Yum! Brands (NYSE:YUM) had its target price increased by Morgan Stanley from $97.00 to $106.00 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price target would suggest a potential downside of 5.80% from the company’s current price.
Other equities research analysts have also issued reports about the stock. Credit Suisse Group initiated coverage on shares of Arco Platform in a research note on Tuesday, June 25th. They issued a “neutral” rating on the stock. Edward Jones lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. Citigroup lowered shares of First Quantum Minerals from a “buy” rating to a “neutral” rating and reduced their price objective for the company from C$18.00 to C$13.00 in a research note on Tuesday, May 21st. Longbow Research reaffirmed a “hold” rating on shares of Snap-on in a research note on Monday, July 1st. Finally, Mizuho lowered shares of Wendys from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research note on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $101.50.
YUM opened at $112.53 on Thursday. Yum! Brands has a fifty-two week low of $77.68 and a fifty-two week high of $113.59. The company has a market cap of $34.43 billion, a price-to-earnings ratio of 35.50, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. The stock’s 50 day simple moving average is $109.44.
Yum! Brands (NYSE:YUM) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Yum! Brands had a net margin of 24.61% and a negative return on equity of 13.06%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the firm posted $0.90 EPS. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, analysts expect that Yum! Brands will post 3.82 earnings per share for the current fiscal year.
In related news, Director Robert D. Walter sold 2,780 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $100.61, for a total transaction of $279,695.80. Following the transaction, the director now directly owns 3,629 shares of the company’s stock, valued at $365,113.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David W. Gibbs sold 1,531 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $100.25, for a total transaction of $153,482.75. Following the transaction, the chief financial officer now directly owns 43,516 shares in the company, valued at $4,362,479. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,458 shares of company stock worth $6,203,386. 0.67% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Howe & Rusling Inc. acquired a new position in Yum! Brands during the first quarter worth $25,000. Bogart Wealth LLC raised its holdings in Yum! Brands by 70.0% during the first quarter. Bogart Wealth LLC now owns 340 shares of the restaurant operator’s stock worth $33,000 after buying an additional 140 shares during the last quarter. Sontag Advisory LLC acquired a new position in Yum! Brands during the fourth quarter worth $41,000. Motco raised its holdings in Yum! Brands by 74.6% during the first quarter. Motco now owns 468 shares of the restaurant operator’s stock worth $47,000 after buying an additional 200 shares during the last quarter. Finally, Advisory Alpha LLC acquired a new position in Yum! Brands during the first quarter worth $50,000. 74.85% of the stock is currently owned by institutional investors and hedge funds.
About Yum! Brands
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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