Yum! Brands (NYSE:YUM) PT Lowered to $162.00 at Citigroup

Yum! Brands (NYSE:YUM) had its price target dropped by equities researchers at Citigroup from $166.00 to $162.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price target would suggest a potential upside of 15.96% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Yum! Brands from $133.00 to $134.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Stifel Nicolaus reiterated a “hold” rating and set a $135.00 price objective on shares of Yum! Brands in a report on Thursday, January 4th. Wells Fargo & Company downgraded shares of Yum! Brands from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $150.00 to $135.00 in a report on Thursday, January 11th. Royal Bank of Canada reduced their target price on shares of Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating for the company in a report on Friday, February 9th. Finally, TD Cowen reissued a “buy” rating and set a $160.00 price target on shares of Yum! Brands in a research report on Wednesday, April 10th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $144.75.

Yum! Brands Stock Up 0.5 %

NYSE YUM traded up $0.64 during trading hours on Tuesday, hitting $139.70. The company’s stock had a trading volume of 406,074 shares, compared to its average volume of 1,914,305. The stock has a fifty day moving average of $137.38 and a 200 day moving average of $130.39. The firm has a market capitalization of $39.33 billion, a P/E ratio of 24.99, a PEG ratio of 2.19 and a beta of 1.10. Yum! Brands has a twelve month low of $115.53 and a twelve month high of $143.24.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, February 7th. The restaurant operator reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.13). The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.11 billion. Yum! Brands had a net margin of 22.57% and a negative return on equity of 17.76%. The business’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $1.31 earnings per share. On average, analysts predict that Yum! Brands will post 5.73 earnings per share for the current year.

Insider Buying and Selling

In other Yum! Brands news, VP David Eric Russell sold 9,919 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 18,661 shares in the company, valued at $2,419,025.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Yum! Brands news, CEO David W. Gibbs sold 7,078 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the transaction, the chief executive officer now directly owns 172,128 shares in the company, valued at $23,817,351.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Eric Russell sold 9,919 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $129.63, for a total value of $1,285,799.97. Following the sale, the vice president now owns 18,661 shares in the company, valued at $2,419,025.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,064 shares of company stock worth $3,228,698. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Yum! Brands

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

Yum! Brands Company Profile

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.