Barclays PLC Raises Yum! Brands, Inc. (YUM) Price Target to $78.00

Yum! Brands, Inc. (NYSE:YUM) had its price target increased by Barclays PLC from $74.00 to $78.00 in a research note published on Wednesday, October 18th. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

YUM has been the subject of several other reports. Royal Bank Of Canada reaffirmed an outperform rating and issued a $83.00 target price on shares of Yum! Brands in a research report on Monday, September 11th. Robert W. Baird reaffirmed a hold rating and issued a $78.00 target price on shares of Yum! Brands in a research report on Thursday, October 12th. BidaskClub raised shares of Yum! Brands from a buy rating to a strong-buy rating in a research report on Wednesday, August 2nd. Argus reaffirmed a buy rating and issued a $88.00 target price (up from $80.00) on shares of Yum! Brands in a research report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. increased their price target on shares of Yum! Brands from $80.00 to $85.00 and gave the stock an outperform rating in a research note on Friday, September 8th. Twelve equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Yum! Brands presently has a consensus rating of Buy and an average price target of $80.95.

Shares of Yum! Brands (NYSE YUM) traded up $0.97 during trading on Wednesday, hitting $79.88. 1,348,001 shares of the stock were exchanged, compared to its average volume of 1,863,263. The stock has a market cap of $27,206.06, a PE ratio of 28.18, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of -1.55. Yum! Brands has a 12 month low of $59.57 and a 12 month high of $80.66.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS. analysts predict that Yum! Brands will post 2.8 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. Yum! Brands’s payout ratio is currently 37.04%.

In other news, CFO David W. Gibbs sold 8,336 shares of Yum! Brands stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the completion of the transaction, the chief financial officer now owns 39,664 shares in the company, valued at approximately $2,935,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.65% of the company’s stock.

Several large investors have recently added to or reduced their stakes in YUM. Acrospire Investment Management LLC purchased a new stake in Yum! Brands during the second quarter worth $104,000. Kistler Tiffany Companies LLC boosted its position in Yum! Brands by 0.5% during the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 7 shares in the last quarter. Founders Capital Management boosted its position in Yum! Brands by 164.5% during the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after purchasing an additional 1,020 shares in the last quarter. Bruderman Asset Management LLC purchased a new stake in Yum! Brands during the second quarter worth $148,000. Finally, Parallel Advisors LLC lifted its position in shares of Yum! Brands by 38.2% in the first quarter. Parallel Advisors LLC now owns 2,202 shares of the restaurant operator’s stock valued at $150,000 after acquiring an additional 609 shares in the last quarter. 72.15% of the stock is currently owned by institutional investors and hedge funds.

Yum! Brands Company Profile

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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