Yum! Brands, Inc. (YUM) PT Raised to $82.00
Yum! Brands, Inc. (NYSE:YUM) had its price target hoisted by investment analysts at Morgan Stanley from $77.00 to $82.00 in a note issued to investors on Friday. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price objective would indicate a potential upside of 3.92% from the stock’s current price.
YUM has been the topic of a number of other reports. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Tuesday, August 1st. Stifel Nicolaus initiated coverage on shares of Yum! Brands in a research report on Monday, October 2nd. They issued a “buy” rating and a $88.00 price objective on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $83.00 price objective on shares of Yum! Brands in a research report on Monday, September 11th. Nomura increased their price objective on shares of Yum! Brands from $85.00 to $89.00 and gave the company a “buy” rating in a research report on Friday. Finally, Barclays PLC increased their price objective on shares of Yum! Brands from $74.00 to $78.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Twelve investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $80.95.
Shares of Yum! Brands (YUM) opened at $78.91 on Friday. Yum! Brands has a 52-week low of $59.57 and a 52-week high of $80.66. The company has a debt-to-equity ratio of -1.55, a current ratio of 1.42 and a quick ratio of 1.19. The company has a market cap of $27,206.04, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the firm posted $1.09 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. equities research analysts anticipate that Yum! Brands will post 2.8 earnings per share for the current year.
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In other 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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.38% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in YUM. NS Partners Ltd lifted its stake in shares of Yum! Brands by 46.8% in the 1st quarter. NS Partners Ltd now owns 107,042 shares of the restaurant operator’s stock worth $6,840,000 after acquiring an additional 34,139 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Yum! Brands in the 1st quarter valued at about $279,000. Sii Investments Inc. WI increased its holdings in shares of Yum! Brands by 20.1% in the 1st quarter. Sii Investments Inc. WI now owns 3,892 shares of the restaurant operator’s stock valued at $246,000 after purchasing an additional 652 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Yum! Brands in the 1st quarter valued at about $14,372,000. Finally, Scopus Asset Management L.P. purchased a new position in shares of Yum! Brands in the 1st quarter valued at about $12,780,000. Institutional investors own 72.02% of the company’s stock.
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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