Yum! Brands’ (YUM) Buy Rating Reaffirmed at Robert W. Baird

Yum! Brands (NYSE:YUM)‘s stock had its “buy” rating reissued by equities research analysts at Robert W. Baird in a report issued on Wednesday, AnalystRatings.com reports.

A number of other research firms have also weighed in on YUM. Guggenheim started coverage on Yum! Brands in a research note on Monday, July 26th. They set a “buy” rating and a $135.00 price objective for the company. Royal Bank of Canada lifted their price objective on Yum! Brands from $124.00 to $136.00 and gave the stock a “sector perform” rating in a report on Friday, July 30th. Oppenheimer cut Yum! Brands from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 26th. Cowen raised their target price on Yum! Brands from $117.00 to $134.00 and gave the stock a “market perform” rating in a research report on Friday, July 30th. Finally, BMO Capital Markets lifted their price objective on Yum! Brands from $120.00 to $138.00 and gave the company a “market perform” rating in a research report on Friday, July 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $127.63.

YUM opened at $128.99 on Wednesday. The company’s 50 day moving average is $127.97 and its 200-day moving average is $119.53. Yum! Brands has a 1-year low of $88.08 and a 1-year high of $135.77. The company has a market cap of $38.14 billion, a P/E ratio of 29.58, a PEG ratio of 2.44 and a beta of 1.09.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, July 28th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.21. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.47 billion. Yum! Brands had a net margin of 21.21% and a negative return on equity of 16.99%. During the same period in the previous year, the firm earned $0.82 EPS. On average, equities analysts predict that Yum! Brands will post 4.43 earnings per share for the current fiscal year.

In other Yum! Brands news, CEO Anthony Lowings sold 2,517 shares of the business’s stock in a transaction dated Thursday, July 1st. The shares were sold at an average price of $115.49, for a total value of $290,688.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 1,354 shares of the company’s stock in a transaction that occurred on Thursday, July 15th. The shares were sold at an average price of $116.81, for a total transaction of $158,160.74. Following the completion of the sale, the chief executive officer now directly owns 22,255 shares of the company’s stock, valued at approximately $2,599,606.55. The disclosure for this sale can be found here. Insiders sold 33,172 shares of company stock worth $4,248,578 in the last 90 days. 0.37% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in YUM. Bank of America Corp DE boosted its stake in shares of Yum! Brands by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 4,122,271 shares of the restaurant operator’s stock valued at $474,184,000 after purchasing an additional 109,194 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Yum! Brands by 2.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,236,844 shares of the restaurant operator’s stock worth $142,274,000 after purchasing an additional 31,210 shares during the period. Sawtooth Solutions LLC lifted its position in shares of Yum! Brands by 17.6% in the 2nd quarter. Sawtooth Solutions LLC now owns 4,397 shares of the restaurant operator’s stock worth $506,000 after purchasing an additional 658 shares during the period. Headinvest LLC increased its stake in shares of Yum! Brands by 9.8% in the 2nd quarter. Headinvest LLC now owns 2,321 shares of the restaurant operator’s stock valued at $266,000 after acquiring an additional 208 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG increased its stake in shares of Yum! Brands by 1.7% in the 2nd quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 10,488 shares of the restaurant operator’s stock valued at $1,206,000 after acquiring an additional 180 shares in the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Company Profile

Yum! Brands, Inc operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment comprises of all operations of the KFC concept.

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Analyst Recommendations for Yum! Brands (NYSE:YUM)

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