Yum! Brands, Inc. (NYSE:YUM) has been assigned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $100.43.
A number of brokerages recently weighed in on YUM. Edward Jones cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. Mizuho cut shares of Wendys from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a research note on Wednesday, March 20th. Zacks Investment Research cut shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Tigress Financial reiterated a “buy” rating on shares of Yum! Brands in a research note on Friday. Finally, UBS Group reiterated a “buy” rating and set a GBX 2,900 ($37.89) price target on shares of Royal Dutch Shell in a research note on Wednesday, May 29th.
In other Yum! Brands news, CEO Greg Creed sold 44,949 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $105.82, for a total transaction of $4,756,503.18. Following the completion of the transaction, the chief executive officer now owns 158,745 shares in the company, valued at approximately $16,798,395.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tracy L. Skeans sold 6,049 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $110.00, for a total transaction of $665,390.00. Following the transaction, the insider now owns 9,106 shares of the company’s stock, valued at approximately $1,001,660. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,418 shares of company stock valued at $6,183,872. 0.67% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Yum! Brands by 2.7% in the 1st quarter. BlackRock Inc. now owns 22,186,539 shares of the restaurant operator’s stock valued at $2,214,439,000 after purchasing an additional 591,322 shares in the last quarter. Magellan Asset Management Ltd increased its holdings in Yum! Brands by 2.2% during the 1st quarter. Magellan Asset Management Ltd now owns 15,768,541 shares of the restaurant operator’s stock valued at $1,573,858,000 after acquiring an additional 338,339 shares in the last quarter. Sustainable Growth Advisers LP increased its holdings in Yum! Brands by 0.4% during the 1st quarter. Sustainable Growth Advisers LP now owns 4,507,107 shares of the restaurant operator’s stock valued at $449,854,000 after acquiring an additional 19,362 shares in the last quarter. Geode Capital Management LLC increased its holdings in Yum! Brands by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,883,831 shares of the restaurant operator’s stock valued at $356,348,000 after acquiring an additional 260,681 shares in the last quarter. Finally, Norges Bank purchased a new position in Yum! Brands during the 4th quarter valued at about $292,344,000. Institutional investors and hedge funds own 74.85% of the company’s stock.
Shares of Yum! Brands stock traded down $0.45 during trading hours on Tuesday, hitting $111.05. The company had a trading volume of 1,457,586 shares, compared to its average volume of 1,337,543. The company’s 50-day moving average price is $107.88. Yum! Brands has a twelve month low of $77.68 and a twelve month high of $111.82. The firm has a market cap of $33.98 billion, a P/E ratio of 35.03, a P/E/G ratio of 2.38 and a beta of 0.58.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Yum! Brands had a net margin of 24.61% and a negative return on equity of 13.06%. Yum! Brands’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. On average, equities analysts predict that Yum! Brands will post 3.82 earnings per share for the current year.
About Yum! Brands
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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