Yum! Brands (NYSE:YUM) Price Target Raised to $130.00

Yum! Brands (NYSE:YUM) had its target price hoisted by BTIG Research to $130.00 in a research note released on Friday morning, The Fly reports. The firm currently has a buy rating on the restaurant operator’s stock.

Several other equities research analysts have also recently issued reports on YUM. Zacks Investment Research cut shares of Yum! Brands from a buy rating to a hold rating in a report on Monday, April 22nd. UBS Group raised their target price on shares of Yum! Brands from $105.00 to $112.00 and gave the stock a buy rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. raised their target price on shares of Yum! Brands from $97.00 to $102.00 and gave the stock a neutral rating in a report on Friday, June 28th. Longbow Research cut shares of Yum! Brands from a neutral rating to an underperform rating and set a $91.00 target price on the stock. in a report on Monday, July 1st. Finally, Robert W. Baird restated an outperform rating and issued a $112.00 target price on shares of Yum! Brands in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. Yum! Brands has an average rating of Hold and an average price target of $107.06.

NYSE:YUM opened at $117.35 on Friday. The firm’s 50 day moving average price is $111.39. Yum! Brands has a 52 week low of $80.67 and a 52 week high of $119.72. The stock has a market capitalization of $35.91 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 2.55 and a beta of 0.53.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.06. Yum! Brands had a net margin of 24.29% and a negative return on equity of 13.02%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities research analysts expect that Yum! Brands will post 3.85 earnings per share for the current fiscal year.

In other news, CFO David W. Gibbs sold 1,531 shares of Yum! Brands stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $100.25, for a total transaction of $153,482.75. Following the transaction, the chief financial officer now owns 43,516 shares in the company, valued at approximately $4,362,479. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert D. Walter sold 2,780 shares of Yum! Brands stock in a transaction on Monday, May 13th. The stock was sold at an average price of $100.61, for a total transaction of $279,695.80. Following the transaction, the director now owns 3,629 shares in the company, valued at approximately $365,113.69. The disclosure for this sale can be found here. Insiders have sold a total of 58,458 shares of company stock worth $6,203,386 in the last quarter. Corporate insiders own 0.67% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Howe & Rusling Inc. purchased a new position in shares of Yum! Brands during the 1st quarter worth $25,000. Bogart Wealth LLC raised its position in shares of Yum! Brands by 70.0% during the 1st quarter. Bogart Wealth LLC now owns 340 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 140 shares during the period. Liberty Wealth Management LLC raised its position in shares of Yum! Brands by 302.1% during the 2nd quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 290 shares during the period. Motco raised its position in shares of Yum! Brands by 74.6% during the 1st quarter. Motco now owns 468 shares of the restaurant operator’s stock valued at $47,000 after purchasing an additional 200 shares during the period. Finally, Advisory Alpha LLC bought a new stake in shares of Yum! Brands during the 1st quarter valued at $50,000. Institutional investors and hedge funds own 74.88% of the company’s stock.

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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