Oppenheimer Issues Positive Forecast for Yum! Brands (NYSE:YUM) Stock Price

Yum! Brands (NYSE:YUM) had its price target increased by stock analysts at Oppenheimer from $154.00 to $160.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s target price would indicate a potential upside of 22.91% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. TD Cowen reaffirmed a “hold” rating and set a $145.00 price target on shares of Yum! Brands in a research report on Wednesday, November 6th. Redburn Atlantic lowered shares of Yum! Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Loop Capital decreased their price objective on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Yum! Brands has a consensus rating of “Hold” and an average price target of $146.78.

Yum! Brands Stock Down 2.4 %

Shares of NYSE:YUM opened at $130.18 on Tuesday. The business has a fifty day simple moving average of $135.32 and a 200 day simple moving average of $134.03. Yum! Brands has a 12-month low of $124.76 and a 12-month high of $143.20. The firm has a market cap of $36.33 billion, a P/E ratio of 24.33, a P/E/G ratio of 2.37 and a beta of 1.11.

Yum! Brands (NYSE:YUM) last issued 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). The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. Yum! Brands’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.44 earnings per share. As a group, equities research analysts expect that Yum! Brands will post 5.47 EPS for the current year.

Insiders Place Their Bets

In other 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 transaction of $941,682.15. Following the completion of the transaction, the chief executive officer now directly owns 152,634 shares in the company, valued at $20,518,588.62. The trade was a 4.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 17,879 shares of company stock worth $2,424,167 in the last quarter. 0.31% of the stock is owned by company insiders.

Hedge Funds Weigh In On Yum! Brands

A number of institutional investors have recently added to or reduced their stakes in YUM. Safe Harbor Fiduciary LLC purchased a new position in Yum! Brands in the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. increased its stake in shares of Yum! Brands by 957.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after buying an additional 201 shares during the period. Meeder Asset Management Inc. grew its holdings in Yum! Brands by 43.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 82 shares during the last quarter. Kimelman & Baird LLC bought a new position in shares of Yum! Brands during the second quarter valued at about $37,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Yum! Brands during the second quarter worth about $39,000. 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.