Yum! Brands (NYSE:YUM) Given New $179.00 Price Target at Barclays

by · The Markets Daily

Yum! Brands (NYSE:YUM – Get Free Report) had its price target boosted by investment analysts at Barclays from $175.00 to $179.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. Barclays‘s target price suggests a potential upside of 18.90% from the company’s previous close.

Several other research analysts have also commented on the stock. Cowen reaffirmed a “hold” rating on shares of Yum! Brands in a report on Wednesday, November 5th. Guggenheim decreased their target price on Yum! Brands from $167.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, October 28th. Stifel Nicolaus set a $160.00 target price on Yum! Brands in a report on Monday, November 17th. Oppenheimer downgraded Yum! Brands from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, BMO Capital Markets boosted their price objective on Yum! Brands from $150.00 to $155.00 and gave the company a “market perform” rating in a research report on Wednesday, November 5th. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.15.

Get Our Latest Report on YUM

Yum! Brands Trading Down 0.6%

NYSE YUM traded down $0.86 on Wednesday, hitting $150.55. 552,891 shares of the stock traded hands, compared to its average volume of 1,693,219. The stock has a 50-day moving average of $149.50 and a 200 day moving average of $147.81. Yum! Brands has a twelve month low of $122.13 and a twelve month high of $163.30. The company has a market capitalization of $41.80 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 2.17 and a beta of 0.67.

Yum! Brands (NYSE:YUM – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.96 billion. Yum! Brands had a negative return on equity of 21.79% and a net margin of 17.95%.The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. As a group, equities research analysts expect that Yum! Brands will post 5.94 earnings per share for the current year.

Insider Activity at Yum! Brands

In related news, insider Erika Burkhardt sold 1,269 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $149.37, for a total transaction of $189,550.53. Following the sale, the insider owned 64 shares of the company’s stock, valued at $9,559.68. The trade was a 95.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Powell sold 2,790 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $150.48, for a total value of $419,839.20. Following the completion of the sale, the chief executive officer owned 26,650 shares of the company’s stock, valued at $4,010,292. This trade represents a 9.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,695 shares of company stock worth $4,582,843 in the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of YUM. Brighton Jones LLC raised its holdings in shares of Yum! Brands by 8.0% in the 4th quarter. Brighton Jones LLC now owns 7,861 shares of the restaurant operator’s stock worth $1,055,000 after purchasing an additional 583 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Yum! Brands by 6.9% in the first quarter. Integrated Wealth Concepts LLC now owns 7,058 shares of the restaurant operator’s stock valued at $1,111,000 after buying an additional 453 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Yum! Brands by 7.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,261 shares of the restaurant operator’s stock valued at $10,427,000 after acquiring an additional 4,441 shares during the last quarter. Ascent Group LLC lifted its position in shares of Yum! Brands by 148.9% during the 1st quarter. Ascent Group LLC now owns 4,612 shares of the restaurant operator’s stock valued at $726,000 after acquiring an additional 2,759 shares during the last quarter. Finally, MBB Public Markets I LLC bought a new stake in shares of Yum! Brands during the 1st quarter worth $318,000. 82.37% of the stock is owned by institutional investors and hedge funds.

Yum! Brands Company Profile

(Get Free Report)

Yum! Brands, Inc (NYSE: YUM) is a global quick-service restaurant company that develops, operates and franchises a portfolio of well-known restaurant brands. The company’s principal brands are KFC, Pizza Hut and Taco Bell, each focused on distinct product categories—KFC on fried chicken and related menu items, Pizza Hut on pizza and complementary offerings, and Taco Bell on Mexican-inspired quick-service food. Yum! is headquartered in Louisville, Kentucky and was formed as Tricon Global Restaurants in 1997 when PepsiCo spun off its restaurant businesses, later adopting the Yum! Brands name.

The company’s operating model centers on brand development, system growth and franchising; a large portion of its restaurants are operated by independent franchisees, and Yum! generates revenue through franchise royalties and fees in addition to sales from company-operated locations.

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