Yum! Brands’ (YUM) Buy Rating Reaffirmed at Argus
Argus restated their buy rating on shares of Yum! Brands, Inc. (NYSE:YUM) in a research note released on Wednesday. Argus currently has a $88.00 price objective on the restaurant operator’s stock, up from their prior price objective of $80.00.
Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada reiterated a buy rating and set a $75.00 price target on shares of Yum! Brands in a research note on Thursday, June 15th. Instinet reiterated a buy rating and set a $78.00 price target on shares of Yum! Brands in a research note on Sunday, May 28th. BidaskClub cut shares of Yum! Brands from a strong-buy rating to a buy rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded shares of Yum! Brands from a hold rating to a buy rating and set a $83.00 target price on the stock in a research note on Thursday, July 20th. Finally, UBS AG lifted their target price on shares of Yum! Brands from $76.00 to $83.00 and gave the company a buy rating in a research note on Friday, August 4th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Yum! Brands has a consensus rating of Buy and a consensus target price of $78.98.
Shares of Yum! Brands (NYSE YUM) opened at 75.83 on Wednesday. The company’s 50-day moving average price is $75.03 and its 200 day moving average price is $69.89. Yum! Brands has a 12-month low of $59.57 and a 12-month high of $77.13. The firm has a market capitalization of $26.14 billion, a PE ratio of 20.13 and a beta of 0.82.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations 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 revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. On average, equities analysts forecast that Yum! Brands will post $2.82 earnings per share for the current year.
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In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the 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 transaction, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at $2,935,136. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 1,471 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $72.64, for a total transaction of $106,853.44. Following the transaction, the chief executive officer now directly owns 6,712 shares in the company, valued at $487,559.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,294 shares of company stock worth $833,488. 7.38% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Yum! Brands by 2,392.9% in the first quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock valued at $1,281,452,000 after buying an additional 19,249,564 shares during the last quarter. Morgan Stanley increased its position in Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock valued at $303,987,000 after buying an additional 2,148,751 shares in the last quarter. Renaissance Technologies LLC increased its position in Yum! Brands by 208.6% in the first quarter. Renaissance Technologies LLC now owns 2,625,400 shares of the restaurant operator’s stock valued at $167,763,000 after buying an additional 1,774,600 shares in the last quarter. Pioneer Investment Management Inc. acquired a new position in Yum! Brands during the second quarter valued at $104,149,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Yum! Brands during the second quarter valued at $102,713,000. 73.98% of the stock is currently owned by institutional investors and hedge funds.
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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