Yum! Brands, Inc. (YUM) PT Raised to $82.00
Yum! Brands, Inc. (NYSE:YUM) had its price objective raised by research analysts at Morgan Stanley from $77.00 to $82.00 in a note issued to investors on Friday. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price objective would indicate a potential upside of 3.92% from the stock’s current price.
A number of other analysts have also recently commented on the stock. Cowen and Company reiterated a “buy” rating and issued a $91.00 target price on shares of Yum! Brands in a research note on Friday. Jefferies Group LLC lifted their target price on shares of Yum! Brands from $66.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday. Robert W. Baird lifted their target price on shares of Yum! Brands from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday. Nomura lifted their target price on shares of Yum! Brands from $85.00 to $89.00 and gave the stock a “buy” rating in a research note on Friday. Finally, UBS AG reiterated a “positive” rating and issued a $89.00 target price (up from $83.00) on shares of Yum! Brands in a research note on Friday. Twelve analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $80.95.
Yum! Brands (YUM) traded up $4.60 during trading hours on Friday, hitting $78.91. 2,583,978 shares of the stock were exchanged, compared to its average volume of 1,871,481. The firm 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 released its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $1.09 EPS. The company’s revenue was down 5.4% compared to the same quarter last year. sell-side analysts predict that Yum! Brands will post 2.79 earnings per share for the current fiscal year.
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In other news, CFO David W. Gibbs sold 8,336 shares of Yum! Brands stock in a transaction that occurred on 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 transaction, the chief financial officer now directly 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 SEC, which is available through the SEC website. 7.38% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Hudock Capital Group LLC grew its stake in Yum! Brands by 0.3% in the 3rd quarter. Hudock Capital Group LLC now owns 1,112 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 3 shares during the period. Advisory Services Network LLC grew its stake in Yum! Brands by 9.2% in the 2nd quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock valued at $107,000 after acquiring an additional 109 shares during the period. BKS Advisors LLC acquired a new stake in Yum! Brands in the 3rd quarter valued at $117,000. Tortoise Investment Management LLC grew its stake in Yum! Brands by 10.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 125 shares during the period. Finally, TLP Group LLC acquired a new stake in Yum! Brands in the 3rd quarter valued at $128,000. 72.02% of the stock is currently owned by hedge funds and other 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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