Bank of America Trims Yum! Brands (NYSE:YUM) Target Price to $145.00

Yum! Brands (NYSE:YUM) had its price target cut by Bank of America from $147.00 to $145.00 in a research report released on Tuesday, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

YUM has been the topic of a number of other research reports. Morgan Stanley cut their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. TD Cowen cut shares of Yum! Brands from a “buy” rating to a “hold” rating and cut their price objective for the stock from $156.00 to $145.00 in a research report on Wednesday, October 16th. Evercore ISI cut shares of Yum! Brands from an “outperform” rating to an “inline” rating and cut their price objective for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. Robert W. Baird increased their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $146.44.

Yum! Brands Stock Down 0.6 %

Shares of Yum! Brands stock opened at $133.16 on Tuesday. Yum! Brands has a twelve month low of $118.28 and a twelve month high of $143.20. The stock has a market cap of $37.44 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.07 and a beta of 1.08. The company’s fifty day moving average is $134.84 and its 200 day moving average is $135.10.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. During the same quarter in the prior year, the firm posted $1.41 earnings per share. As a group, equities analysts anticipate that Yum! Brands will post 5.6 earnings per share for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s dividend payout ratio is currently 49.08%.

Insider Activity

In other news, CEO David W. Gibbs sold 7,069 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total transaction of $974,956.48. Following the completion of the transaction, the chief executive officer now directly owns 159,132 shares of the company’s stock, valued at $21,947,485.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO David W. Gibbs sold 7,069 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 159,132 shares of the company’s stock, valued at approximately $21,947,485.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sabir Sami sold 71,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the completion of the transaction, the chief executive officer now directly owns 68 shares of the company’s stock, valued at approximately $9,326.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,673 shares of company stock valued at $13,918,095 in the last three months. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Yum! Brands by 24.0% in the 1st quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after purchasing an additional 5,607,517 shares during the period. Capital World Investors lifted its holdings in shares of Yum! Brands by 23.7% during the 1st quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock worth $2,512,561,000 after acquiring an additional 3,470,883 shares during the last quarter. Capital International Investors lifted its holdings in shares of Yum! Brands by 10.2% during the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after acquiring an additional 1,362,813 shares during the last quarter. Sustainable Growth Advisers LP lifted its holdings in shares of Yum! Brands by 2.1% during the 1st quarter. Sustainable Growth Advisers LP now owns 5,939,663 shares of the restaurant operator’s stock worth $823,534,000 after acquiring an additional 121,285 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Yum! Brands by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 3,164,159 shares of the restaurant operator’s stock worth $419,123,000 after acquiring an additional 104,328 shares during the last quarter. 82.37% 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. 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.