Yum! Brands (NYSE:YUM) Price Target Cut to $145.00

Yum! Brands (NYSE:YUM) had its price target lowered by investment analysts at Bank of America from $147.00 to $145.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Bank of America‘s price target suggests a potential upside of 8.19% from the stock’s previous close.

Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. TD Cowen lowered shares of Yum! Brands from a “buy” rating to a “hold” rating and dropped their target price for the stock from $156.00 to $145.00 in a research report on Wednesday, October 16th. Evercore ISI cut shares of Yum! Brands from an “outperform” rating to an “inline” rating and cut their target price for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley cut their price objective on Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $146.44.

Yum! Brands Stock Performance

Shares of Yum! Brands stock opened at $134.02 on Tuesday. The stock has a market cap of $37.74 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.06 and a beta of 1.08. The stock’s fifty day moving average is $134.84 and its 200 day moving average is $135.10. Yum! Brands has a one year low of $118.28 and a one year high of $143.20.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the company posted $1.41 EPS. Analysts predict that Yum! Brands will post 5.6 EPS for the current year.

Insider Buying and Selling

In other Yum! Brands news, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total transaction of $974,956.48. Following the transaction, the chief executive officer now owns 159,132 shares in the company, valued at $21,947,485.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Yum! Brands news, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total transaction of $974,956.48. Following the completion of the transaction, the chief executive officer now owns 159,132 shares in the company, valued at $21,947,485.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the sale, the chief executive officer now directly owns 152,634 shares of the company’s stock, valued at $20,518,588.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,673 shares of company stock worth $13,918,095 over the last three months. 0.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC increased its position in shares of Yum! Brands by 21.1% during the first quarter. Kingswood Wealth Advisors LLC now owns 2,540 shares of the restaurant operator’s stock worth $352,000 after acquiring an additional 443 shares during the period. Brookstone Capital Management lifted its stake in Yum! Brands by 12.3% in the first quarter. Brookstone Capital Management now owns 2,141 shares of the restaurant operator’s stock worth $297,000 after acquiring an additional 234 shares during the period. St. Johns Investment Management Company LLC lifted its position in shares of Yum! Brands by 5.2% in the 1st quarter. St. Johns Investment Management Company LLC now owns 4,650 shares of the restaurant operator’s stock worth $645,000 after purchasing an additional 229 shares during the period. Procyon Advisors LLC boosted its stake in shares of Yum! Brands by 11.4% during the first quarter. Procyon Advisors LLC now owns 13,097 shares of the restaurant operator’s stock valued at $1,816,000 after purchasing an additional 1,345 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Yum! Brands by 21.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,993 shares of the restaurant operator’s stock valued at $5,961,000 after acquiring an additional 7,686 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

About Yum! Brands

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.