Yum! Brands’ (YUM) “Positive” Rating Reiterated at UBS AG
Yum! Brands, Inc. (NYSE:YUM)‘s stock had its “positive” rating reiterated by equities researchers at UBS AG in a report released on Friday. They currently have a $89.00 price objective on the restaurant operator’s stock, up from their previous price objective of $83.00. UBS AG’s price objective points to a potential upside of 12.44% from the company’s previous close.
Other analysts have also issued reports about the stock. Robert W. Baird reissued a “hold” rating and issued a $78.00 price target on shares of Yum! Brands in a research report on Friday, September 8th. Oppenheimer Holdings, Inc. increased their price objective on Yum! Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Royal Bank Of Canada restated a “buy” rating and issued a $83.00 price objective on shares of Yum! Brands in a report on Friday, August 4th. BMO Capital Markets increased their price objective on Yum! Brands from $66.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday, August 3rd. Finally, BidaskClub upgraded Yum! Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. Eleven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.86.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.39 billion. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 earnings per share.
In related news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value 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 $2,935,136. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 7.38% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in Yum! Brands by 7.8% in the third quarter. Principal Financial Group Inc. now owns 1,062,777 shares of the restaurant operator’s stock worth $78,231,000 after purchasing an additional 77,231 shares during the period. Keybank National Association OH lifted its position in Yum! Brands by 4.3% in the third quarter. Keybank National Association OH now owns 23,852 shares of the restaurant operator’s stock worth $1,756,000 after purchasing an additional 979 shares during the period. USA Financial Portformulas Corp bought a new position in Yum! Brands in the third quarter worth $2,815,000. State of Wisconsin Investment Board lifted its position in Yum! Brands by 2.5% in the third quarter. State of Wisconsin Investment Board now owns 600,801 shares of the restaurant operator’s stock worth $44,225,000 after purchasing an additional 14,605 shares during the period. Finally, Old Mutual Global Investors UK Ltd. bought a new position in Yum! Brands in the third quarter worth $883,000. 72.02% of the stock is owned by hedge funds and other institutional investors.
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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