Yum! Brands, Inc. (NYSE:YUM) had its price target upped by equities research analysts at CIBC from $80.00 to $85.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the restaurant operator’s stock. CIBC’s target price would indicate a potential upside of 11.15% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $71.00 target price (up previously from $68.00) on shares of Yum! Brands in a research report on Tuesday, May 30th. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) raised Yum! Brands from a “sell” rating to a “neutral” rating and increased their price objective for the company from $57.00 to $65.00 in a research report on Thursday, May 11th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $78.00 price objective (up from $75.00) on shares of Yum! Brands in a research report on Tuesday, May 30th. Finally, Instinet reissued a “buy” rating and issued a $78.00 price objective on shares of Yum! Brands in a research report on Sunday, May 28th. Fifteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $80.31.

Shares of Yum! Brands (YUM) traded up 0.37% during mid-day trading on Friday, hitting $76.75. 688,719 shares of the company were exchanged. The stock’s 50-day moving average price is $75.67 and its 200 day moving average price is $70.40. Yum! Brands has a 12-month low of $59.57 and a 12-month high of $91.99. The stock has a market cap of $26.46 billion, a PE ratio of 20.37 and a beta of 0.83.

Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. On average, equities analysts anticipate that Yum! Brands will post $2.82 EPS for the current fiscal year.

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In other news, CEO Brian R. Niccol sold 1,487 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total value of $109,770.34. Following the completion of the sale, the chief executive officer now directly owns 6,719 shares in the company, valued at $495,996.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total value of $616,864.00. Following the completion of the sale, the chief financial officer now owns 39,664 shares of the company’s stock, valued at $2,935,136. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.

Large investors have recently made changes to their positions in the company. South State Corp increased its stake in shares of Yum! Brands by 13.9% in the first quarter. South State Corp now owns 56,768 shares of the restaurant operator’s stock valued at $3,627,000 after buying an additional 6,931 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Yum! Brands by 81.5% in the second quarter. Bank of Montreal Can now owns 754,879 shares of the restaurant operator’s stock valued at $55,679,000 after buying an additional 338,941 shares in the last quarter. Windsor Capital Management LLC increased its stake in shares of Yum! Brands by 7.6% in the first quarter. Windsor Capital Management LLC now owns 9,855 shares of the restaurant operator’s stock valued at $629,000 after buying an additional 693 shares in the last quarter. Morgan Stanley increased its stake in shares of Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock valued at $303,987,000 after buying an additional 2,148,751 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Yum! Brands by 17.9% in the first quarter. First Trust Advisors LP now owns 189,796 shares of the restaurant operator’s stock valued at $12,128,000 after buying an additional 28,799 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

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.

Analyst Recommendations for Yum! Brands (NYSE:YUM)

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