Deutsche Bank Raises Yum! Brands (YUM) Price Target to $82.00

Yum! Brands (NYSE:YUM) had its target price hoisted by investment analysts at Deutsche Bank from $75.00 to $82.00 in a report released on Monday. The firm currently has a “hold” rating on the restaurant operator’s stock. Deutsche Bank’s price objective suggests a potential upside of 5.06% from the company’s current price.

A number of other analysts have also recently commented on YUM. Zacks Investment Research cut shares of Yum! Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Barclays upped their price objective on shares of Yum! Brands from $74.00 to $78.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Oppenheimer restated a “buy” rating and issued a $85.00 price objective on shares of Yum! Brands in a research report on Monday, October 30th. Mizuho set a $74.00 target price on shares of Yum! Brands and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Finally, UBS Group reaffirmed 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, November 3rd. Fourteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Yum! Brands currently has a consensus rating of “Buy” and a consensus price target of $82.26.

Shares of Yum! Brands (NYSE:YUM) traded down $1.26 during trading on Monday, hitting $78.05. 632,079 shares of the company’s stock traded hands, compared to its average volume of 2,015,279. The company has a market cap of $26,700.00, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. Yum! Brands has a 52 week low of $62.85 and a 52 week high of $86.93. The company has a quick ratio of 1.65, a current ratio of 1.66 and a debt-to-equity ratio of -1.49.

Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, February 8th. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.80 by $0.16. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Yum! Brands had a net margin of 22.80% and a negative return on equity of 17.27%. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. research analysts forecast that Yum! Brands will post 3.29 earnings per share for the current fiscal year.

Yum! Brands declared that its board has approved a share buyback program on Friday, November 17th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

In related news, CEO Brian R. Niccol sold 1,104 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $82.37, for a total value of $90,936.48. Following the completion of the sale, the chief executive officer now directly owns 5,509 shares in the company, valued at approximately $453,776.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian R. Niccol sold 2,294 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $84.90, for a total transaction of $194,760.60. Following the completion of the sale, the chief executive officer now owns 10,160 shares of the company’s stock, valued at $862,584. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,325 shares of company stock valued at $363,065. Company insiders own 0.65% of the company’s stock.

Large investors have recently modified their holdings of the stock. Hudock Capital Group LLC increased its holdings in shares of Yum! Brands by 0.3% during the third quarter. Hudock Capital Group LLC now owns 1,112 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 3 shares during the period. Calton & Associates Inc. bought a new position in Yum! Brands in the fourth quarter valued at approximately $102,000. Advisory Services Network LLC increased its stake in Yum! Brands by 9.2% in the second 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 last quarter. BKS Advisors LLC bought a new position in Yum! Brands in the third quarter valued at approximately $117,000. Finally, Tortoise Investment Management LLC increased its stake in Yum! Brands by 10.4% in the second 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 last quarter. Institutional investors and hedge funds own 73.23% of the company’s stock.

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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.

Analyst Recommendations for Yum! Brands (NYSE:YUM)

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