Yum! Brands, Inc. (NYSE:YUM) declared a quarterly dividend on Friday, January 24th, RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.47 per share by the restaurant operator on Friday, March 6th. This represents a $1.88 annualized dividend and a dividend yield of 1.79%. This is an increase from Yum! Brands’s previous quarterly dividend of $0.42.
Yum! Brands has increased its dividend payment by an average of 11.9% annually over the last three years and has increased its dividend every year for the last 2 years. Yum! Brands has a payout ratio of 40.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Yum! Brands to earn $4.13 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 40.7%.
NYSE YUM opened at $104.98 on Friday. The firm has a market capitalization of $32.05 billion, a P/E ratio of 29.16, a P/E/G ratio of 2.09 and a beta of 0.44. Yum! Brands has a 1-year low of $88.52 and a 1-year high of $119.72. The business’s 50-day simple moving average is $101.53 and its 200-day simple moving average is $108.19.
In other news, President David W. Gibbs sold 1,530 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $100.43, for a total value of $153,657.90. Following the completion of the sale, the president now owns 43,266 shares in the company, valued at $4,345,204.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President David W. Gibbs sold 1,521 shares of the company’s 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 completion of the sale, the president now owns 43,279 shares of the company’s stock, valued at approximately $4,268,607.77. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.
Yum! Brands declared that its board has approved a stock repurchase program on Thursday, November 21st that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to purchase up to 6.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
Several research firms have issued reports on YUM. Royal Bank of Canada began coverage on Yum! Brands in a report on Monday, December 9th. They set a “sector perform” rating and a $107.00 price objective on the stock. Wells Fargo & Co lowered their price target on Yum! Brands from $111.00 to $107.00 and set an “equal weight” rating for the company in a report on Thursday. Morgan Stanley upgraded Yum! Brands from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $113.00 to $118.00 in a report on Friday, January 17th. Argus downgraded Yum! Brands from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, ValuEngine downgraded Yum! Brands from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $111.94.
Yum! Brands Company Profile
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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