Yum! Brands Given “Top Pick” Rating at RBC Capital (YUM)
Yum! Brands (NYSE:YUM)‘s stock had its “top pick” rating reiterated by RBC Capital in a research note issued on Monday. They currently have a $94.00 target price on the stock. RBC Capital’s price target points to a potential upside of 13.95% from the stock’s previous close.
In other Yum! Brands news, SVP Jonathan David Blum unloaded 2,997 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $81.85, for a total value of $245,304.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Yum! Brands in a research note on Tuesday, June 17th. They now have a $85.00 price target on the stock, up previously from $75.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Yum! Brands in a research note on Tuesday, May 27th. They now have a $79.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Yum! Brands in a research note on Thursday, April 24th. They now have a $81.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $80.00.
Yum! Brands (NYSE:YUM) opened at 82.49 on Monday. Yum! Brands has a one year low of $64.08 and a one year high of $82.94. The stock has a 50-day moving average of $78.70 and a 200-day moving average of $75.35. The company has a market cap of $36.409 billion and a P/E ratio of 32.68.
Yum! Brands (NYSE:YUM) last released its earnings data on Tuesday, April 22nd. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.03. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the company posted $0.70 earnings per share. Yum! Brands’s revenue was up 7.5% compared to the same quarter last year. Analysts expect that Yum! Brands will post $3.71 EPS for the current fiscal year.
YUM! Brands, Inc (NYSE:YUM) is a quick service restaurant company based on number of system units, with over 39,000 units in more than 125 countries and territories.
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