Yum! Brands, Inc. (YUM) Earns “Equal Weight” Rating from Barclays PLC
Yum! Brands, Inc. (NYSE:YUM)‘s stock had its “equal weight” rating restated by analysts at Barclays PLC in a note issued to investors on Friday. They presently have a $74.00 price objective on the restaurant operator’s stock, up from their prior price objective of $72.00. Barclays PLC’s price objective would suggest a potential downside of 0.27% from the stock’s current price.
Several other research firms have also weighed in on YUM. BMO Capital Markets reiterated a “hold” rating and issued a $66.00 price objective on shares of Yum! Brands in a research note on Monday, May 22nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $80.00 price objective on shares of Yum! Brands in a research note on Tuesday, July 25th. Royal Bank Of Canada upped their price objective on Yum! Brands from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. BidaskClub lowered Yum! Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $71.00 price objective (up from $68.00) on shares of Yum! Brands in a research note on Tuesday, May 30th. Fifteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $78.64.
Shares of Yum! Brands (NYSE:YUM) traded up 0.829% during mid-day trading on Friday, hitting $74.815. The company had a trading volume of 1,009,766 shares. Yum! Brands has a 12-month low of $59.57 and a 12-month high of $76.62. The firm’s 50 day moving average is $74.25 and its 200-day moving average is $68.76. The firm has a market cap of $26.05 billion, a PE ratio of 18.840 and a beta of 0.82.
Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company posted $0.75 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. On average, equities analysts expect that Yum! Brands will post $2.81 EPS for the current year.
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In other news, CEO Brian R. Niccol sold 1,487 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total value of $109,770.34. Following the transaction, the chief executive officer now owns 6,719 shares of the company’s stock, valued at approximately $495,996.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 1,471 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $72.64, for a total value of $106,853.44. Following the completion of the transaction, the chief executive officer now directly owns 6,712 shares in the company, valued at approximately $487,559.68. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Yum! Brands by 2,392.9% in the first quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock valued at $1,281,452,000 after buying an additional 19,249,564 shares during the period. Morgan Stanley raised its stake in Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock valued at $303,987,000 after buying an additional 2,148,751 shares during the period. Renaissance Technologies LLC raised its stake in Yum! Brands by 208.6% in the first quarter. Renaissance Technologies LLC now owns 2,625,400 shares of the restaurant operator’s stock valued at $167,763,000 after buying an additional 1,774,600 shares during the period. Pioneer Investment Management Inc. purchased a new stake in Yum! Brands during the second quarter valued at $104,149,000. Finally, Prudential Financial Inc. raised its stake in Yum! Brands by 224.3% in the second quarter. Prudential Financial Inc. now owns 1,549,775 shares of the restaurant operator’s stock valued at $114,311,000 after buying an additional 1,071,899 shares during the period. 73.75% of the stock is currently owned by institutional investors.
Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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