Zacks Investment Research cut shares of Yum Brands Inc. (NYSE:YUM) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

According to Zacks, “Yum! Brands China division posted flat comps in second quarter of 2016 after recording positive comps in the last three quarters, suggesting that a complete recovery will take more time. Moreover, sales in China, especially Pizza Hut Casual Dining, continue to decline. Additionally, slowdown in some of the emerging markets has been denting the company’s top-line growth. Estimates too have been going down ahead of the company’s third-quarter 2016 earnings release. Nonetheless, the company’s efforts to revive the U.S. business along with various sales and digital initiatives bode well. Moreover, the company has mostly positive record of earnings surprises in recent quarters. However, negative currency translation remains a concern given the company’s significant international presence.”

Other equities research analysts have also recently issued reports about the company. Nomura restated a buy rating on shares of Yum Brands in a research report on Tuesday, July 12th. Oppenheimer Holdings Inc. restated a buy rating and set a $93.00 target price on shares of Yum Brands in a research report on Tuesday, May 24th. Vetr cut Yum Brands from a strong-buy rating to a buy rating and set a $90.32 target price on the stock. in a research report on Tuesday, May 24th. Royal Bank Of Canada reaffirmed a buy rating on shares of Yum Brands in a research note on Monday, July 11th. Finally, Cowen and Company reaffirmed a buy rating on shares of Yum Brands in a research note on Sunday, July 17th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Yum Brands has an average rating of Hold and a consensus price target of $88.94.

Yum Brands (NYSE:YUM) opened at 89.63 on Monday. The stock’s 50 day moving average price is $89.37 and its 200-day moving average price is $84.29. Yum Brands has a 1-year low of $64.58 and a 1-year high of $91.99. The company has a market cap of $34.95 billion, a PE ratio of 27.01 and a beta of 0.81.

Yum Brands (NYSE:YUM) last posted its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. Yum Brands had a return on equity of 213.02% and a net margin of 10.97%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm earned $0.69 EPS. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts forecast that Yum Brands will post $3.69 earnings per share for the current year.

In other Yum Brands news, CEO Muktesh Pant sold 91,228 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $89.94, for a total transaction of $8,205,046.32. Following the transaction, the chief executive officer now directly owns 62,660 shares in the company, valued at $5,635,640.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Roger G. Eaton sold 44,952 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $88.53, for a total transaction of $3,979,600.56. Following the transaction, the chief executive officer now owns 244,274 shares in the company, valued at $21,625,577.22. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bruderman Asset Management LLC raised its position in shares of Yum Brands by 0.3% in the second quarter. Bruderman Asset Management LLC now owns 2,306 shares of the restaurant operator’s stock valued at $191,000 after buying an additional 8 shares during the last quarter. Kistler Tiffany Companies LLC raised its stake in Yum Brands by 0.5% in the second quarter. Kistler Tiffany Companies LLC now owns 2,246 shares of the restaurant operator’s stock valued at $186,000 after buying an additional 12 shares in the last quarter. Pillar Pacific Capital Management LLC raised its stake in Yum Brands by 0.4% in the second quarter. Pillar Pacific Capital Management LLC now owns 2,973 shares of the restaurant operator’s stock valued at $246,000 after buying an additional 13 shares in the last quarter. Sunbelt Securities Inc. raised its stake in Yum Brands by 0.6% in the second quarter. Sunbelt Securities Inc. now owns 2,446 shares of the restaurant operator’s stock valued at $203,000 after buying an additional 14 shares in the last quarter. Finally, Washington Trust Bank raised its stake in Yum Brands by 1.4% in the second quarter. Washington Trust Bank now owns 2,002 shares of the restaurant operator’s stock valued at $166,000 after buying an additional 28 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

Yum Brands Company Profile

YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.

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