target on shares of Yum! Brands from $105.00 to $112.00 and gave the company a buy rating in a research report on Wednesday, May 29th. Citigroup increased their price target on shares of Yum! Brands from $103.00 to $105.00 and gave the company a neutral rating in a research report on Tuesday, May 21st. BTIG Research increased their price target on shares of Yum! Brands to $114.00 and gave the company a buy rating in a research report on Thursday, May 2nd. Longbow Research cut shares of Yum! Brands from a neutral rating to an underperform rating and set a $91.00 price target on the stock. in a research report on Monday, July 1st. Finally, Credit Suisse Group assumed coverage on shares of Yum! Brands in a research report on Tuesday, June 25th. They set a neutral rating and a $106.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $110.65.

YUM traded up $0.66 on Monday, reaching $117.23. The company had a trading volume of 1,036,261 shares, compared to its average volume of 1,620,063. The business has a 50 day simple moving average of $114.03 and a 200 day simple moving average of $104.34. The company has a market cap of $35.47 billion, a price-to-earnings ratio of 36.98, a P/E/G ratio of 2.44 and a beta of 0.53. Yum! Brands has a 52-week low of $83.39 and a 52-week high of $119.72.

Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. Yum! Brands’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.82 earnings per share. On average, equities analysts expect that Yum! Brands will post 3.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, August 19th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, August 16th. Yum! Brands’s payout ratio is 53.00%.

In related news, VP David Eric Russell sold 5,801 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $115.33, for a total value of $669,029.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Scott Catlett sold 1,015 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $116.63, for a total value of $118,379.45. Following the completion of the sale, the general counsel now directly owns 5,376 shares of the company’s stock, valued at approximately $627,002.88. The disclosure for this sale can be found here. Insiders sold 62,556 shares of company stock valued at $6,741,879 in the last ninety days. 0.67% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Yum! Brands by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 755,600 shares of the restaurant operator’s stock valued at $69,456,000 after purchasing an additional 11,988 shares during the last quarter. Geode Capital Management LLC grew its holdings in Yum! Brands by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,883,831 shares of the restaurant operator’s stock worth $356,348,000 after acquiring an additional 260,681 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Yum! Brands by 1.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 22,481 shares of the restaurant operator’s stock worth $2,058,000 after acquiring an additional 249 shares during the last quarter. Millennium Management LLC grew its holdings in Yum! Brands by 221.3% during the 4th quarter. Millennium Management LLC now owns 122,484 shares of the restaurant operator’s stock worth $11,259,000 after acquiring an additional 223,442 shares during the last quarter. Finally, HRT Financial LLC bought a new stake in Yum! Brands during the 4th quarter worth approximately $240,000. 77.31% of the stock is owned by institutional investors.

Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Analyst Recommendations for Yum! Brands (NYSE:YUM)

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