Mizuho cut shares of Yum! Brands (NYSE:YUM) from a buy rating to a neutral rating in a research note released on Wednesday morning, Marketbeat reports. The brokerage currently has $84.00 price objective on the restaurant operator’s stock.
A number of other equities analysts also recently issued reports on YUM. Zacks Investment Research raised Yum! Brands from a hold rating to a buy rating and set a $106.00 price target on the stock in a research report on Monday, February 11th. BMO Capital Markets upped their price target on Yum! Brands to $100.00 and gave the stock a market perform rating in a research report on Friday, February 8th. JPMorgan Chase & Co. downgraded Yum! Brands from an overweight rating to a neutral rating and set a $94.00 price target on the stock. in a research report on Tuesday, March 19th. Finally, Cowen reaffirmed a buy rating and set a $100.00 price target on shares of Yum! Brands in a research report on Sunday, December 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $93.64.
Shares of YUM stock opened at $98.97 on Wednesday. The firm has a market cap of $30.39 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.05 and a beta of 0.55. Yum! Brands has a 12-month low of $77.09 and a 12-month high of $101.39.
The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 14th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.70%. This is an increase from Yum! Brands’s previous quarterly dividend of $0.36. The ex-dividend date was Wednesday, February 13th. Yum! Brands’s dividend payout ratio is presently 53.00%.
In related news, VP David Eric Russell sold 5,872 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.00, for a total value of $587,200.00. Following the transaction, the vice president now directly owns 23,653 shares of the company’s stock, valued at approximately $2,365,300. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Anthony Lowings sold 2,889 shares of the company’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $89.93, for a total value of $259,807.77. Following the completion of the transaction, the chief executive officer now directly owns 36,497 shares in the company, valued at $3,282,175.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,684 shares of company stock worth $10,065,092. 0.63% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Occidental Asset Management LLC increased its position in shares of Yum! Brands by 14.7% in the 4th quarter. Occidental Asset Management LLC now owns 4,062 shares of the restaurant operator’s stock valued at $373,000 after acquiring an additional 522 shares during the period. Jackson Hole Capital Partners LLC purchased a new stake in Yum! Brands in the fourth quarter valued at $565,000. Belpointe Asset Management LLC boosted its holdings in Yum! Brands by 5.3% in the fourth quarter. Belpointe Asset Management LLC now owns 5,063 shares of the restaurant operator’s stock valued at $465,000 after purchasing an additional 256 shares during the last quarter. Norges Bank purchased a new stake in Yum! Brands in the fourth quarter valued at $292,344,000. Finally, Actinver Wealth Management Inc. purchased a new stake in Yum! Brands in the fourth quarter valued at $238,000. 73.75% of the stock is currently owned by hedge funds and other institutional investors.
About Yum! Brands
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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