Robert W. Baird Reaffirms “Hold” Rating for Yum! Brands, Inc. (YUM)

Yum! Brands, Inc. (NYSE:YUM)‘s stock had its “hold” rating restated by analysts at Robert W. Baird in a research report issued to clients and investors on Thursday. They presently have a $78.00 target price on the restaurant operator’s stock. Robert W. Baird’s price target would suggest a potential upside of 1.77% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. Stifel Nicolaus assumed coverage on Yum! Brands in a report on Monday, October 2nd. They set a “buy” rating and a $88.00 price target on the stock. J P Morgan Chase & Co reissued a “buy” rating and set a $80.00 price target on shares of Yum! Brands in a report on Monday, October 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $83.00 price target on shares of Yum! Brands in a report on Monday, September 11th. CIBC raised their price target on Yum! Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. raised their price target on Yum! Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Eleven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Yum! Brands has an average rating of “Buy” and a consensus target price of $79.89.

Shares of Yum! Brands (YUM) traded down 0.072% during trading on Thursday, hitting $76.585. The stock had a trading volume of 611,663 shares. Yum! Brands has a 12-month low of $59.43 and a 12-month high of $78.14. The stock has a market cap of $26.40 billion, a price-to-earnings ratio of 20.331 and a beta of 0.81. The stock’s 50-day moving average is $75.69 and its 200-day moving average is $72.26.

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

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In related news, CFO David W. Gibbs sold 8,336 shares of Yum! Brands stock in a transaction that occurred 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.38% of the company’s stock.

Several institutional investors have recently modified their holdings of YUM. Atlantic Trust Group LLC raised its position in shares of Yum! Brands by 5.5% during the 1st quarter. Atlantic Trust Group LLC now owns 93,492 shares of the restaurant operator’s stock worth $5,974,000 after purchasing an additional 4,909 shares during the last quarter. Cibc World Markets Corp raised its position in shares of Yum! Brands by 3.3% during the 1st quarter. Cibc World Markets Corp now owns 353,092 shares of the restaurant operator’s stock worth $22,563,000 after purchasing an additional 11,171 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Yum! Brands by 1.6% during the 1st quarter. Neuberger Berman Group LLC now owns 18,442 shares of the restaurant operator’s stock worth $1,178,000 after purchasing an additional 289 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Yum! Brands during the 1st quarter worth approximately $1,645,000. Finally, InterOcean Capital LLC raised its position in shares of Yum! Brands by 0.8% during the 1st quarter. InterOcean Capital LLC now owns 10,921 shares of the restaurant operator’s stock worth $698,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 72.06% 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.

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