Yum! Brands, Inc. (YUM) PT Raised to $80.00 at BMO Capital Markets
Yum! Brands, Inc. (NYSE:YUM) had its price target raised by analysts at BMO Capital Markets from $77.00 to $80.00 in a research note issued to investors on Friday. The firm currently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 1.38% from the company’s current price.
A number of other equities analysts have also weighed in on the stock. Morgan Stanley upped their target price on shares of Yum! Brands from $77.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday. Cowen and Company reaffirmed a “buy” rating and set a $91.00 price target on shares of Yum! Brands in a research note on Friday. Jefferies Group LLC upped their price target on shares of Yum! Brands from $66.00 to $75.00 and gave the company a “hold” rating in a research note on Friday. Robert W. Baird upped their price target on shares of Yum! Brands from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Nomura upped their price target on shares of Yum! Brands from $85.00 to $89.00 and gave the company a “buy” rating in a research note on Friday. Twelve investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $80.95.
Shares of Yum! Brands (YUM) traded up $4.60 during trading hours on Friday, hitting $78.91. 2,583,978 shares of the company were exchanged, compared to its average volume of 1,871,481. The stock has a market cap of $27,288.81, a P/E ratio of 28.27 and a beta of 0.86.
Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. Yum! Brands’s revenue for the quarter was down 5.4% on a year-over-year basis. research analysts expect that Yum! Brands will post 2.79 earnings per share for the current fiscal year.
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In related news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.38% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Hudock Capital Group LLC grew its holdings in Yum! Brands by 0.3% during the 3rd quarter. Hudock Capital Group LLC now owns 1,112 shares of the restaurant operator’s stock worth $101,000 after acquiring an additional 3 shares in the last quarter. Parallel Advisors LLC bought a new position in Yum! Brands during the 4th quarter worth about $101,000. YorkBridge Wealth Partners LLC grew its holdings in Yum! Brands by 49.0% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 512 shares in the last quarter. Acrospire Investment Management LLC bought a new position in Yum! Brands during the 2nd quarter worth about $104,000. Finally, Advisory Services Network LLC grew its holdings in Yum! Brands by 9.2% during the 2nd quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock worth $107,000 after acquiring an additional 109 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors.
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.
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