T. Rowe Price Associates, Inc. (I. recently announced the acquisition of new stake in Yum! Brands Inc. (NYSE:YUM). The institutional investor has increased its shareholding in the Consumer Cyclical company by 82.50% to 23.91 million shares with purchase of 10.81 million shares. This fresh investment now brings its stake to 7.94% valued currently at $2.08 billion. In addition, Sustainable Growth Advisers LP raised its holdings by 0.1 million to 5.44 million shares. And Northern Trust Investments, Inc.(. has lifted its position by 0.23% or 9110.0 shares – to 4.01 million shares.
With over 3.86 million Yum! Brands Inc. (YUM) shares trading Thursday and a closing price of $91.64 on the day, the dollar volume was approximately $353.9 million. The shares have shown a negative weekly performance of -1.32% and its price on 07/30/20 lost nearly -3.36%. Currently, there are 302.00M common shares owned by the public and among those 300.45M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 27 analysts who have offered their price forecasts for YUM have a consensus price objective of $95.86. The analysts have set the share’s price value over the next 12 months at a high of $110.00 and a low of $80.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Yum! Brands Inc. stock is 2.60 for the next 12 months. The average price target is 2.98% above its last price level and an upside to the estimated low will see the stock lose -14.55% over that period. But an upside of 16.69% will see the stock hit the forecast high price target while mean target price for the stock is $95.00.
Insiders at the company have transacted a total of 127 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 54 of these insider trades were purchases, accounting for 524,424 shares. Insider sales of the common stock occurred on 73 occasions, with total insider shares sold totaling 408,746 shares.
The top 3 mutual fund holders in Yum! Brands Inc. are Vanguard Total Stock Market Index, T Rowe Price Capital Appreciation, and Vanguard 500 Index Fund. Vanguard Total Stock Market Index owns 8.58 million shares of the company’s stock, all valued at over $745.97 million. The company sold -0.14 million shares recently to bring their total holdings to about 2.85% of the shares outstanding. T Rowe Price Capital Appreciation sold -2.95 million shares to see its total holdings shrink to 6.63 million shares valued at over $575.86 million and representing 2.20% of the shares outstanding. Vanguard 500 Index Fund bought 68451.0 shares to bring its total holdings to over 6.24 million shares at a value of $542.67 million. Vanguard 500 Index Fund now owns shares totaling to 2.08% of the shares outstanding.
Shares of Yum! Brands Inc. (NYSE: YUM) opened at $93.15, down -$1.68 from a prior closing price of $94.83. However, the script later closed the day at $91.64, down -3.36%. The company’s stock has a 5-day price change of -1.32% and 6.03% over the past three months. YUM shares are trading -9.02% year to date (YTD), with the 12-month market performance down to -18.56% lower. It has a 12-month low price of $54.95 and touched a high of $119.72 over the same period. Currently, 3.86 million shares have been traded, compared to an average intraday trading volume of 2.42 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.98%, 1.76%, and -1.30% respectively.
Institutional ownership of Yum! Brands Inc. (NYSE: YUM) shares accounts for 78.30% of the company’s 302.00M shares outstanding. Mutual fund holders own 39.44%, while other institutional holders and individual stakeholders account for 8.58% and 37.39% respectively.
It has a market capitalization of $27.50B and a beta (3y monthly) value of 0.96. The stock’s trailing 12-month PE ratio is 25.60, while the earnings-per-share (ttm) stands at $3.58. The company has a PEG of 5.11 and a Quick Ratio of 1.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.37% over the week and 2.18% over the month.
Analysts forecast that Yum! Brands Inc. (YUM) will achieve an EPS of $0.54 for the current quarter, $0.77 for the next quarter and $3.81 for 2021. The lowest estimate earnings-per-share for the quarter is $0.2 while analysts give the company a high EPS estimate of $0.78. Comparatively, EPS for the current quarter was $0.93 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.80%, and 28.78% over the next financial year. EPS should shrink at an annualized rate of 5.01% over the next five years, compared to 13.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 27 brokerage firm advisors rate Yum! Brands Inc. (YUM) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 18 of the 27 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the YUM, a number of firms have released research notes about the stock. Stifel stated their Buy rating for the stock in a research note on May 15, 2020, with the firm’s price target at $87-$95. Wolfe Research coverage for the Yum! Brands Inc. (YUM) stock in a research note released on April 17, 2020 offered a Peer Perform rating with a price target of. Deutsche Bank was of a view on February 14, 2020 that the stock is Hold, while BTIG Research gave the stock Neutral rating on February 07, 2020, issuing a price target of. Morgan Stanley on their part issued Overweight rating on January 17, 2020.