Yum! Brands, Inc. (YUM) Earns “Market Perform” Rating from BMO Capital Markets
Yum! Brands, Inc. (NYSE:YUM)‘s stock had its “market perform” rating reissued by analysts at BMO Capital Markets in a note issued to investors on Wednesday. They currently have a $77.00 price objective on the restaurant operator’s stock, up from their prior price objective of $66.00. BMO Capital Markets’ price target points to a potential upside of 3.77% from the stock’s current price.
Several other brokerages have also recently weighed in on YUM. BidaskClub raised shares of Yum! Brands from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Tuesday, August 1st. Barclays PLC upped their price target on shares of Yum! Brands from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, August 4th. UBS AG upped their price target on shares of Yum! Brands from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $83.00 price target on shares of Yum! Brands in a research report on Friday, August 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $78.64.
Shares of Yum! Brands (NYSE YUM) traded up 0.82% during trading on Wednesday, hitting $74.81. 939,581 shares of the company’s stock were exchanged. The stock has a market cap of $26.05 billion, a P/E ratio of 18.84 and a beta of 0.82. The firm has a 50-day moving average price of $74.25 and a 200-day moving average price of $68.76. Yum! Brands has a one year low of $59.57 and a one year high of $76.62.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. Equities research analysts expect that Yum! Brands will post $2.81 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This piece was first posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/08/09/yum-brands-inc-yum-earns-market-perform-rating-from-bmo-capital-markets.html.
In other news, CEO Brian R. Niccol sold 1,487 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total value of $109,770.34. Following the sale, the chief executive officer now owns 6,719 shares in the company, valued at $495,996.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 1,471 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $72.64, for a total transaction of $106,853.44. Following the completion of the sale, the chief executive officer now owns 6,712 shares in the company, valued at approximately $487,559.68. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. 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 worth $1,281,452,000 after buying an additional 19,249,564 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Yum! Brands by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 7,100,759 shares of the restaurant operator’s stock worth $453,737,000 after buying an additional 755,288 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Yum! Brands by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 6,379,688 shares of the restaurant operator’s stock worth $407,662,000 after buying an additional 17,799 shares during the last quarter. 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 worth $303,987,000 after buying an additional 2,148,751 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Yum! Brands by 6.0% in the first quarter. Geode Capital Management LLC now owns 3,024,137 shares of the restaurant operator’s stock worth $192,940,000 after buying an additional 170,079 shares during the period. Hedge funds and other institutional investors own 73.75% of the company’s stock.
About Yum! Brands
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.
Receive News & Ratings for Yum! Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.