Yum! Brands (YUM) Lowered to Sell at Goldman Sachs Group

Goldman Sachs Group downgraded shares of Yum! Brands (NYSE:YUM) from a neutral rating to a sell rating in a report released on Friday, MarketBeat.com reports. They currently have $76.00 price target on the restaurant operator’s stock, down from their previous price target of $83.00.

Several other brokerages have also commented on YUM. Cowen reaffirmed a buy rating and issued a $100.00 price objective on shares of Yum! Brands in a report on Sunday, December 2nd. Zacks Investment Research lowered Yum! Brands from a buy rating to a hold rating in a report on Saturday, December 1st. BTIG Research boosted their price target on Yum! Brands from $92.00 to $102.00 and gave the company a buy rating in a report on Wednesday, October 10th. Gordon Haskett began coverage on Yum! Brands in a report on Thursday, October 18th. They set a hold rating and a $90.00 price target for the company. Finally, KeyCorp began coverage on Yum! Brands in a report on Wednesday, October 3rd. They set a sector weight rating for the company. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. Yum! Brands has an average rating of Hold and a consensus target price of $90.41.

Shares of YUM traded down $0.85 during trading hours on Friday, hitting $90.94. The stock had a trading volume of 2,346,578 shares, compared to its average volume of 2,385,535. Yum! Brands has a 12 month low of $75.88 and a 12 month high of $94.13. The firm has a market capitalization of $28.46 billion, a P/E ratio of 30.72, a PEG ratio of 1.88 and a beta of 0.70.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.21. Yum! Brands had a negative return on equity of 17.89% and a net margin of 28.81%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. Yum! Brands’s revenue was down 3.1% compared to the same quarter last year. On average, research analysts anticipate that Yum! Brands will post 3.72 earnings per share for the current fiscal year.

In related news, CEO Roger G. Eaton sold 44,823 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $90.54, for a total value of $4,058,274.42. Following the sale, the chief executive officer now directly owns 160,726 shares in the company, valued at $14,552,132.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $559,380.42. Following the completion of the sale, the chief financial officer now owns 47,764 shares in the company, valued at $4,197,022.68. The disclosure for this sale can be found here. Insiders sold 64,771 shares of company stock worth $5,836,523 over the last 90 days. Company insiders own 0.63% of the company’s stock.

Several large investors have recently bought and sold shares of YUM. Victory Capital Management Inc. lifted its position in shares of Yum! Brands by 3,028.1% in the third quarter. Victory Capital Management Inc. now owns 1,748,932 shares of the restaurant operator’s stock worth $158,996,000 after buying an additional 1,693,021 shares in the last quarter. Millennium Management LLC raised its position in Yum! Brands by 447.8% during the second quarter. Millennium Management LLC now owns 1,404,786 shares of the restaurant operator’s stock valued at $109,882,000 after purchasing an additional 1,148,364 shares during the period. Federated Investors Inc. PA raised its position in Yum! Brands by 608.2% during the third quarter. Federated Investors Inc. PA now owns 721,958 shares of the restaurant operator’s stock valued at $65,633,000 after purchasing an additional 620,015 shares during the period. Renaissance Technologies LLC purchased a new stake in Yum! Brands during the second quarter valued at approximately $41,120,000. Finally, O Shaughnessy Asset Management LLC raised its position in Yum! Brands by 127.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 731,402 shares of the restaurant operator’s stock valued at $66,305,000 after purchasing an additional 410,049 shares during the period. Institutional investors own 70.78% 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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