Yum! Brands, Inc. (NYSE:YUM) to Issue Quarterly Dividend of $0.42

Yum! Brands, Inc. (NYSE:YUM) announced a quarterly dividend on Monday, November 11th, RTT News reports. Shareholders of record on Thursday, November 21st will be given a dividend of 0.42 per share by the restaurant operator on Friday, December 6th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Wednesday, November 20th.

Shares of Yum! Brands stock opened at $98.28 on Monday. Yum! Brands has a twelve month low of $86.10 and a twelve month high of $119.72. The stock has a market cap of $29.67 billion, a price-to-earnings ratio of 31.00, a P/E/G ratio of 2.16 and a beta of 0.48. The company’s fifty day moving average is $108.12 and its 200 day moving average is $109.80.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.14). Yum! Brands had a net margin of 20.88% and a negative return on equity of 11.69%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the company posted $1.04 EPS. Yum! Brands’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that Yum! Brands will post 3.71 EPS for the current year.

A number of research firms have recently weighed in on YUM. Credit Suisse Group reduced their target price on shares of Yum! Brands from $115.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. BTIG Research increased their target price on shares of Yum! Brands to $130.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Cfra cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Stifel Nicolaus decreased their target price on shares of Yum! Brands from $110.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, UBS Group cut their price target on shares of Yum! Brands from $131.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $112.88.

In related news, President David W. Gibbs sold 1,521 shares of Yum! Brands stock in a transaction on Friday, November 15th. The shares were sold at an average price of $98.63, for a total value of $150,016.23. Following the sale, the president now owns 43,279 shares of the company’s stock, valued at approximately $4,268,607.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President David W. Gibbs sold 1,583 shares of Yum! Brands stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $113.37, for a total transaction of $179,464.71. Following the completion of the sale, the president now directly owns 43,279 shares in the company, valued at approximately $4,906,540.23. The disclosure for this sale can be found here. Insiders have sold a total of 16,071 shares of company stock valued at $1,835,534 over the last three months. 0.67% of the stock is currently owned by insiders.

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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Dividend History for Yum! Brands (NYSE:YUM)

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