Yum! Brands, Inc. (YUM) Price Target Increased to $85.00 by Analysts at Oppenheimer Holdings, Inc.
Yum! Brands, Inc. (NYSE:YUM) had its target price lifted by equities researchers at Oppenheimer Holdings, Inc. from $80.00 to $85.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer Holdings, Inc.’s price target suggests a potential upside of 11.15% from the stock’s previous close.
Other research analysts have also issued reports about the company. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, July 20th. BidaskClub raised Yum! Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Mizuho assumed coverage on Yum! Brands in a research report on Thursday, June 8th. They set a “neutral” rating and a $74.00 price target on the stock. BMO Capital Markets upped their target price on Yum! Brands from $66.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, August 3rd. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $85.00 target price on shares of Yum! Brands in a research report on Friday. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $80.02.
Shares of Yum! Brands (YUM) traded up 0.35% on Friday, hitting $76.74. The stock had a trading volume of 194,063 shares. The firm has a market cap of $26.46 billion, a P/E ratio of 20.37 and a beta of 0.83. Yum! Brands has a 12-month low of $59.57 and a 12-month high of $91.99. The company’s 50-day moving average price is $75.67 and its 200 day moving average price is $70.40.
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 company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. Yum! Brands’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 earnings per share. On average, equities research analysts forecast that Yum! Brands will post $2.82 earnings per share for the current fiscal year.
In related 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 transaction of $109,770.34. Following the completion of the sale, the chief executive officer now directly owns 6,719 shares of the company’s stock, valued at approximately $495,996.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at $2,935,136. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in YUM. BlackRock Inc. boosted its position in Yum! Brands by 2,392.9% in the 1st quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock valued at $1,281,452,000 after buying an additional 19,249,564 shares during the last quarter. Morgan Stanley boosted its position in Yum! Brands by 82.4% in the 1st 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 during the last quarter. Renaissance Technologies LLC boosted its position in Yum! Brands by 208.6% in the 1st quarter. Renaissance Technologies LLC now owns 2,625,400 shares of the restaurant operator’s stock valued at $167,763,000 after buying an additional 1,774,600 shares during the last quarter. Pioneer Investment Management Inc. bought a new position in Yum! Brands in the 2nd quarter valued at $104,149,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Yum! Brands in the 2nd quarter valued at $102,713,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.
About Yum! Brands
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.
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