Loop Capital Lowers Yum! Brands (NYSE:YUM) Price Target to $140.00

Yum! Brands (NYSE:YUM) had its price objective lowered by Loop Capital from $143.00 to $140.00 in a research report report published on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the restaurant operator’s stock.

Other equities research analysts have also issued research reports about the stock. Evercore ISI lowered shares of Yum! Brands from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $160.00 to $145.00 in a report on Tuesday, July 16th. Morgan Stanley dropped their price objective on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. JPMorgan Chase & Co. upped their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Bank of America dropped their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Finally, Robert W. Baird increased their target price on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $145.94.

Yum! Brands Stock Down 0.3 %

Shares of NYSE YUM opened at $134.37 on Wednesday. The firm has a 50-day simple moving average of $134.23 and a 200-day simple moving average of $134.81. The stock has a market capitalization of $37.78 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. Yum! Brands has a 52 week low of $123.60 and a 52 week high of $143.20.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the company posted $1.44 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that Yum! Brands will post 5.59 EPS for the current year.

Yum! Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were paid a $0.67 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $2.68 annualized dividend and a dividend yield of 1.99%. Yum! Brands’s dividend payout ratio (DPR) is 50.09%.

Insiders Place Their Bets

In other Yum! Brands news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now owns 152,634 shares in the company, valued at $20,518,588.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the completion of the sale, the insider now directly owns 29,159 shares of the company’s stock, valued at approximately $4,017,818.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $134.43, for a total transaction of $941,682.15. Following the sale, the chief executive officer now directly owns 152,634 shares of the company’s stock, valued at approximately $20,518,588.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,622 shares of company stock worth $4,172,740 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Yum! Brands

Institutional investors have recently modified their holdings of the company. Manchester Capital Management LLC lifted its position in shares of Yum! Brands by 165.7% during the 1st quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 116 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Yum! Brands during the 1st quarter worth $28,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Yum! Brands by 957.1% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 201 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 82 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new stake in shares of Yum! Brands during the 2nd quarter worth $37,000. 82.37% of the stock is owned by hedge funds and other 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.