Morgan Stanley Boosts Yum! Brands (NYSE:YUM) Price Target to $113.00

Yum! Brands (NYSE:YUM) had its price objective lifted by Morgan Stanley from $103.00 to $113.00 in a research report sent to investors on Wednesday, Anlyst Ratings reports. Morgan Stanley currently has an overweight rating on the restaurant operator’s stock.

YUM has been the topic of several other research reports. Bank of America boosted their price target on Yum! Brands from $90.00 to $98.00 and gave the stock a neutral rating in a research report on Friday, August 28th. Stifel Nicolaus boosted their price target on Yum! Brands from $95.00 to $105.00 and gave the stock a buy rating in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft raised Yum! Brands from a hold rating to a buy rating and boosted their price target for the stock from $80.00 to $107.00 in a research report on Monday, August 3rd. Royal Bank of Canada boosted their price target on Yum! Brands from $87.00 to $94.00 and gave the stock a sector perform rating in a research report on Friday, July 31st. Finally, MKM Partners boosted their price target on Yum! Brands from $75.00 to $90.00 in a research report on Wednesday, June 24th. Fourteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Yum! Brands has a consensus rating of Hold and an average target price of $100.68.

Shares of Yum! Brands stock opened at $98.53 on Wednesday. The business’s 50 day simple moving average is $93.97 and its 200 day simple moving average is $88.78. Yum! Brands has a 52-week low of $54.95 and a 52-week high of $113.21. The firm has a market cap of $29.70 billion, a PE ratio of 29.59, a P/E/G ratio of 2.36 and a beta of 0.92.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.30. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The business’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. As a group, analysts anticipate that Yum! Brands will post 3.17 EPS for the current fiscal year.

In other news, CEO David W. Gibbs sold 2,339 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $92.85, for a total value of $217,176.15. Following the completion of the sale, the chief executive officer now directly owns 76,048 shares of the company’s stock, valued at $7,061,056.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Anthony Lowings sold 4,095 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $96.12, for a total value of $393,611.40. In the last quarter, insiders sold 21,478 shares of company stock worth $2,064,880. Corporate insiders own 0.72% of the company’s stock.

Several institutional investors have recently modified their holdings of YUM. Public Employees Retirement Association of Colorado raised its stake in shares of Yum! Brands by 5.0% in the first quarter. Public Employees Retirement Association of Colorado now owns 55,692 shares of the restaurant operator’s stock worth $3,817,000 after purchasing an additional 2,670 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Yum! Brands in the first quarter worth approximately $523,000. Mackenzie Financial Corp raised its stake in shares of Yum! Brands by 2.5% in the first quarter. Mackenzie Financial Corp now owns 27,444 shares of the restaurant operator’s stock worth $1,881,000 after purchasing an additional 678 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Yum! Brands by 17.1% in the first quarter. Thrivent Financial for Lutherans now owns 68,934 shares of the restaurant operator’s stock worth $4,738,000 after purchasing an additional 10,049 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Yum! Brands by 37.7% in the first quarter. Two Sigma Advisers LP now owns 978,181 shares of the restaurant operator’s stock worth $67,035,000 after purchasing an additional 268,000 shares during the last quarter. 75.22% of the stock is owned by hedge funds and other institutional investors.

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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