Yum! Brands, Inc. (NYSE:YUM)‘s stock had its “hold” rating restated by investment analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They presently have a $78.00 price target on the restaurant operator’s stock. Robert W. Baird’s price objective would suggest a potential upside of 1.99% from the company’s current price.

YUM has been the subject of several other research reports. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, August 1st. BidaskClub lowered shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $78.00 target price (up previously from $75.00) on shares of Yum! Brands in a research note on Tuesday, May 30th. Deutsche Bank AG reiterated a “hold” rating and set a $75.00 target price (up previously from $71.00) on shares of Yum! Brands in a research note on Monday, July 10th. Finally, Argus reiterated a “buy” rating and set a $88.00 target price (up previously from $80.00) on shares of Yum! Brands in a research note on Wednesday, August 23rd. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $80.31.

Shares of Yum! Brands (YUM) traded up 0.01% on Friday, reaching $76.48. 1,376,166 shares of the company’s stock traded hands. The stock has a market capitalization of $26.37 billion, a PE ratio of 20.30 and a beta of 0.83. Yum! Brands has a 52 week low of $59.57 and a 52 week high of $77.48. The company has a 50 day moving average of $75.72 and a 200-day moving average of $70.44.

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

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In other Yum! Brands news, CEO Brian R. Niccol sold 1,487 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were 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 of the company’s stock, valued at approximately $495,996.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David W. Gibbs sold 8,336 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total transaction of $616,864.00. Following the completion of 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. 7.38% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Yum! Brands by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 22,604,873 shares of the restaurant operator’s stock valued at $1,667,335,000 after acquiring an additional 711,910 shares during the last quarter. BlackRock Inc. lifted its holdings 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 acquiring an additional 19,249,564 shares during the last quarter. Magellan Asset Management Ltd lifted its holdings in Yum! Brands by 2.0% in the 2nd quarter. Magellan Asset Management Ltd now owns 15,446,852 shares of the restaurant operator’s stock valued at $1,139,360,000 after acquiring an additional 308,387 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Yum! Brands by 11.9% in the 1st quarter. Bank of New York Mellon Corp now owns 7,100,759 shares of the restaurant operator’s stock valued at $453,737,000 after acquiring an additional 755,288 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in Yum! Brands by 0.3% in the 1st quarter. Loomis Sayles & Co. L P now owns 6,379,688 shares of the restaurant operator’s stock valued at $407,662,000 after acquiring an additional 17,799 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

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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