Yum! Brands, Inc. (YUM) PT Raised to $75.00 at Jefferies Group LLC
Yum! Brands, Inc. (NYSE:YUM) had its price target raised by stock analysts at Jefferies Group LLC from $66.00 to $75.00 in a report issued on Friday. The brokerage currently has a “hold” rating on the restaurant operator’s stock. Jefferies Group LLC’s price objective suggests a potential downside of 4.97% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. UBS AG boosted their target price on shares of Yum! Brands from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada reissued a “buy” rating and issued a $83.00 target price on shares of Yum! Brands in a research report on Friday, August 4th. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, August 1st. Argus reissued a “buy” rating and issued a $88.00 target price (up previously from $80.00) on shares of Yum! Brands in a research report on Wednesday, August 23rd. Finally, Cowen and Company reissued a “buy” rating and issued a $85.00 target price on shares of Yum! Brands in a research report on Friday, September 8th. Eleven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $80.48.
Yum! Brands (NYSE:YUM) traded up $4.61 during mid-day trading on Friday, reaching $78.92. 2,110,533 shares of the company’s stock were exchanged, compared to its average volume of 1,871,481. The stock has a market capitalization of $27,288.81, a P/E ratio of 28.27 and a beta of 0.86.
Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. Yum! Brands’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 earnings per share. research analysts forecast that Yum! Brands will post 2.79 EPS for the current year.
In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the 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 of the company’s stock, valued at approximately $2,935,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.38% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. HL Financial Services LLC increased its position in Yum! Brands by 13.4% during the 3rd quarter. HL Financial Services LLC now owns 18,953 shares of the restaurant operator’s stock valued at $1,395,000 after purchasing an additional 2,243 shares during the period. Jennison Associates LLC acquired a new stake in Yum! Brands during the 3rd quarter valued at approximately $2,226,000. Hennessy Advisors Inc. increased its position in Yum! Brands by 4.1% during the 3rd quarter. Hennessy Advisors Inc. now owns 30,400 shares of the restaurant operator’s stock valued at $2,238,000 after purchasing an additional 1,200 shares during the period. Smithfield Trust Co. increased its position in Yum! Brands by 400.0% during the 3rd quarter. Smithfield Trust Co. now owns 2,725 shares of the restaurant operator’s stock valued at $201,000 after purchasing an additional 2,180 shares during the period. Finally, Advantus Capital Management Inc increased its position in Yum! Brands by 5.0% during the 3rd quarter. Advantus Capital Management Inc now owns 34,960 shares of the restaurant operator’s stock valued at $2,573,000 after purchasing an additional 1,658 shares during the period. 72.02% of the stock is owned by institutional investors and hedge funds.
About Yum! Brands
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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