Yum! Brands (NYSE:YUM) Reaches New 1-Year High at $112.29


Share on StockTwits

Yum! Brands, Inc. (NYSE:YUM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $112.29 and last traded at $112.29, with a volume of 3886 shares traded. The stock had previously closed at $110.64.

Several equities research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Yum! Brands in a report on Tuesday, January 19th. They issued a “sell” rating and a $103.00 price target for the company. Atlantic Securities assumed coverage on Yum! Brands in a report on Tuesday. They issued a “neutral” rating and a $118.00 price target for the company. JPMorgan Chase & Co. increased their price target on Yum! Brands from $102.00 to $106.00 and gave the stock a “neutral” rating in a report on Monday, December 14th. Morgan Stanley increased their price target on Yum! Brands from $119.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, January 19th. Finally, MKM Partners increased their price target on Yum! Brands from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $104.11.

The firm has a 50-day moving average of $106.53 and a 200 day moving average of $103.52. The stock has a market capitalization of $34.22 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 2.49 and a beta of 0.93.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, February 3rd. The restaurant operator reported $1.15 EPS for the quarter, beating the consensus estimate of $1.01 by $0.14. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities analysts forecast that Yum! Brands, Inc. will post 3.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 12th. Investors of record on Friday, February 12th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, February 11th. This is a boost from Yum! Brands’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 1.75%. Yum! Brands’s dividend payout ratio is 56.34%.

In other news, CEO David W. Gibbs sold 2,540 shares of the firm’s stock in a transaction that occurred on Friday, January 15th. The stock was sold at an average price of $107.52, for a total value of $273,100.80. Following the completion of the sale, the chief executive officer now directly owns 14,145 shares of the company’s stock, valued at $1,520,870.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David W. Gibbs sold 1,282 shares of the firm’s stock in a transaction that occurred on Monday, March 29th. The shares were sold at an average price of $108.00, for a total value of $138,456.00. Following the completion of the sale, the chief executive officer now directly owns 22,256 shares of the company’s stock, valued at $2,403,648. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vectors Research Management LLC bought a new position in shares of Yum! Brands during the fourth quarter worth approximately $26,000. Reby Advisors LLC bought a new position in shares of Yum! Brands during the fourth quarter worth approximately $26,000. Perennial Advisors LLC bought a new position in shares of Yum! Brands during the fourth quarter worth approximately $28,000. Ellevest Inc. increased its stake in shares of Yum! Brands by 175.8% during the fourth quarter. Ellevest Inc. now owns 273 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 174 shares during the period. Finally, Childress Capital Advisors LLC bought a new position in shares of Yum! Brands during the fourth quarter worth approximately $30,000. 75.22% of the stock is owned by institutional investors.

About Yum! Brands (NYSE:YUM)

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

Featured Story: Trading Options- What is a Strangle?

Receive News & Ratings for Yum! Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.