Yum! Brands (NYSE:YUM) had its price objective upped by BTIG Research from $92.00 to $102.00 in a research note published on Wednesday morning, The Fly reports. They currently have a buy rating on the restaurant operator’s stock.
Several other brokerages also recently commented on YUM. UBS Group set a $99.00 target price on Yum! Brands and gave the company a buy rating in a report on Monday, September 10th. BMO Capital Markets reiterated a hold rating and set a $88.00 target price on shares of Yum! Brands in a report on Friday, August 3rd. KeyCorp initiated coverage on Yum! Brands in a report on Wednesday, October 3rd. They set a sector weight rating on the stock. ValuEngine upgraded Yum! Brands from a hold rating to a buy rating in a report on Friday, September 7th. Finally, Citigroup raised their target price on Yum! Brands from $80.00 to $87.00 and gave the company a neutral rating in a report on Tuesday, June 19th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Yum! Brands has an average rating of Hold and a consensus price target of $88.06.
NYSE YUM opened at $88.05 on Wednesday. The stock has a market capitalization of $28.85 billion, a PE ratio of 29.75, a PEG ratio of 2.04 and a beta of 0.86. Yum! Brands has a 1-year low of $74.18 and a 1-year high of $92.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of -1.33.
Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 2nd. The restaurant operator reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Yum! Brands had a negative return on equity of 17.36% and a net margin of 27.95%. The company’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. Sell-side analysts expect that Yum! Brands will post 3.5 EPS for the current fiscal year.
Yum! Brands announced that its board has initiated a stock repurchase program on Friday, August 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the restaurant operator to repurchase up to 7.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
In other Yum! Brands news, CFO David W. Gibbs sold 6,369 shares of Yum! Brands stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $87.83, for a total transaction of $559,389.27. Following the sale, the chief financial officer now directly owns 47,701 shares in the company, valued at approximately $4,189,578.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Eric Russell sold 7,340 shares of Yum! Brands stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $90.00, for a total value of $660,600.00. Following the sale, the vice president now owns 25,960 shares in the company, valued at $2,336,400. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Yum! Brands by 3.8% during the 2nd quarter. BlackRock Inc. now owns 21,758,890 shares of the restaurant operator’s stock worth $1,701,978,000 after purchasing an additional 802,066 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Yum! Brands by 0.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,143,947 shares of the restaurant operator’s stock worth $182,514,000 after purchasing an additional 15,927 shares during the last quarter. Millennium Management LLC increased its holdings in Yum! Brands by 447.8% during the 2nd quarter. Millennium Management LLC now owns 1,404,786 shares of the restaurant operator’s stock worth $109,882,000 after purchasing an additional 1,148,364 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Yum! Brands by 57.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,311,033 shares of the restaurant operator’s stock worth $102,549,000 after purchasing an additional 475,994 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Yum! Brands by 13.9% during the 2nd quarter. Swiss National Bank now owns 1,284,796 shares of the restaurant operator’s stock worth $100,497,000 after purchasing an additional 156,500 shares during the last quarter. Institutional investors own 71.41% 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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