Yum! Brands, Inc. (YUM) Rating Reiterated by UBS AG

Yum! Brands, Inc. (NYSE:YUM)‘s stock had its “positive” rating reiterated by stock analysts at UBS AG in a research report issued on Friday, November 3rd, www.benzinga.com reports. They currently have a $89.00 target price on the restaurant operator’s stock, up from their prior target price of $83.00. UBS AG’s target price suggests a potential upside of 12.15% from the company’s previous close.

Several other research analysts have also recently commented on YUM. Deutsche Bank AG reissued a “hold” rating and set a $75.00 target price (up from $71.00) on shares of Yum! Brands in a research note on Monday, July 10th. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Thursday, July 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Yum! Brands in a research report on Tuesday, July 25th. BidaskClub raised Yum! Brands from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets upped their price objective on Yum! Brands from $66.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, August 3rd. Twelve investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Yum! Brands presently has a consensus rating of “Buy” and a consensus target price of $80.95.

Yum! Brands (NYSE:YUM) traded down $0.07 during trading hours on Friday, reaching $79.36. The company’s stock had a trading volume of 217,156 shares, compared to its average volume of 2,244,486. Yum! Brands has a 12 month low of $60.34 and a 12 month high of $81.65. The company has a debt-to-equity ratio of -1.55, a current ratio of 1.42 and a quick ratio of 1.41. The stock has a market capitalization of $26,871.88, a P/E ratio of 28.48, a P/E/G ratio of 2.42 and a beta of 0.86.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The company’s revenue was down 5.4% on a year-over-year basis. equities analysts expect that Yum! Brands will post 2.81 EPS for the current year.

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In related news, CEO Brian R. Niccol sold 3,588 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.90, for a total value of $286,681.20. Following the transaction, the chief executive officer now directly owns 15,075 shares of the company’s stock, valued at approximately $1,204,492.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David W. Gibbs sold 4,318 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $80.56, for a total value of $347,858.08. Following the completion of the transaction, the chief financial officer now directly owns 39,396 shares in the company, valued at $3,173,741.76. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in Yum! Brands by 1.0% in the second quarter. Principal Financial Group Inc. now owns 985,546 shares of the restaurant operator’s stock valued at $72,694,000 after purchasing an additional 9,754 shares during the period. Teachers Advisors LLC grew its stake in shares of Yum! Brands by 25.7% during the second quarter. Teachers Advisors LLC now owns 556,212 shares of the restaurant operator’s stock valued at $41,026,000 after acquiring an additional 113,582 shares in the last quarter. Whalerock Point Partners LLC grew its stake in shares of Yum! Brands by 3.0% during the second quarter. Whalerock Point Partners LLC now owns 8,500 shares of the restaurant operator’s stock valued at $627,000 after acquiring an additional 250 shares in the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in shares of Yum! Brands during the second quarter valued at about $13,136,000. Finally, Bank of Montreal Can grew its stake in shares of Yum! Brands by 81.5% during the second quarter. Bank of Montreal Can now owns 754,879 shares of the restaurant operator’s stock valued at $55,679,000 after acquiring an additional 338,941 shares in the last quarter. 72.53% of the stock is currently owned by institutional investors.

About Yum! Brands

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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