Yum! Brands’ (YUM) “Hold” Rating Reaffirmed at Robert W. Baird
Yum! Brands, Inc. (NYSE:YUM)‘s stock had its “hold” rating reaffirmed by research analysts at Robert W. Baird in a research note issued to investors on Thursday. They presently have a $78.00 price target on the restaurant operator’s stock. Robert W. Baird’s target price would suggest a potential upside of 1.77% from the company’s current price.
A number of other equities analysts have also commented on the company. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Thursday, July 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $83.00 price objective on shares of Yum! Brands in a research note on Monday, September 11th. Oppenheimer Holdings, Inc. lifted their price objective on Yum! Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, September 8th. CIBC lifted their price objective on Yum! Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, September 8th. Finally, BidaskClub raised Yum! Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Eleven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $79.89.
Yum! Brands (YUM) traded down 0.04% on Thursday, reaching $76.61. 622,223 shares of the company’s stock were exchanged. Yum! Brands has a 52 week low of $59.43 and a 52 week high of $78.14. The stock’s 50 day moving average is $75.69 and its 200 day moving average is $72.26. The company has a market cap of $26.41 billion, a price-to-earnings ratio of 20.34 and a beta of 0.81.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate 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%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. On average, equities analysts anticipate that Yum! Brands will post $2.81 earnings per share for the current year.
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In other news, CFO David W. Gibbs sold 8,336 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the transaction, the chief financial officer now owns 39,664 shares of the company’s stock, valued at approximately $2,935,136. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.38% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in Yum! Brands by 1.0% during the 2nd quarter. Principal Financial Group Inc. now owns 985,546 shares of the restaurant operator’s stock worth $72,694,000 after purchasing an additional 9,754 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Yum! Brands by 25.7% during the 2nd quarter. Teachers Advisors LLC now owns 556,212 shares of the restaurant operator’s stock worth $41,026,000 after purchasing an additional 113,582 shares in the last quarter. Whalerock Point Partners LLC lifted its holdings in Yum! Brands by 3.0% during the 2nd quarter. Whalerock Point Partners LLC now owns 8,500 shares of the restaurant operator’s stock worth $627,000 after purchasing an additional 250 shares in the last quarter. Delta Lloyd Asset Management N.V. purchased a new stake in Yum! Brands during the 2nd quarter worth about $13,136,000. Finally, Bank of Montreal Can lifted its holdings in Yum! Brands by 81.5% during the 2nd quarter. Bank of Montreal Can now owns 754,879 shares of the restaurant operator’s stock worth $55,679,000 after purchasing an additional 338,941 shares in the last quarter. 72.06% of the stock is currently owned by institutional investors and hedge funds.
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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