Yum! Brands (NYSE:YUM) PT Raised to $144.00

Yum! Brands (NYSE:YUM) had its target price raised by investment analysts at JPMorgan Chase & Co. from $137.00 to $144.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 8.80% from the stock’s current price.

A number of other brokerages have also recently commented on YUM. TD Cowen reaffirmed a “buy” rating and issued a $156.00 target price on shares of Yum! Brands in a report on Thursday, September 12th. Morgan Stanley lowered their price objective on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. 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 report on Monday, July 22nd. Evercore ISI downgraded shares of Yum! Brands from an “outperform” rating to an “inline” rating and lowered their price target for the company from $160.00 to $145.00 in a report on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.25.

Yum! Brands Stock Performance

YUM stock opened at $132.35 on Monday. The business’s 50-day moving average is $133.27 and its two-hundred day moving average is $135.68. The company has a market cap of $37.21 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 2.04 and a beta of 1.08. Yum! Brands has a fifty-two week low of $115.53 and a fifty-two week high of $143.20.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm posted $1.41 earnings per share. Equities analysts predict that Yum! Brands will post 5.62 earnings per share for the current year.

Insider Transactions at Yum! Brands

In related news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 155,883 shares in the company, valued at $20,955,351.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction on Monday, September 16th. The shares were 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 directly owns 155,883 shares of the company’s stock, valued at $20,955,351.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sabir Sami sold 71,051 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total transaction of $9,745,355.16. Following the completion of the sale, the chief executive officer now directly owns 68 shares in the company, valued at approximately $9,326.88. The disclosure for this sale can be found here. Insiders have sold a total of 101,629 shares of company stock worth $13,888,443 in the last three months. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Ruedi Wealth Management Inc. increased its stake in Yum! Brands by 79.8% in the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 83 shares during the period. Manchester Capital Management LLC increased its stake in Yum! Brands by 165.7% in the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock worth $26,000 after buying an additional 116 shares during the period. Redmont Wealth Advisors LLC bought a new stake in Yum! Brands during the 1st quarter valued at about $28,000. Crewe Advisors LLC purchased a new stake in Yum! Brands in the 1st quarter valued at about $28,000. Finally, Meeder Asset Management Inc. grew its stake in Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Company Profile

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.