Robert W. Baird restated their hold rating on shares of Yum! Brands, Inc. (NYSE:YUM) in a report released on Friday morning. Robert W. Baird currently has a $78.00 target price on the restaurant operator’s stock.
Several other analysts also recently weighed in on YUM. Goldman Sachs Group, Inc. (The) raised Yum! Brands from a sell rating to a neutral rating and boosted their target price for the company from $57.00 to $65.00 in a report on Thursday, May 11th. Argus raised Yum! Brands from a hold rating to a buy rating and boosted their target price for the company from $69.95 to $80.00 in a report on Tuesday, May 16th. BMO Capital Markets reissued a hold rating and issued a $66.00 target price on shares of Yum! Brands in a report on Monday, May 22nd. Instinet reissued a buy rating and issued a $78.00 target price on shares of Yum! Brands in a report on Sunday, May 28th. Finally, Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $78.00 target price (up from $75.00) on shares of Yum! Brands in a report on Tuesday, May 30th. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $80.31.
Yum! Brands (NYSE YUM) opened at 76.48 on Friday. The stock has a 50 day moving average price of $75.72 and a 200 day moving average price of $70.44. The stock has a market capitalization of $26.37 billion, a PE ratio of 20.30 and a beta of 0.83. Yum! Brands has a 52 week low of $59.43 and a 52 week high of $77.48.
Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the firm posted $0.75 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts forecast that Yum! Brands will post $2.82 EPS for the current year.
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In related news, CFO David W. Gibbs sold 8,336 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the sale, the chief financial officer now owns 39,664 shares in the company, valued at approximately $2,935,136. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 1,487 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total value of $109,770.34. Following the completion of the sale, the chief executive officer now owns 6,719 shares in the company, valued at approximately $495,996.58. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in YUM. ING Groep NV grew its holdings in shares of Yum! Brands by 1,222.1% in the 1st quarter. ING Groep NV now owns 399,685 shares of the restaurant operator’s stock worth $25,540,000 after acquiring an additional 369,455 shares during the period. Cypress Capital Management LLC acquired a new stake in shares of Yum! Brands in the 1st quarter worth approximately $9,006,000. First Trust Advisors LP grew its holdings in shares of Yum! Brands by 17.9% in the 1st quarter. First Trust Advisors LP now owns 189,796 shares of the restaurant operator’s stock worth $12,128,000 after acquiring an additional 28,799 shares during the period. FTB Advisors Inc. grew its holdings in shares of Yum! Brands by 1.0% in the 1st quarter. FTB Advisors Inc. now owns 3,260 shares of the restaurant operator’s stock worth $208,000 after acquiring an additional 31 shares during the period. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in shares of Yum! Brands in the 1st quarter worth approximately $292,000. Institutional investors and hedge funds own 72.12% of the company’s stock.
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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