Yum! Brands (NYSE:YUM) Price Target Cut to $145.00

Yum! Brands (NYSE:YUM) had its price target trimmed by Bank of America from $147.00 to $145.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

YUM has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. TD Cowen cut shares of Yum! Brands from a “buy” rating to a “hold” rating and lowered their price objective for the company from $156.00 to $145.00 in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Morgan Stanley reduced their target price on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, Stifel Nicolaus reduced their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Yum! Brands presently has an average rating of “Hold” and an average price target of $146.44.

Yum! Brands Stock Performance

Shares of Yum! Brands stock opened at $133.36 on Tuesday. The firm has a fifty day moving average of $134.90 and a two-hundred day moving average of $135.11. The stock has a market capitalization of $37.56 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.06 and a beta of 1.08. Yum! Brands has a 52 week low of $118.28 and a 52 week high of $143.20.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the company earned $1.41 EPS. As a group, research analysts forecast that Yum! Brands will post 5.6 EPS for the current fiscal year.

Yum! Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.01%. Yum! Brands’s dividend payout ratio is 47.52%.

Insider Buying and Selling

In related news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 152,634 shares in the company, valued at approximately $20,518,588.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total transaction of $974,956.48. Following the completion of the sale, the chief executive officer now owns 159,132 shares in the company, valued at $21,947,485.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the sale, the chief executive officer now owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,673 shares of company stock worth $13,918,095. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Yum! Brands

A number of institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in shares of Yum! Brands by 14,151.9% during the third quarter. International Assets Investment Management LLC now owns 148,220 shares of the restaurant operator’s stock worth $20,708,000 after acquiring an additional 147,180 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Yum! Brands in the third quarter valued at approximately $217,000. Private Advisor Group LLC raised its position in shares of Yum! Brands by 6.5% in the third quarter. Private Advisor Group LLC now owns 18,079 shares of the restaurant operator’s stock valued at $2,526,000 after buying an additional 1,110 shares in the last quarter. Eastern Bank acquired a new stake in shares of Yum! Brands in the third quarter valued at approximately $1,163,000. Finally, Ledyard National Bank raised its position in shares of Yum! Brands by 26.4% in the third quarter. Ledyard National Bank now owns 2,358 shares of the restaurant operator’s stock valued at $329,000 after buying an additional 493 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

About Yum! Brands

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.