Yum! Brands (NYSE:YUM) Given New $148.00 Price Target at Barclays

Yum! Brands (NYSE:YUM) had its target price upped by Barclays from $144.00 to $148.00 in a report published on Thursday, Benzinga reports. They currently have an overweight rating on the restaurant operator’s stock.

Several other research analysts have also weighed in on the stock. TD Cowen reissued a buy rating and set a $160.00 price objective on shares of Yum! Brands in a report on Wednesday. Stifel Nicolaus reissued a hold rating and issued a $135.00 price objective on shares of Yum! Brands in a report on Thursday, January 4th. BMO Capital Markets increased their target price on Yum! Brands from $133.00 to $135.00 and gave the stock a market perform rating in a report on Thursday. Oppenheimer upgraded Yum! Brands from a market perform rating to an outperform rating and set a $154.00 price target for the company in a report on Friday, January 5th. Finally, Wells Fargo & Company downgraded shares of Yum! Brands from an overweight rating to an equal weight rating and decreased their price objective for the stock from $150.00 to $135.00 in a report on Thursday, January 11th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $144.31.

Yum! Brands Stock Performance

Shares of NYSE YUM traded down $0.73 during midday trading on Thursday, reaching $134.34. 2,452,523 shares of the company’s stock were exchanged, compared to its average volume of 2,162,501. Yum! Brands has a 52-week low of $115.53 and a 52-week high of $143.20. The business’s fifty day moving average price is $138.25 and its two-hundred day moving average price is $131.42. The stock has a market capitalization of $37.82 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07.

Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.71 billion. Yum! Brands had a net margin of 22.92% and a negative return on equity of 18.64%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 earnings per share. Analysts predict that Yum! Brands will post 5.72 earnings per share for the current fiscal year.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,078 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $138.37, for a total transaction of $979,382.86. Following the completion of the transaction, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP David Eric Russell sold 9,919 shares of Yum! Brands stock in a transaction on Friday, February 9th. The stock was sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the transaction, the vice president now directly owns 18,661 shares in the company, valued at approximately $2,419,025.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Gibbs sold 7,078 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the sale, the chief executive officer now owns 172,128 shares of the company’s stock, valued at approximately $23,817,351.36. The disclosure for this sale can be found here. Insiders have sold a total of 24,064 shares of company stock worth $3,228,698 in the last three months. 0.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Yum! Brands

Several hedge funds and other institutional investors have recently bought and sold shares of YUM. Howland Capital Management LLC lifted its position in shares of Yum! Brands by 0.5% during the 1st quarter. Howland Capital Management LLC now owns 124,476 shares of the restaurant operator’s stock valued at $17,259,000 after acquiring an additional 575 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Yum! Brands in the 1st quarter valued at $2,039,000. Larson Financial Group LLC increased its stake in Yum! Brands by 78.1% in the 1st quarter. Larson Financial Group LLC now owns 3,234 shares of the restaurant operator’s stock worth $448,000 after purchasing an additional 1,418 shares in the last quarter. Markel Group Inc. acquired a new stake in Yum! Brands during the 1st quarter worth about $2,239,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Yum! Brands during the first quarter valued at about $291,000. 82.37% of the stock is currently owned by institutional investors.

Yum! Brands Company Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.