Yum! Brands’ (YUM) Equal Weight Rating Reaffirmed at Barclays

Yum! Brands (NYSE:YUM)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Barclays in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a $84.00 target price on the restaurant operator’s stock, up from their previous target price of $79.00. Barclays’ price target indicates a potential upside of 1.07% from the stock’s current price.

YUM has been the topic of a number of other reports. Robert W. Baird upped their price target on Yum! Brands from $78.00 to $83.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded Yum! Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $80.00 price target on shares of Yum! Brands in a research report on Monday, October 2nd. Stifel Nicolaus assumed coverage on Yum! Brands in a research report on Monday, October 2nd. They set a “buy” rating and a $88.00 price target on the stock. Finally, Morgan Stanley upped their price target on Yum! Brands from $77.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Eleven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $81.59.

Shares of Yum! Brands (YUM) traded up $0.04 during mid-day trading on Tuesday, hitting $83.11. The stock had a trading volume of 111,342 shares, compared to its average volume of 1,620,000. The firm has a market capitalization of $28,010.00, a P/E ratio of 48.60, a PEG ratio of 2.00 and a beta of 0.91. The company has a debt-to-equity ratio of -1.55, a quick ratio of 1.41 and a current ratio of 1.42. Yum! Brands has a 1-year low of $62.36 and a 1-year high of $84.34.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.39 billion. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. sell-side analysts forecast that Yum! Brands will post 2.81 earnings per share for the current year.

Yum! Brands announced that its board has approved a stock repurchase plan on Friday, November 17th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

In other Yum! Brands news, CFO David W. Gibbs sold 4,318 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total value of $347,858.08. Following the sale, the chief financial officer now directly owns 39,396 shares of the company’s stock, valued at $3,173,741.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian R. Niccol sold 3,588 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $79.90, for a total transaction of $286,681.20. Following the completion of the sale, the chief executive officer now directly owns 15,075 shares in the company, valued at $1,204,492.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,937 shares of company stock worth $802,843. 7.38% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Yum! Brands by 1.7% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 144,519 shares of the restaurant operator’s stock worth $10,636,000 after acquiring an additional 2,411 shares in the last quarter. Alkeon Capital Management LLC purchased a new stake in shares of Yum! Brands during the 3rd quarter worth about $45,086,000. Wagner Bowman Management Corp boosted its stake in shares of Yum! Brands by 11.3% during the 3rd quarter. Wagner Bowman Management Corp now owns 25,022 shares of the restaurant operator’s stock worth $1,841,000 after acquiring an additional 2,543 shares in the last quarter. Menta Capital LLC purchased a new stake in shares of Yum! Brands during the 2nd quarter worth about $1,129,000. Finally, Sei Investments Co. boosted its stake in shares of Yum! Brands by 43.0% during the 3rd quarter. Sei Investments Co. now owns 197,148 shares of the restaurant operator’s stock worth $14,513,000 after acquiring an additional 59,263 shares in the last quarter. 73.68% of the stock is currently owned by institutional investors and hedge funds.

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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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