Yum! Brands (YUM) Price Target Cut to $82.00 by Analysts at Wells Fargo & Co

Yum! Brands (NYSE:YUM) had its price objective lowered by equities research analysts at Wells Fargo & Co from $85.00 to $82.00 in a research report issued on Friday. The firm currently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Co’s price objective points to a potential upside of 3.98% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Zacks Investment Research upgraded Yum! Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Edward Jones upgraded Yum! Brands from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Morgan Stanley boosted their price objective on Yum! Brands from $77.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Nomura boosted their price objective on Yum! Brands from $85.00 to $89.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Barclays restated an “equal weight” rating and issued a $84.00 price objective (up from $79.00) on shares of Yum! Brands in a research report on Tuesday, January 16th. Fourteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $82.26.

Shares of Yum! Brands (YUM) traded up $0.98 during trading on Friday, hitting $78.86. The stock had a trading volume of 2,163,530 shares, compared to its average volume of 2,077,380. Yum! Brands has a fifty-two week low of $62.85 and a fifty-two week high of $86.93. The stock has a market capitalization of $26,208.00, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 1.85 and a beta of 0.93. The company has a quick ratio of 1.65, 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. Yum! Brands had a negative return on equity of 17.27% and a net margin of 22.80%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the business earned $0.79 earnings per share. The business’s revenue was down 16.4% on a year-over-year basis. analysts forecast that Yum! Brands will post 3.3 earnings per share for the current year.

Yum! Brands announced that its Board of Directors has initiated a share repurchase plan on Friday, November 17th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

In other Yum! Brands news, CEO Brian R. Niccol sold 945 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $79.90, for a total transaction of $75,505.50. Following the sale, the chief executive officer now directly owns 10,785 shares in the company, valued at $861,721.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian R. Niccol sold 927 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.46, for a total value of $77,367.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,270 shares of company stock worth $438,570. Company insiders own 7.38% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Fort Pitt Capital Group LLC raised its position in Yum! Brands by 16.9% during the second quarter. Fort Pitt Capital Group LLC now owns 4,150 shares of the restaurant operator’s stock valued at $306,000 after purchasing an additional 600 shares during the period. Hall Capital Management Co. Inc. grew its stake in shares of Yum! Brands by 5.1% during the fourth quarter. Hall Capital Management Co. Inc. now owns 12,820 shares of the restaurant operator’s stock valued at $1,046,000 after buying an additional 625 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Yum! Brands by 5.9% during the fourth quarter. MML Investors Services LLC now owns 11,622 shares of the restaurant operator’s stock valued at $948,000 after buying an additional 644 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Yum! Brands by 2.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 25,393 shares of the restaurant operator’s stock valued at $2,072,000 after buying an additional 652 shares during the last quarter. Finally, Iowa State Bank grew its stake in shares of Yum! Brands by 3.1% during the fourth quarter. Iowa State Bank now owns 22,353 shares of the restaurant operator’s stock valued at $1,824,000 after buying an additional 663 shares during the last quarter. Institutional investors and hedge funds own 73.23% of the company’s stock.

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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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