Yum! Brands (NYSE:YUM) PT Raised to $135.00 at BMO Capital Markets

Yum! Brands (NYSE:YUM) had its price objective upped by BMO Capital Markets from $133.00 to $135.00 in a research note published on Thursday, Benzinga reports. They currently have a market perform rating on the restaurant operator’s stock.

A number of other brokerages have also recently commented on YUM. Stifel Nicolaus reaffirmed a hold rating and set a $135.00 target price on shares of Yum! Brands in a report on Thursday, January 4th. Wells Fargo & Company cut shares of Yum! Brands from an overweight rating to an equal weight rating and reduced their target price for the company from $150.00 to $135.00 in a report on Thursday, January 11th. Guggenheim upped their target price on shares of Yum! Brands from $145.00 to $155.00 and gave the company a buy rating in a report on Thursday, March 7th. Citigroup reduced their price objective on shares of Yum! Brands from $166.00 to $162.00 and set a buy rating for the company in a research note on Tuesday, April 23rd. Finally, TD Cowen reissued a buy rating and issued a $160.00 price objective on shares of Yum! Brands in a research note on Wednesday, May 1st. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $143.53.

Yum! Brands Stock Performance

Shares of NYSE YUM opened at $134.34 on Thursday. The firm’s 50 day moving average price is $138.17 and its 200-day moving average price is $131.69. The company has a market cap of $37.82 billion, a PE ratio of 23.82, a P/E/G ratio of 2.12 and a beta of 1.07. Yum! Brands has a 52-week low of $115.53 and a 52-week high of $143.20.

Yum! Brands (NYSE:YUM) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.05). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 EPS. On average, analysts forecast that Yum! Brands will post 5.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, VP David Eric Russell sold 9,919 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the completion of the transaction, the vice president now owns 18,661 shares in the company, valued at $2,419,025.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP David Eric Russell sold 9,919 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the transaction, the vice president now owns 18,661 shares of the company’s stock, valued at $2,419,025.43. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David W. Gibbs sold 7,067 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $136.34, for a total value of $963,514.78. Following the transaction, the chief executive officer now owns 175,377 shares of the company’s stock, valued at approximately $23,910,900.18. The disclosure for this sale can be found here. Insiders sold 24,064 shares of company stock worth $3,228,698 over the last 90 days. 0.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Yum! Brands

Hedge funds have recently added to or reduced their stakes in the stock. Naples Money Management LLC purchased a new stake in shares of Yum! Brands in the fourth quarter valued at approximately $26,000. Bfsg LLC purchased a new stake in Yum! Brands in the fourth quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new position in Yum! Brands during the 1st quarter worth about $28,000. Fortitude Family Office LLC purchased a new position in Yum! Brands during the 4th quarter valued at about $27,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Yum! Brands in the 4th quarter valued at about $34,000. 82.37% of the stock is currently owned by institutional investors.

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.