Yum! Brands (NYSE:YUM)‘s stock had its “equal weight” rating reiterated by analysts at Barclays in a report released on Tuesday, January 16th, Marketbeat.com reports. They currently have a $84.00 price objective on the restaurant operator’s stock, up from their previous price objective of $79.00. Barclays’ price target indicates a potential upside of 5.91% from the company’s current price.
Several other equities analysts have also recently weighed in on YUM. Cowen reaffirmed a “buy” rating and set a $91.00 target price on shares of Yum! Brands in a research note on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $78.00 target price on shares of Yum! Brands in a research note on Thursday, October 12th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $80.00 target price on shares of Yum! Brands in a research note on Monday, October 2nd. BMO Capital Markets raised their target price on shares of Yum! Brands from $77.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Finally, Oppenheimer reaffirmed a “buy” rating and set a $85.00 target price on shares of Yum! Brands in a research note on Monday, October 30th. Fourteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Yum! Brands has an average rating of “Buy” and a consensus price target of $81.96.
Shares of Yum! Brands (NYSE YUM) traded up $3.01 during mid-day trading on Tuesday, hitting $79.31. 5,085,274 shares of the stock traded hands, compared to its average volume of 1,962,540. The company has a market cap of $26,726.99, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. Yum! Brands has a 12-month low of $62.85 and a 12-month high of $86.93. The company has a quick ratio of 1.41, a current ratio of 1.66 and a debt-to-equity ratio of -1.49.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, February 8th. The restaurant operator reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.16. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.59 billion. Yum! Brands had a net margin of 22.80% and a negative return on equity of 17.27%. The company’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. equities analysts expect that Yum! Brands will post 3.29 earnings per share for the current year.
Yum! Brands declared that its Board of Directors has approved a share repurchase program on Friday, November 17th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
In other news, CEO Brian R. Niccol sold 1,104 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $82.37, for a total value of $90,936.48. Following the completion of the sale, the chief executive officer now owns 5,509 shares in the company, valued at approximately $453,776.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 2,294 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $84.90, for a total transaction of $194,760.60. Following the completion of the sale, the chief executive officer now owns 10,160 shares of the company’s stock, valued at approximately $862,584. The disclosure for this sale can be found here. Insiders sold a total of 4,325 shares of company stock valued at $363,065 over the last three months. Corporate insiders own 7.38% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in YUM. Bank of New York Mellon Corp lifted its holdings in shares of Yum! Brands by 18.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,910,196 shares of the restaurant operator’s stock worth $582,270,000 after acquiring an additional 1,220,537 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Yum! Brands by 3.3% in the 2nd 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. Alkeon Capital Management LLC bought a new stake in shares of Yum! Brands in the 3rd quarter worth about $45,086,000. Davidson Kempner Capital Management LP lifted its holdings in shares of Yum! Brands by 440.0% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 675,000 shares of the restaurant operator’s stock worth $49,788,000 after acquiring an additional 550,000 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Yum! Brands in the 2nd quarter worth about $509,000. Hedge funds and other institutional investors own 73.55% of the company’s stock.
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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.
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