BTIG Research Raises Yum! Brands (YUM) Price Target to $102.00

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Yum! Brands (NYSE:YUM) had its price objective lifted by BTIG Research from $92.00 to $102.00 in a report published on Wednesday morning, The Fly reports. BTIG Research currently has a buy rating on the restaurant operator’s stock.

YUM has been the subject of a number of other research reports. KeyCorp started coverage on Yum! Brands in a research report on Wednesday, October 3rd. They issued a sector weight rating for the company. BMO Capital Markets restated a hold rating and issued a $88.00 price target on shares of Yum! Brands in a research report on Friday, August 3rd. ValuEngine upgraded Yum! Brands from a hold rating to a buy rating in a research report on Friday, September 7th. UBS Group set a $99.00 price target on Yum! Brands and gave the company a buy rating in a research report on Monday, September 10th. Finally, Citigroup raised their price target on Yum! Brands from $80.00 to $87.00 and gave the company a neutral rating in a research report on Tuesday, June 19th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $88.06.

Shares of YUM stock opened at $88.05 on Wednesday. Yum! Brands has a fifty-two week low of $74.18 and a fifty-two week high of $92.21. The firm has a market capitalization of $28.85 billion, a PE ratio of 29.75, a PEG ratio of 2.04 and a beta of 0.86. The company has a debt-to-equity ratio of -1.33, a current ratio of 1.30 and a quick ratio of 1.30.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, August 2nd. The restaurant operator reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Yum! Brands had a negative return on equity of 17.36% and a net margin of 27.95%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Yum! Brands will post 3.5 earnings per share for the current fiscal year.

Yum! Brands announced that its board has approved a share repurchase plan on Friday, August 10th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 7.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In related news, CFO David W. Gibbs sold 6,369 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $87.83, for a total transaction of $559,389.27. Following the sale, the chief financial officer now owns 47,701 shares of the company’s stock, valued at $4,189,578.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP David Eric Russell sold 7,340 shares of the stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $90.00, for a total value of $660,600.00. Following the sale, the vice president now directly owns 25,960 shares in the company, valued at approximately $2,336,400. The disclosure for this sale can be found here. 0.63% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Yum! Brands by 3.8% in the 2nd quarter. BlackRock Inc. now owns 21,758,890 shares of the restaurant operator’s stock worth $1,701,978,000 after buying an additional 802,066 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Yum! Brands by 0.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 2,143,947 shares of the restaurant operator’s stock worth $182,514,000 after buying an additional 15,927 shares during the last quarter. Millennium Management LLC boosted its stake in Yum! Brands by 447.8% in the 2nd quarter. Millennium Management LLC now owns 1,404,786 shares of the restaurant operator’s stock worth $109,882,000 after buying an additional 1,148,364 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Yum! Brands by 57.0% in the 2nd quarter. Wells Fargo & Company MN now owns 1,311,033 shares of the restaurant operator’s stock worth $102,549,000 after buying an additional 475,994 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Yum! Brands by 13.9% in the 2nd quarter. Swiss National Bank now owns 1,284,796 shares of the restaurant operator’s stock worth $100,497,000 after buying an additional 156,500 shares during the last quarter. 71.41% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Analyst Recommendations for Yum! Brands (NYSE:YUM)

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