JPMorgan Chase & Co. Increases Yum! Brands (NYSE:YUM) Price Target to $102.00

Yum! Brands (NYSE:YUM) had its price target raised by JPMorgan Chase & Co. from $97.00 to $102.00 in a research note released on Friday, June 28th, BenzingaRatingsTable reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other brokerages also recently issued reports on YUM. Evercore ISI initiated coverage on shares of Mondelez International in a research report on Tuesday, June 11th. They issued an outperform rating and a $62.00 price target on the stock. Citigroup downgraded shares of First Quantum Minerals from a buy rating to a neutral rating and dropped their price target for the stock from C$18.00 to C$13.00 in a research report on Tuesday, May 21st. Credit Suisse Group initiated coverage on shares of Arco Platform in a research report on Tuesday, June 25th. They issued a neutral rating on the stock. UBS Group restated a buy rating and issued a GBX 2,900 ($37.89) price target on shares of Royal Dutch Shell in a research report on Wednesday, May 29th. Finally, Robert W. Baird reiterated an outperform rating and set a $48.00 target price (down previously from $54.00) on shares of Archer Daniels Midland in a research report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $101.50.

Shares of Yum! Brands stock traded down $0.53 during midday trading on Friday, hitting $112.53. 1,387,697 shares of the company traded hands, compared to its average volume of 1,367,769. The stock has a market capitalization of $34.59 billion, a PE ratio of 35.50, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. The business has a fifty day simple moving average of $109.44. Yum! Brands has a 12 month low of $77.68 and a 12 month high of $113.59.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. Yum! Brands had a net margin of 24.61% and a negative return on equity of 13.06%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. As a group, equities research analysts anticipate that Yum! Brands will post 3.81 EPS for the current year.

In other news, CFO David W. Gibbs sold 1,577 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $111.29, for a total value of $175,504.33. Following the completion of the sale, the chief financial officer now owns 43,867 shares in the company, valued at approximately $4,881,958.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David W. Gibbs sold 1,531 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $100.25, for a total transaction of $153,482.75. Following the completion of the sale, the chief financial officer now owns 43,516 shares of the company’s stock, valued at approximately $4,362,479. The disclosure for this sale can be found here. Insiders have sold a total of 58,458 shares of company stock valued at $6,203,386 in the last 90 days. 0.67% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its holdings in shares of Yum! Brands by 75.7% during the 4th quarter. Advisors Asset Management Inc. now owns 26,661 shares of the restaurant operator’s stock worth $2,451,000 after purchasing an additional 11,488 shares during the period. First Trust Advisors LP increased its holdings in shares of Yum! Brands by 1,173.1% during the 4th quarter. First Trust Advisors LP now owns 69,933 shares of the restaurant operator’s stock worth $6,428,000 after purchasing an additional 64,440 shares during the period. Lincoln National Corp bought a new position in shares of Yum! Brands during the 4th quarter worth about $204,000. AdvisorNet Financial Inc increased its holdings in shares of Yum! Brands by 44.4% during the 4th quarter. AdvisorNet Financial Inc now owns 1,018 shares of the restaurant operator’s stock worth $94,000 after purchasing an additional 313 shares during the period. Finally, GAM Holding AG bought a new position in shares of Yum! Brands during the 4th quarter worth about $283,000. Hedge funds and other institutional investors own 74.85% of the company’s stock.

Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Analyst Recommendations for Yum! Brands (NYSE:YUM)

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