Shares of Yum! Brands, Inc. (NYSE:YUM) have been assigned an average recommendation of “Hold” from the twenty-one analysts that are covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $90.33.
YUM has been the topic of several research analyst reports. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Wednesday, October 17th. BTIG Research lifted their price target on Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. UBS Group set a $99.00 price target on Yum! Brands and gave the company a “buy” rating in a report on Monday, September 10th. ValuEngine upgraded Yum! Brands from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $88.00 price target on shares of Yum! Brands in a report on Friday, August 3rd.
In related news, VP David Eric Russell sold 7,340 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $90.00, for a total value of $660,600.00. Following the completion of the sale, the vice president now directly owns 25,960 shares in the company, valued at approximately $2,336,400. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David W. Gibbs sold 6,366 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $87.87, for a total value of $559,380.42. Following the completion of the sale, the chief financial officer now owns 47,764 shares of the company’s stock, valued at $4,197,022.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,075 shares of company stock valued at $1,779,370. 0.63% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its holdings in shares of Yum! Brands by 3,028.1% during the third quarter. Victory Capital Management Inc. now owns 1,748,932 shares of the restaurant operator’s stock worth $158,996,000 after buying an additional 1,693,021 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Yum! Brands by 447.8% during the second quarter. Millennium Management LLC now owns 1,404,786 shares of the restaurant operator’s stock worth $109,882,000 after buying an additional 1,148,364 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Yum! Brands by 35,520.9% during the second quarter. Alps Advisors Inc. now owns 920,088 shares of the restaurant operator’s stock worth $75,097,000 after buying an additional 917,505 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Yum! Brands by 3.8% during the second quarter. BlackRock Inc. now owns 21,758,890 shares of the restaurant operator’s stock worth $1,701,978,000 after buying an additional 802,066 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Yum! Brands during the second quarter worth approximately $41,120,000. Hedge funds and other institutional investors own 71.08% of the company’s stock.
NYSE:YUM opened at $86.90 on Thursday. Yum! Brands has a fifty-two week low of $75.88 and a fifty-two week high of $92.21. The stock has a market cap of $27.58 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 1.87 and a beta of 0.85.
Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.21. Yum! Brands had a negative return on equity of 17.89% and a net margin of 28.81%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the business posted $0.68 EPS. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Yum! Brands will post 3.68 earnings per share for the current year.
Yum! Brands announced that its Board of Directors has initiated a stock buyback plan on Friday, August 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the restaurant operator to repurchase up to 7.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
About Yum! Brands
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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