An issue of Yum! Brands, Inc. (NYSE:YUM) bonds fell 0.9% as a percentage of their face value during trading on Tuesday. The high-yield issue of debt has a 5% coupon and is set to mature on June 1, 2024. The bonds in the issue are now trading at $105.13 and were trading at $105.00 one week ago. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.
A number of equities analysts have recently weighed in on YUM shares. BidaskClub cut shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price target on shares of Yum! Brands in a research note on Thursday, June 15th. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Thursday, July 20th. UBS AG upped their price target on shares of Yum! Brands from $76.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Argus reaffirmed a “buy” rating and set a $88.00 price target (up from $80.00) on shares of Yum! Brands in a research note on Wednesday, August 23rd. Thirteen research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $79.89.
Yum! Brands, Inc. (NYSE YUM) opened at 74.10 on Thursday. The stock’s 50 day moving average is $75.70 and its 200 day moving average is $71.82. Yum! Brands, Inc. has a one year low of $59.57 and a one year high of $78.14. The stock has a market capitalization of $25.55 billion, a price-to-earnings ratio of 19.67 and a beta of 0.81.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company posted $0.75 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities analysts forecast that Yum! Brands, Inc. will post $2.81 EPS for the current year.
In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the completion of the sale, the chief financial officer now directly owns 39,664 shares in the company, valued at approximately $2,935,136. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.38% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Yum! Brands by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 22,604,873 shares of the restaurant operator’s stock worth $1,667,335,000 after acquiring an additional 711,910 shares during the period. BlackRock Inc. boosted its position in Yum! Brands by 2,392.9% during the 1st quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock worth $1,281,452,000 after acquiring an additional 19,249,564 shares during the period. Magellan Asset Management Ltd boosted its position in Yum! Brands by 2.0% during the 2nd quarter. Magellan Asset Management Ltd now owns 15,446,852 shares of the restaurant operator’s stock worth $1,139,360,000 after acquiring an additional 308,387 shares during the period. Loomis Sayles & Co. L P boosted its position in Yum! Brands by 0.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 6,379,688 shares of the restaurant operator’s stock worth $407,662,000 after acquiring an additional 17,799 shares during the period. Finally, Morgan Stanley boosted its position in Yum! Brands by 82.4% during the 1st quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock worth $303,987,000 after acquiring an additional 2,148,751 shares during the period. Hedge funds and other institutional investors own 72.06% of the company’s stock.
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About Yum! Brands
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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