Yum! Brands (NYSE:YUM) Given New $110.00 Price Target at Stifel Nicolaus

Yum! Brands (NYSE:YUM) had its price objective increased by Stifel Nicolaus from $100.00 to $110.00 in a research note published on Friday, BenzingaRatingsTable reports. Stifel Nicolaus currently has a hold rating on the restaurant operator’s stock.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their target price on Yum! Brands from $97.00 to $102.00 and gave the stock a neutral rating in a report on Friday, June 28th. Robert W. Baird reiterated an outperform rating and set a $112.00 target price on shares of Yum! Brands in a report on Monday, April 29th. Longbow Research cut Yum! Brands from a neutral rating to an underperform rating and set a $91.00 target price for the company. in a report on Monday, July 1st. Evercore ISI began coverage on Yum! Brands in a report on Tuesday, June 11th. They set an outperform rating and a $120.00 target price for the company. Finally, Tigress Financial reiterated a buy rating on shares of Yum! Brands in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $107.06.

Yum! Brands stock traded up $0.41 during mid-day trading on Friday, hitting $117.35. 1,764,385 shares of the company’s stock were exchanged, compared to its average volume of 1,079,920. The firm has a market capitalization of $34.43 billion, a price-to-earnings ratio of 37.02, a P/E/G ratio of 2.40 and a beta of 0.53. Yum! Brands has a fifty-two week low of $80.67 and a fifty-two week high of $119.72. The company has a 50 day moving average price of $111.39.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. On average, equities research analysts expect that Yum! Brands will post 3.75 EPS for the current year.

In other news, CEO Greg Creed sold 44,949 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $105.82, for a total value of $4,756,503.18. Following the completion of the transaction, the chief executive officer now owns 158,745 shares in the company, valued at approximately $16,798,395.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David W. Gibbs sold 1,531 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $100.25, for a total value of $153,482.75. Following the completion of the transaction, the chief financial officer now owns 43,516 shares of the company’s stock, valued at approximately $4,362,479. The disclosure for this sale can be found here. Insiders sold a total of 58,458 shares of company stock valued at $6,203,386 in the last 90 days. 0.67% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Financial Mangement LLC grew its holdings in Yum! Brands by 3.3% during the second quarter. Boston Financial Mangement LLC now owns 3,140 shares of the restaurant operator’s stock worth $348,000 after purchasing an additional 100 shares during the period. JNBA Financial Advisors grew its holdings in Yum! Brands by 21.6% during the second quarter. JNBA Financial Advisors now owns 562 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 100 shares during the period. Glassman Wealth Services grew its holdings in Yum! Brands by 21.3% during the first quarter. Glassman Wealth Services now owns 586 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 103 shares during the period. Wealth Alliance Advisory Group LLC grew its holdings in Yum! Brands by 2.8% during the second quarter. Wealth Alliance Advisory Group LLC now owns 3,967 shares of the restaurant operator’s stock worth $444,000 after purchasing an additional 108 shares during the period. Finally, Rossmore Private Capital grew its holdings in Yum! Brands by 2.5% during the first quarter. Rossmore Private Capital now owns 4,711 shares of the restaurant operator’s stock worth $470,000 after purchasing an additional 115 shares during the period. Institutional investors own 74.83% of the company’s stock.

About Yum! Brands

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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