Yum! Brands, Inc. (NYSE:YUM)‘s stock had its “buy” rating restated by analysts at Cowen and Company in a note issued to investors on Friday. They presently have a $85.00 price target on the restaurant operator’s stock. Cowen and Company’s price target indicates a potential upside of 11.14% from the stock’s current price.

Several other equities analysts also recently issued reports on YUM. BMO Capital Markets reissued a “market perform” rating and set a $77.00 price target (up from $66.00) on shares of Yum! Brands in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Argus reiterated a “buy” rating and set a $88.00 price target (up previously from $80.00) on shares of Yum! Brands in a research report on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $83.00 price target on shares of Yum! Brands in a research report on Friday, August 4th. Finally, Mizuho initiated coverage on shares of Yum! Brands in a research report on Thursday, June 8th. They set a “neutral” rating and a $74.00 price target for the company. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Yum! Brands currently has an average rating of “Buy” and a consensus price target of $80.31.

Shares of Yum! Brands (YUM) traded up 0.01% during midday trading on Friday, hitting $76.48. 1,376,166 shares of the stock were exchanged. Yum! Brands has a 12-month low of $59.57 and a 12-month high of $77.48. The stock’s 50 day moving average is $75.72 and its 200 day moving average is $70.44. The firm has a market cap of $26.37 billion, a P/E ratio of 20.30 and a beta of 0.83.

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

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In other Yum! Brands news, CEO Brian R. Niccol sold 1,487 shares of the business’s stock in a transaction that occurred 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 owns 6,719 shares in the company, valued at $495,996.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction that occurred 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 approximately $2,935,136. The disclosure for this sale can be found here. Insiders own 7.38% of the company’s stock.

A number of hedge funds have recently made changes to their positions in YUM. Kistler Tiffany Companies LLC increased its stake in shares of Yum! Brands by 0.5% during the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 7 shares during the period. Bessemer Group Inc. grew its stake in Yum! Brands by 0.3% in the second quarter. Bessemer Group Inc. now owns 5,943 shares of the restaurant operator’s stock worth $438,000 after purchasing an additional 16 shares during the period. FTB Advisors Inc. grew its stake in Yum! Brands by 1.0% in the first quarter. FTB Advisors Inc. now owns 3,260 shares of the restaurant operator’s stock worth $208,000 after purchasing an additional 31 shares during the period. Stratos Wealth Partners LTD. grew its stake in Yum! Brands by 0.5% in the second quarter. Stratos Wealth Partners LTD. now owns 6,719 shares of the restaurant operator’s stock worth $496,000 after purchasing an additional 31 shares during the period. Finally, Heritage Trust Co grew its stake in Yum! Brands by 1.3% in the second quarter. Heritage Trust Co now owns 3,010 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 40 shares during the period. 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.

Analyst Recommendations for Yum! Brands (NYSE:YUM)

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