Yum! Brands (NYSE:YUM) Given New $160.00 Price Target at Oppenheimer

Yum! Brands (NYSE:YUM) had its target price increased by Oppenheimer from $154.00 to $160.00 in a report issued on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the restaurant operator’s stock.

A number of other brokerages have also recently weighed in on YUM. Loop Capital reduced their target price on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. TD Cowen restated a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a report on Wednesday, November 6th. Argus raised Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a report on Tuesday, December 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $146.78.

Yum! Brands Stock Performance

YUM opened at $127.72 on Tuesday. The company has a market capitalization of $35.64 billion, a PE ratio of 23.87, a P/E/G ratio of 2.37 and a beta of 1.11. The stock’s fifty day moving average is $135.03 and its 200-day moving average is $133.90. Yum! Brands has a one year low of $124.76 and a one year high of $143.20.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the firm posted $1.44 earnings per share. Yum! Brands’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Yum! Brands will post 5.47 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Monday, December 2nd. Yum! Brands’s dividend payout ratio (DPR) is currently 50.09%.

Insider Transactions at Yum! Brands

In related news, CEO David W. Gibbs sold 3,815 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $137.06, for a total value of $522,883.90. Following the transaction, the chief executive officer now owns 149,385 shares in the company, valued at approximately $20,474,708.10. This represents a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 17,879 shares of company stock valued at $2,424,167. 0.31% of the stock is owned by insiders.

Institutional Trading of Yum! Brands

Several large investors have recently added to or reduced their stakes in YUM. Safe Harbor Fiduciary LLC acquired a new stake in Yum! Brands in the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after buying an additional 201 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after buying an additional 82 shares during the period. Kimelman & Baird LLC acquired a new position in Yum! Brands in the 2nd quarter valued at $37,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Yum! Brands in the 2nd quarter worth $39,000. 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.