Yum! Brands (NYSE:YUM) Cut to “Hold” at Redburn Atlantic

Redburn Atlantic lowered shares of Yum! Brands (NYSE:YUM) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

A number of other analysts also recently weighed in on YUM. TD Cowen reiterated a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Bank of America cut their price target on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Evercore ISI lowered shares of Yum! Brands from an “outperform” rating to an “inline” rating and cut their target price for the stock from $160.00 to $145.00 in a research note on Tuesday, July 16th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $145.94.

Yum! Brands Price Performance

Shares of Yum! Brands stock opened at $135.28 on Monday. The company’s 50 day moving average price is $134.37 and its two-hundred day moving average price is $134.64. The firm has a market capitalization of $37.75 billion, a P/E ratio of 25.29, a P/E/G ratio of 2.26 and a beta of 1.10. Yum! Brands has a fifty-two week low of $123.70 and a fifty-two week high of $143.20.

Yum! Brands (NYSE:YUM) last posted its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share. On average, analysts expect that Yum! Brands will post 5.49 earnings per share for the current year.

Insider Activity at Yum! Brands

In other news, Director Weir Mirian M. Graddick sold 1,309 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $137.40, for a total transaction of $179,856.60. Following the sale, the director now directly owns 1,233 shares in the company, valued at $169,414.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the sale, the chief executive officer now owns 152,634 shares in the company, valued at $20,518,588.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Weir Mirian M. Graddick sold 1,309 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $137.40, for a total value of $179,856.60. Following the transaction, the director now directly owns 1,233 shares in the company, valued at approximately $169,414.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,319 shares of company stock worth $2,063,221. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Yum! Brands

A number of institutional investors have recently made changes to their positions in YUM. Crewe Advisors LLC purchased a new position in Yum! Brands in the 1st quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. grew its position in shares of Yum! Brands by 957.1% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after buying an additional 201 shares during the period. Meeder Asset Management Inc. grew its position in shares of Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after buying an additional 82 shares during the period. Kimelman & Baird LLC purchased a new position in Yum! Brands during the 2nd quarter valued at about $37,000. Finally, Iron Horse Wealth Management LLC lifted its position in Yum! Brands by 3,088.9% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 278 shares during the period. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Yum! Brands Company Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.