Yum! Brands (NYSE:YUM) PT Lowered to at Oppenheimer

Yum! Brands (NYSE:YUM) had its price target decreased by equities researchers at Oppenheimer from to in a research report issued on Thursday, The Fly reports.

A number of other research analysts have also issued reports on the stock. Robert W. Baird reiterated a “buy” rating and issued a $120.00 target price on shares of Yum! Brands in a research note on Friday, February 7th. Morgan Stanley lowered their target price on shares of Yum! Brands from $118.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday. Argus lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. UBS Group lowered their target price on shares of Yum! Brands from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Finally, Royal Bank of Canada initiated coverage on shares of Yum! Brands in a research note on Monday, December 9th. They issued a “sector perform” rating and a $107.00 target price on the stock. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $109.89.

NYSE:YUM traded up $2.88 during midday trading on Thursday, reaching $75.75. The stock had a trading volume of 4,876,321 shares, compared to its average volume of 2,644,082. Yum! Brands has a 1-year low of $54.95 and a 1-year high of $119.72. The firm’s fifty day simple moving average is $89.39 and its 200-day simple moving average is $101.31. The stock has a market capitalization of $20.96 billion, a P/E ratio of 18.30, a PEG ratio of 1.40 and a beta of 0.53.

Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, February 6th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.13). Yum! Brands had a net margin of 23.12% and a negative return on equity of 13.90%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business posted $0.40 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts expect that Yum! Brands will post 3.83 EPS for the current year.

In other news, CEO Anthony Lowings sold 4,260 shares of Yum! Brands stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $83.91, for a total transaction of $357,456.60. Following the sale, the chief executive officer now directly owns 52,514 shares in the company, valued at approximately $4,406,449.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Greg Creed sold 45,113 shares of Yum! Brands stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $102.35, for a total transaction of $4,617,315.55. Following the sale, the director now owns 194,619 shares in the company, valued at $19,919,254.65. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Several institutional investors have recently modified their holdings of YUM. Evoke Wealth LLC acquired a new stake in shares of Yum! Brands during the 3rd quarter valued at about $25,000. Braun Bostich & Associates Inc. acquired a new stake in shares of Yum! Brands during the 4th quarter valued at about $25,000. Atlas Private Wealth Management bought a new position in Yum! Brands during the 4th quarter valued at about $30,000. Total Clarity Wealth Management Inc. bought a new position in Yum! Brands during the 4th quarter valued at about $30,000. Finally, Savior LLC bought a new position in Yum! Brands during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 76.24% 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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