StockNews.com upgraded shares of Yum! Brands (NYSE:YUM – Get Rating) from a hold rating to a buy rating in a research report report published on Monday.
Several other equities research analysts have also commented on the stock. BMO Capital Markets raised their price target on shares of Yum! Brands from $140.00 to $144.00 in a research note on Monday. Credit Suisse Group raised their price target on shares of Yum! Brands from $135.00 to $141.00 and gave the company a neutral rating in a research note on Thursday, February 9th. Guggenheim lowered their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a buy rating on the stock in a research note on Wednesday, March 8th. UBS Group raised their price objective on shares of Yum! Brands from $148.00 to $156.00 in a research note on Thursday, May 4th. Finally, Wells Fargo & Company began coverage on shares of Yum! Brands in a research note on Monday, January 23rd. They set an overweight rating and a $145.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $147.11.
Yum! Brands Stock Down 0.7 %
Shares of NYSE YUM opened at $136.53 on Monday. The firm’s 50-day moving average price is $132.14 and its two-hundred day moving average price is $128.63. Yum! Brands has a 52-week low of $103.96 and a 52-week high of $143.24. The stock has a market capitalization of $38.24 billion, a P/E ratio of 32.12, a P/E/G ratio of 2.18 and a beta of 1.00.
Yum! Brands Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Wednesday, February 22nd were paid a $0.605 dividend. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Tuesday, February 21st. This represents a $2.42 dividend on an annualized basis and a yield of 1.77%. Yum! Brands’s dividend payout ratio (DPR) is currently 56.94%.
Insider Buying and Selling
In related news, insider Scott Catlett sold 1,150 shares of the firm’s stock in a transaction that occurred on Friday, April 14th. The shares were sold at an average price of $135.00, for a total value of $155,250.00. Following the completion of the transaction, the insider now owns 12,102 shares of the company’s stock, valued at approximately $1,633,770. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Yum! Brands news, COO Tracy L. Skeans sold 3,680 shares of Yum! Brands stock in a transaction on Monday, April 17th. The shares were sold at an average price of $136.00, for a total transaction of $500,480.00. Following the completion of the sale, the chief operating officer now owns 3,183 shares of the company’s stock, valued at approximately $432,888. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott Catlett sold 1,150 shares of Yum! Brands stock in a transaction on Friday, April 14th. The shares were sold at an average price of $135.00, for a total transaction of $155,250.00. Following the sale, the insider now directly owns 12,102 shares of the company’s stock, valued at approximately $1,633,770. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,428 shares of company stock valued at $3,524,225. Company insiders own 0.31% of the company’s stock.
Institutional Investors Weigh In On Yum! Brands
A number of institutional investors have recently modified their holdings of the stock. RB Capital Management LLC lifted its stake in shares of Yum! Brands by 9.7% in the 1st quarter. RB Capital Management LLC now owns 4,890 shares of the restaurant operator’s stock valued at $580,000 after purchasing an additional 431 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Yum! Brands by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 761,575 shares of the restaurant operator’s stock valued at $90,284,000 after purchasing an additional 3,024 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Yum! Brands in the 1st quarter valued at $664,000. Moors & Cabot Inc. lifted its stake in shares of Yum! Brands by 7.4% in the 1st quarter. Moors & Cabot Inc. now owns 7,530 shares of the restaurant operator’s stock valued at $893,000 after purchasing an additional 517 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Yum! Brands by 10.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,862 shares of the restaurant operator’s stock valued at $339,000 after purchasing an additional 279 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.
About Yum! Brands
Yum! Brands, Inc operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses of a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment consists of all operations of the KFC concept.
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