Yum! Brands, Inc. (YUM) Given Consensus Rating of “Buy” by Brokerages
Shares of Yum! Brands, Inc. (NYSE:YUM) have earned an average rating of “Buy” from the twenty-nine analysts that are presently covering the stock, MarketBeat reports. Fourteen investment analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $79.45.
A number of research analysts have commented on the stock. Mizuho assumed coverage on shares of Yum! Brands in a research report on Thursday, June 8th. They issued a “neutral” rating and a $74.00 target price on the stock. BidaskClub cut shares of Yum! Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Bank of America Corporation reiterated a “neutral” rating and set a $78.00 price target (up from $72.00) on shares of Yum! Brands in a research report on Tuesday, June 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $75.00 price target on shares of Yum! Brands in a research report on Thursday, June 15th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Yum! Brands in a research note on Monday, July 3rd.
Shares of Yum! Brands (NYSE YUM) traded up 0.19% during midday trading on Wednesday, hitting $73.75. The company had a trading volume of 2,154,956 shares. The company has a 50-day moving average of $76.04 and a 200-day moving average of $71.06. The company has a market capitalization of $25.43 billion, a PE ratio of 19.58 and a beta of 0.81. Yum! Brands has a 12 month low of $59.57 and a 12 month high of $78.14.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the company earned $0.75 EPS. Analysts predict that Yum! Brands will post $2.81 earnings per share for the current year.
In other news, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 39,664 shares in the company, valued at approximately $2,935,136. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Perpetual Ltd purchased a new position in shares of Yum! Brands in the 2nd quarter valued at $5,535,000. Davidson Kempner Capital Management LP lifted its position in Yum! Brands by 440.0% in the second quarter. Davidson Kempner Capital Management LP now owns 675,000 shares of the restaurant operator’s stock valued at $49,788,000 after acquiring an additional 550,000 shares during the last quarter. Toronto Dominion Bank lifted its position in Yum! Brands by 23.4% in the second quarter. Toronto Dominion Bank now owns 112,134 shares of the restaurant operator’s stock valued at $8,269,000 after acquiring an additional 21,284 shares during the last quarter. Cetera Investment Advisers lifted its position in Yum! Brands by 20.2% in the second quarter. Cetera Investment Advisers now owns 9,327 shares of the restaurant operator’s stock valued at $687,000 after acquiring an additional 1,565 shares during the last quarter. Finally, Fort Pitt Capital Group LLC lifted its position in Yum! Brands by 16.9% in the second quarter. Fort Pitt Capital Group LLC now owns 4,150 shares of the restaurant operator’s stock valued at $306,000 after acquiring an additional 600 shares during the last quarter. 72.06% of the stock is currently owned by hedge funds and other 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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