Yum! Brands, Inc. (YUM) Given New $85.00 Price Target at CIBC

Yum! Brands, Inc. (NYSE:YUM) had its price target increased by stock analysts at CIBC from $80.00 to $85.00 in a research note issued to investors on Friday, September 8th. The firm currently has an “outperform” rating on the restaurant operator’s stock. CIBC’s target price would indicate a potential upside of 12.96% from the company’s current price.

Other research analysts also recently issued research reports about the company. BidaskClub downgraded Yum! Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 price target on shares of Yum! Brands in a research note on Thursday, June 15th. Argus raised Yum! Brands from a “hold” rating to a “buy” rating and increased their price target for the company from $69.95 to $80.00 in a research note on Tuesday, May 16th. Instinet reissued a “buy” rating and issued a $78.00 price target on shares of Yum! Brands in a research note on Sunday, May 28th. Finally, Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Thursday, July 20th. 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 company. The company presently has an average rating of “Buy” and a consensus target price of $80.31.

Shares of Yum! Brands (NYSE YUM) opened at 75.25 on Friday. The company’s 50 day moving average price is $76.01 and its 200-day moving average price is $70.82. Yum! Brands has a 1-year low of $59.57 and a 1-year high of $78.14. The firm has a market cap of $25.94 billion, a price-to-earnings ratio of 19.98 and a beta of 0.83.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. Equities analysts expect that Yum! Brands will post $2.81 EPS for the current fiscal year.

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

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Yum! Brands by 3.3% during the second quarter. Vanguard Group Inc. now owns 22,604,873 shares of the restaurant operator’s stock worth $1,667,335,000 after acquiring an additional 711,910 shares during the last quarter. BlackRock Inc. lifted its position in Yum! Brands by 2,392.9% during the first quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock worth $1,281,452,000 after acquiring an additional 19,249,564 shares during the last quarter. Magellan Asset Management Ltd lifted its position in Yum! Brands by 2.0% during the second quarter. Magellan Asset Management Ltd now owns 15,446,852 shares of the restaurant operator’s stock worth $1,139,360,000 after acquiring an additional 308,387 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Yum! Brands by 11.9% during 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 acquiring an additional 755,288 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in Yum! Brands by 0.3% during 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 acquiring an additional 17,799 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

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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