Yum! Brands (YUM) Earns Hold Rating from Analysts at Gordon Haskett

Gordon Haskett began coverage on shares of Yum! Brands (NYSE:YUM) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage issued a hold rating and a $90.00 price objective on the restaurant operator’s stock.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Yum! Brands from a hold rating to a buy rating and set a $101.00 target price for the company in a research report on Wednesday. BTIG Research boosted their target price on Yum! Brands from $92.00 to $102.00 and gave the stock a buy rating in a research report on Wednesday, October 10th. UBS Group set a $99.00 target price on Yum! Brands and gave the stock a buy rating in a research report on Monday, September 10th. ValuEngine raised Yum! Brands from a hold rating to a buy rating in a research report on Friday, September 7th. Finally, BMO Capital Markets reissued a hold rating and issued a $88.00 target price on shares of Yum! Brands in a research report on Friday, August 3rd. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $88.56.

NYSE:YUM traded down $0.31 during mid-day trading on Thursday, reaching $89.51. The company’s stock had a trading volume of 43,218 shares, compared to its average volume of 1,652,386. Yum! Brands has a 12-month low of $74.18 and a 12-month high of $92.21. The company has a debt-to-equity ratio of -1.33, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $28.99 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 2.04 and a beta of 0.86.

Yum! Brands (NYSE:YUM) last issued its earnings results on Thursday, August 2nd. The restaurant operator reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.08. Yum! Brands had a negative return on equity of 17.36% and a net margin of 27.95%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. Yum! Brands’s revenue was down 5.5% on a year-over-year basis. As a group, research analysts predict that Yum! Brands will post 3.5 earnings per share for the current year.

Yum! Brands announced that its board has initiated a share buyback plan on Friday, August 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the restaurant operator to repurchase up to 7.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

In other Yum! Brands news, CFO David W. Gibbs sold 6,366 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $87.87, for a total transaction of $559,380.42. Following the completion of the sale, the chief financial officer now directly owns 47,764 shares in the company, valued at approximately $4,197,022.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David W. Gibbs sold 6,369 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $87.83, for a total value of $559,389.27. Following the sale, the chief financial officer now owns 47,701 shares of the company’s stock, valued at $4,189,578.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,075 shares of company stock valued at $1,779,370. Corporate insiders own 0.63% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Yum! Brands by 3.8% during the 2nd quarter. BlackRock Inc. now owns 21,758,890 shares of the restaurant operator’s stock valued at $1,701,978,000 after acquiring an additional 802,066 shares during the period. Millennium Management LLC grew its stake in shares of Yum! Brands by 447.8% during the 2nd quarter. Millennium Management LLC now owns 1,404,786 shares of the restaurant operator’s stock valued at $109,882,000 after acquiring an additional 1,148,364 shares during the period. Wells Fargo & Company MN grew its stake in shares of Yum! Brands by 57.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,311,033 shares of the restaurant operator’s stock valued at $102,549,000 after acquiring an additional 475,994 shares during the period. Swiss National Bank grew its stake in shares of Yum! Brands by 13.9% during the 2nd quarter. Swiss National Bank now owns 1,284,796 shares of the restaurant operator’s stock valued at $100,497,000 after acquiring an additional 156,500 shares during the period. Finally, Frontier Capital Management Co. LLC grew its stake in shares of Yum! Brands by 14.4% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,278,207 shares of the restaurant operator’s stock valued at $99,981,000 after acquiring an additional 160,501 shares during the period. Institutional investors own 71.53% of the company’s stock.

Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Analyst Recommendations for Yum! Brands (NYSE:YUM)

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