Analysts Set Yum! Brands, Inc. (NYSE:YUM) Price Target at $110.56

Yum! Brands, Inc. (NYSE:YUM) has earned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $111.93.

Several research firms have recently weighed in on YUM. Citigroup set a $138.00 price target on Yum! Brands and gave the company a “hold” rating in a report on Monday, August 12th. Goldman Sachs Group initiated coverage on Yum! Brands in a report on Monday, July 29th. They set a “neutral” rating and a $115.00 price target on the stock. Longbow Research cut Yum! Brands from a “neutral” rating to an “underperform” rating and set a $91.00 target price on the stock. in a report on Monday, July 1st. Evercore ISI reaffirmed a “buy” rating and issued a $130.00 target price on shares of Yum! Brands in a report on Tuesday, August 13th. Finally, Edward Jones cut Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, July 1st.

Shares of NYSE YUM traded down $2.07 during midday trading on Thursday, hitting $110.24. 81,343 shares of the stock traded hands, compared to its average volume of 1,502,847. The firm has a 50-day moving average of $113.88 and a two-hundred day moving average of $109.68. The firm has a market capitalization of $34.17 billion, a P/E ratio of 34.79, a PEG ratio of 2.37 and a beta of 0.50. Yum! Brands has a one year low of $84.53 and a one year high of $119.72.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. On average, equities analysts anticipate that Yum! Brands will post 3.87 earnings per share for the current year.

In other Yum! Brands news, President David W. Gibbs sold 1,578 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $110.48, for a total transaction of $174,337.44. Following the sale, the president now directly owns 42,928 shares of the company’s stock, valued at $4,742,685.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Greg Creed sold 11,389 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $116.93, for a total value of $1,331,715.77. Following the sale, the chief executive officer now directly owns 25,004 shares in the company, valued at $2,923,717.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,959 shares of company stock worth $2,657,189. 0.67% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Yum! Brands by 13.3% during the second quarter. BlackRock Inc. now owns 25,133,613 shares of the restaurant operator’s stock valued at $2,781,538,000 after acquiring an additional 2,947,074 shares during the period. Vanguard Group Inc. grew its position in shares of Yum! Brands by 2.0% during the second quarter. Vanguard Group Inc. now owns 23,449,609 shares of the restaurant operator’s stock valued at $2,595,169,000 after purchasing an additional 452,824 shares in the last quarter. Sustainable Growth Advisers LP grew its position in shares of Yum! Brands by 0.4% during the second quarter. Sustainable Growth Advisers LP now owns 4,525,321 shares of the restaurant operator’s stock valued at $500,817,000 after purchasing an additional 18,214 shares in the last quarter. Northern Trust Corp grew its position in shares of Yum! Brands by 1.0% during the second quarter. Northern Trust Corp now owns 3,954,878 shares of the restaurant operator’s stock valued at $437,687,000 after purchasing an additional 39,444 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in shares of Yum! Brands by 41.3% during the second quarter. APG Asset Management N.V. now owns 3,505,024 shares of the restaurant operator’s stock valued at $340,623,000 after purchasing an additional 1,024,300 shares in the last quarter. 75.33% of the stock is currently owned by institutional investors and hedge funds.

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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