Stifel Nicolaus initiated coverage on shares of Yum! Brands, Inc. (NYSE:YUM) in a report published on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $88.00 price objective on the restaurant operator’s stock.

Several other research firms have also recently issued reports on YUM. Royal Bank Of Canada reiterated an outperform rating and set a $83.00 price objective on shares of Yum! Brands in a research report on Monday, September 11th. BidaskClub upgraded shares of Yum! Brands from a buy rating to a strong-buy rating in a research report on Wednesday, August 2nd. Argus reiterated a buy rating and set a $88.00 price objective (up previously from $80.00) on shares of Yum! Brands in a research report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. lifted their price objective on shares of Yum! Brands from $80.00 to $85.00 and gave the company an outperform rating in a research report on Friday, September 8th. Finally, Robert W. Baird reiterated a hold rating and set a $78.00 price objective on shares of Yum! Brands in a research report on Friday, September 8th. Twelve research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Yum! Brands currently has a consensus rating of Buy and a consensus target price of $79.89.

Yum! Brands (YUM) opened at 74.58 on Monday. Yum! Brands has a 1-year low of $59.57 and a 1-year high of $78.14. The stock has a market cap of $25.71 billion, a PE ratio of 19.80 and a beta of 0.81. The firm has a 50-day moving average of $75.65 and a 200-day moving average of $71.84.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. The firm 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 for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Analysts expect that Yum! Brands will post $2.81 EPS for the current fiscal year.

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In other news, CFO David W. Gibbs sold 8,336 shares of the business’s 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.38% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Kistler Tiffany Companies LLC boosted its stake 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 period. Bessemer Group Inc. boosted its stake 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 period. Stratos Wealth Partners LTD. boosted its stake 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 period. Heritage Trust Co boosted its stake 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 period. Finally, Needelman Asset Management Inc. boosted its stake in shares of Yum! Brands by 0.6% during the second quarter. Needelman Asset Management Inc. now owns 11,470 shares of the restaurant operator’s stock valued at $846,000 after purchasing an additional 70 shares during the period. 72.06% of the stock is owned by hedge funds and other 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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