Yum! Brands, Inc. (YUM) Given New $89.00 Price Target at Nomura
Yum! Brands, Inc. (NYSE:YUM) had its price objective upped by equities researchers at Nomura from $85.00 to $89.00 in a report issued on Friday. The firm presently has a “buy” rating on the restaurant operator’s stock. Nomura’s price objective indicates a potential upside of 12.79% from the stock’s previous close.
A number of other equities analysts have also recently commented on YUM. UBS AG lifted their target price on shares of Yum! Brands from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $83.00 target price on shares of Yum! Brands in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, August 1st. Argus reiterated a “buy” rating and issued a $88.00 target price (up previously from $80.00) on shares of Yum! Brands in a research report on Wednesday, August 23rd. Finally, Cowen and Company reiterated a “buy” rating and issued a $85.00 target price on shares of Yum! Brands in a research report on Friday, September 8th. Twelve analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $80.95.
Yum! Brands (NYSE:YUM) traded down $0.24 during midday trading on Friday, hitting $78.91. 2,583,914 shares of the stock were exchanged, compared to its average volume of 1,871,481. Yum! Brands has a 52 week low of $59.57 and a 52 week high of $80.66. The company has a debt-to-equity ratio of -1.55, a current ratio of 1.42 and a quick ratio of 1.19. The company has a market cap of $27,206.04, a P/E ratio of 28.18, a P/E/G ratio of 2.40 and a beta of 0.86.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted $1.09 EPS. The firm’s revenue was down 5.4% compared to the same quarter last year. sell-side analysts predict that Yum! Brands will post 2.8 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 business’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 transaction, the chief financial officer now owns 39,664 shares in the company, valued at $2,935,136. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.38% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of YUM. NS Partners Ltd boosted its stake in Yum! Brands by 46.8% during the first quarter. NS Partners Ltd now owns 107,042 shares of the restaurant operator’s stock worth $6,840,000 after acquiring an additional 34,139 shares in the last quarter. Two Sigma Securities LLC bought a new stake in Yum! Brands during the first quarter worth about $279,000. Sii Investments Inc. WI boosted its stake in Yum! Brands by 20.1% during the first quarter. Sii Investments Inc. WI now owns 3,892 shares of the restaurant operator’s stock worth $246,000 after acquiring an additional 652 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in Yum! Brands during the first quarter worth about $14,372,000. Finally, Scopus Asset Management L.P. bought a new stake in Yum! Brands during the first quarter worth about $12,780,000. 72.02% 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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