Yum! Brands (NYSE:YUM) Price Target Lowered to $145.00 at Bank of America

Yum! Brands (NYSE:YUM) had its price objective decreased by equities researchers at Bank of America from $147.00 to $145.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. Bank of America‘s target price would indicate a potential upside of 8.19% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Robert W. Baird upped their target price on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley cut their price objective on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft increased their price target on Yum! Brands from $143.00 to $147.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $160.00 to $145.00 in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. upped their price objective on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $146.44.

Yum! Brands Stock Up 0.5 %

YUM opened at $134.02 on Tuesday. The firm’s 50-day moving average price is $134.84 and its 200-day moving average price is $135.10. The company has a market cap of $37.74 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 2.06 and a beta of 1.08. Yum! Brands has a 52-week low of $118.28 and a 52-week high of $143.20.

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

Insider Buying and Selling

In other news, CEO Sabir Sami sold 71,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total value of $9,745,355.16. Following the transaction, the chief executive officer now owns 68 shares in the company, valued at $9,326.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Yum! Brands news, insider Scott Catlett sold 8,234 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total value of $1,134,562.86. Following the transaction, the insider now directly owns 29,159 shares of the company’s stock, valued at $4,017,818.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sabir Sami sold 71,051 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total value of $9,745,355.16. Following the completion of the sale, the chief executive officer now directly owns 68 shares of the company’s stock, valued at approximately $9,326.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,673 shares of company stock worth $13,918,095. Insiders own 0.31% of the company’s stock.

Institutional Trading of Yum! Brands

Large investors have recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators grew its holdings in shares of Yum! Brands by 3.9% in the second quarter. Deseret Mutual Benefit Administrators now owns 2,049 shares of the restaurant operator’s stock valued at $271,000 after purchasing an additional 76 shares during the period. Legacy Financial Advisors Inc. raised its position in shares of Yum! Brands by 2.2% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator’s stock valued at $458,000 after buying an additional 76 shares during the period. Wesbanco Bank Inc. grew its position in Yum! Brands by 1.9% in the second quarter. Wesbanco Bank Inc. now owns 4,169 shares of the restaurant operator’s stock worth $552,000 after acquiring an additional 78 shares during the period. Diversified Trust Co lifted its stake in shares of Yum! Brands by 2.4% in the 3rd quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator’s stock valued at $464,000 after purchasing an additional 79 shares during the last quarter. Finally, Choreo LLC increased its position in shares of Yum! Brands by 1.6% during the 1st quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock worth $737,000 after purchasing an additional 82 shares during the last quarter. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

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.