Yum! Brands (NYSE:YUM) Receiving Positive Press Coverage, Report Finds
News coverage about Yum! Brands (NYSE:YUM) has been trending positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Yum! Brands earned a news impact score of 0.34 on Accern’s scale. Accern also assigned news articles about the restaurant operator an impact score of 47.441976722277 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Columbus Mayor’s Luncheon Benefiting UNCF (prweb.com)
- WATCH: KFC Casts Reba McEntire as Colonel Sanders – Investorplace.com (investorplace.com)
- Yum! Brands Target of Unusually High Options Trading (YUM) (americanbankingnews.com)
- Stock in the Trader’s Radar— Yum! Brands, Inc. (YUM) – usstockjournal (usstockjournal.com)
- Yum! Brands, Inc. Announces 20% Increase in Quarterly Dividend to $0.36 Per Share – Business Wire (press release) (businesswire.com)
A number of equities research analysts have recently issued reports on YUM shares. Jefferies Group upped their target price on shares of Yum! Brands from $66.00 to $75.00 and gave the company a “hold” rating in a report on Friday, November 3rd. BMO Capital Markets upped their target price on shares of Yum! Brands from $77.00 to $80.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. Oppenheimer reiterated a “buy” rating and issued a $85.00 price target on shares of Yum! Brands in a research note on Monday, October 30th. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Sunday, January 21st. Finally, Barclays reiterated an “equal weight” rating and issued a $84.00 price target (up previously from $79.00) on shares of Yum! Brands in a research note on Tuesday, January 16th. Twelve research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $81.68.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 earnings per share. sell-side analysts anticipate that Yum! Brands will post 2.81 EPS for the current fiscal year.
Yum! Brands declared that its Board of Directors has approved a stock repurchase plan on Friday, November 17th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.67%. This is a boost from Yum! Brands’s previous quarterly dividend of $0.30. Yum! Brands’s payout ratio is currently 37.04%.
In other Yum! Brands news, CFO David W. Gibbs sold 4,318 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total value of $347,858.08. Following the completion of the transaction, the chief financial officer now owns 39,396 shares of the company’s stock, valued at approximately $3,173,741.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian R. Niccol sold 3,588 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $79.90, for a total transaction of $286,681.20. Following the completion of the transaction, the chief executive officer now directly owns 15,075 shares of the company’s stock, valued at approximately $1,204,492.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,231 shares of company stock valued at $997,604. 0.65% of the stock is owned by corporate insiders.
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Yum! Brands Company Profile
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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