Investment analysts at Goldman Sachs Group Inc. reduced their price target on shares of Yum! Brands (NYSE:YUM) from $73.00 to $69.00 in a note issued to investors on Thursday, ARN reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price objective points to a potential upside of 4.64% from the stock’s previous close.
A number of other analysts have also recently weighed in on YUM. Analysts at Zacks reiterated a “neutral” rating on shares of Yum! Brands in a research note to investors on Thursday. They now have a $70.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Yum! Brands in a research note to investors on Thursday. They now have a $63.00 price target on the stock, down previously from $67.00. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Yum! Brands from $80.00 to $77.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Seventeen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $72.40.
Shares of Yum! Brands (NYSE:YUM) traded up 0.85% during mid-day trading on Thursday, hitting $66.50. 940,169 shares of the company’s stock traded hands. Yum! Brands has a 52-week low of $59.68 and a 52-week high of $75.13. The stock has a 50-day moving average of $71.26 and a 200-day moving average of $70.. The company has a market cap of $29.674 billion and a P/E ratio of 21.53. Yum! Brands also was the recipient of unusually large options trading on Tuesday. Traders acquired 15,096 call options on the stock. This represents an increase of approximately 519% compared to the typical volume of 2,438 call options.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Wednesday, October 9th. The company reported $0.85 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.93 by $0.08. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter last year, the company posted $0.99 earnings per share. Yum! Brands’s revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that Yum! Brands will post $2.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Shareholders of record on Friday, October 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Wednesday, October 9th. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.34.
In other Yum! Brands news, SVP Jonathan David Blum sold 2,804 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $66.49, for a total transaction of $186,437.96. Following the sale, the senior vice president now directly owns 22,131 shares of the company’s stock, valued at approximately $1,471,490. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Yum! Brands, Inc (NYSE:YUM) is a quick service restaurant company based on number of system units, with approximately 37,000 units in more than 120 countries and territories.
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