Yum! Brands, Inc. (NYSE:YUM) had its price objective raised by Oppenheimer Holdings, Inc. from $80.00 to $85.00 in a report published on Friday morning, Marketbeat Ratings reports. Oppenheimer Holdings, Inc. currently has an outperform rating on the restaurant operator’s stock.
YUM has been the topic of a number of other research reports. Zacks Investment Research raised shares of Yum! Brands from a hold rating to a buy rating and set a $85.00 price target on the stock in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Yum! Brands from a strong-buy rating to a buy rating in a research note on Saturday, July 1st. Deutsche Bank AG reaffirmed a hold rating and set a $75.00 price target (up previously from $71.00) on shares of Yum! Brands in a research note on Monday, July 10th. Argus reaffirmed a buy rating and set a $88.00 price target (up previously from $80.00) on shares of Yum! Brands in a research note on Wednesday, August 23rd. Finally, Cowen and Company reaffirmed a buy rating and set a $85.00 price target on shares of Yum! Brands in a research note on Friday. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $80.31.
Shares of Yum! Brands (YUM) opened at 77.80 on Friday. Yum! Brands has a 12-month low of $59.57 and a 12-month high of $78.14. The firm has a market cap of $26.82 billion, a P/E ratio of 20.65 and a beta of 0.83. The company has a 50-day moving average of $75.75 and a 200 day moving average of $70.53.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Equities research analysts anticipate that Yum! Brands will post $2.82 earnings per share for the current fiscal year.
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In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total transaction of $616,864.00. Following the completion of the transaction, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at approximately $2,935,136. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 1,487 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the transaction, the chief executive officer now directly owns 6,719 shares of the company’s stock, valued at $495,996.58. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank grew its holdings in Yum! Brands by 23.4% during the 2nd quarter. Toronto Dominion Bank now owns 112,134 shares of the restaurant operator’s stock worth $8,269,000 after acquiring an additional 21,284 shares in the last quarter. Cetera Investment Advisers grew its holdings in Yum! Brands by 20.2% during the 2nd quarter. Cetera Investment Advisers now owns 9,327 shares of the restaurant operator’s stock worth $687,000 after acquiring an additional 1,565 shares in the last quarter. Fort Pitt Capital Group LLC grew its holdings in Yum! Brands by 16.9% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 4,150 shares of the restaurant operator’s stock worth $306,000 after acquiring an additional 600 shares in the last quarter. WINTON GROUP Ltd grew its holdings in Yum! Brands by 63.3% during the 2nd quarter. WINTON GROUP Ltd now owns 16,017 shares of the restaurant operator’s stock worth $1,181,000 after acquiring an additional 6,208 shares in the last quarter. Finally, Amussen Hunsaker & Associates LLC acquired a new position in Yum! Brands during the 2nd quarter worth $260,000. 72.12% of the stock is owned by institutional investors.
Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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