Yum! Brands, Inc. (NYSE:YUM) had its target price upped by Oppenheimer Holdings, Inc. from $80.00 to $85.00 in a research note issued to investors on Friday. The brokerage currently has an outperform rating on the restaurant operator’s stock.

YUM has been the subject of a number of other research reports. Zacks Investment Research raised Yum! Brands from a hold rating to a buy rating and set a $83.00 price target for the company in a research report on Thursday, July 20th. BidaskClub raised Yum! Brands from a buy rating to a strong-buy rating in a research report on Saturday, June 24th. Mizuho assumed coverage on Yum! Brands in a research report on Thursday, June 8th. They set a neutral rating and a $74.00 price target for the company. BMO Capital Markets boosted their price target on Yum! Brands from $66.00 to $77.00 and gave the company a market perform rating in a research report on Thursday, August 3rd. Finally, Cowen and Company reissued a buy rating and set a $85.00 price target on shares of Yum! Brands in a research report on Friday. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $80.31.

Yum! Brands (NYSE YUM) traded up 0.01% during trading on Friday, reaching $76.48. The company had a trading volume of 1,376,166 shares. The company has a market capitalization of $26.37 billion, a P/E ratio of 20.30 and a beta of 0.83. The firm’s 50 day moving average is $75.72 and its 200-day moving average is $70.44. Yum! Brands has a 12 month low of $59.57 and a 12 month high of $77.48.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities analysts expect that Yum! Brands will post $2.82 earnings per share for the current year.

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In other Yum! Brands news, CEO Brian R. Niccol sold 1,487 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the sale, the chief executive officer now owns 6,719 shares in the company, valued at $495,996.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David W. Gibbs sold 8,336 shares of the company’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 value of $616,864.00. Following the sale, the chief financial officer now owns 39,664 shares in the company, valued at approximately $2,935,136. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Kistler Tiffany Companies LLC grew its holdings in shares of Yum! Brands by 0.5% during the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after purchasing an additional 7 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Yum! Brands by 0.3% during the second quarter. Bessemer Group Inc. now owns 5,943 shares of the restaurant operator’s stock valued at $438,000 after purchasing an additional 16 shares during the last quarter. FTB Advisors Inc. grew its holdings in shares of Yum! Brands by 1.0% during the first quarter. FTB Advisors Inc. now owns 3,260 shares of the restaurant operator’s stock valued at $208,000 after purchasing an additional 31 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Yum! Brands by 0.5% during the second quarter. Stratos Wealth Partners LTD. now owns 6,719 shares of the restaurant operator’s stock valued at $496,000 after purchasing an additional 31 shares during the last quarter. Finally, Heritage Trust Co grew its holdings in shares of Yum! Brands by 1.3% during the second quarter. Heritage Trust Co now owns 3,010 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 40 shares during the last quarter. 72.12% of the stock is owned by 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.

Analyst Recommendations for Yum! Brands (NYSE:YUM)

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