Royal Bank Of Canada reiterated their outperform rating on shares of Yum! Brands, Inc. (NYSE:YUM) in a report issued on Monday. The firm currently has a $83.00 price objective on the restaurant operator’s stock.

Several other analysts also recently weighed in on YUM. Argus upgraded shares of Yum! Brands from a hold rating to a buy rating and boosted their price objective for the stock from $69.95 to $80.00 in a research report on Tuesday, May 16th. BMO Capital Markets restated a hold rating and set a $66.00 price objective on shares of Yum! Brands in a research report on Monday, May 22nd. Instinet restated a buy rating and set a $78.00 price objective on shares of Yum! Brands in a research report on Sunday, May 28th. Oppenheimer Holdings, Inc. restated an outperform rating and set a $78.00 price objective (up previously from $75.00) on shares of Yum! Brands in a research report on Tuesday, May 30th. Finally, Deutsche Bank AG restated a hold rating and set a $71.00 price objective (up previously from $68.00) on shares of Yum! Brands in a research report on Tuesday, May 30th. Fifteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $80.31.

Yum! Brands (YUM) opened at 77.11 on Monday. The firm has a market cap of $26.59 billion, a price-to-earnings ratio of 20.47 and a beta of 0.83. Yum! Brands has a 52 week low of $59.57 and a 52 week high of $78.14. The firm’s 50-day moving average is $76.02 and its 200-day moving average is $70.75.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data 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. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Yum! Brands had a net margin of 16.76% and a negative return on equity of 24.95%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. On average, equities analysts anticipate that Yum! Brands will post $2.81 earnings per share for the current year.

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In other news, CEO Brian R. Niccol sold 1,487 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total transaction of $109,770.34. Following the transaction, the chief executive officer now directly owns 6,719 shares of the company’s stock, valued at approximately $495,996.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David W. Gibbs sold 8,336 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the transaction, the chief financial officer now directly owns 39,664 shares in the company, valued at $2,935,136. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Kistler Tiffany Companies LLC grew its stake in shares of Yum! Brands by 0.5% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 7 shares during the period. Bessemer Group Inc. grew its stake in shares of Yum! Brands by 0.3% during the 2nd quarter. Bessemer Group Inc. now owns 5,943 shares of the restaurant operator’s stock worth $438,000 after purchasing an additional 16 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Yum! Brands by 0.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 6,719 shares of the restaurant operator’s stock worth $496,000 after purchasing an additional 31 shares during the period. Heritage Trust Co grew its stake in shares of Yum! Brands by 1.3% during the 2nd quarter. Heritage Trust Co now owns 3,010 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 40 shares during the period. Finally, Needelman Asset Management Inc. grew its stake in shares of Yum! Brands by 0.6% during the 2nd quarter. Needelman Asset Management Inc. now owns 11,470 shares of the restaurant operator’s stock worth $846,000 after purchasing an additional 70 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Yum! Brands (NYSE:YUM)

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