Yum! Brands (NYSE:YUM) Given New $132.00 Price Target at JPMorgan Chase & Co.

Yum! Brands (NYSE:YUM) had its target price cut by JPMorgan Chase & Co. from $134.00 to $132.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 1.74% from the stock’s previous close.

YUM has been the topic of several other reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $135.00 target price on shares of Yum! Brands in a report on Thursday, January 4th. BMO Capital Markets upped their price target on shares of Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday. Citigroup lowered their price objective on Yum! Brands from $166.00 to $162.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Oppenheimer upgraded Yum! Brands from a “market perform” rating to an “outperform” rating and set a $154.00 target price on the stock in a research report on Friday, January 5th. Finally, Barclays raised their price objective on Yum! Brands from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $144.31.

Yum! Brands Stock Performance

Yum! Brands stock traded down $0.73 during mid-day trading on Friday, reaching $134.34. 2,421,937 shares of the company were exchanged, compared to its average volume of 2,007,162. Yum! Brands has a 12-month low of $115.53 and a 12-month high of $143.20. The business has a fifty day moving average of $138.25 and a 200 day moving average of $131.42. The firm has a market cap of $37.82 billion, a P/E ratio of 23.82, a PEG ratio of 2.13 and a beta of 1.07.

Yum! Brands (NYSE:YUM) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Yum! Brands had a net margin of 22.92% and a negative return on equity of 18.64%. Yum! Brands’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 EPS. Sell-side analysts predict that Yum! Brands will post 5.73 EPS for the current year.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,078 shares of Yum! Brands stock in a transaction on Monday, April 15th. The stock was sold at an average price of $138.37, for a total value of $979,382.86. Following the completion of the sale, the chief executive officer now owns 172,128 shares of the company’s stock, valued at $23,817,351.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Yum! Brands news, VP David Eric Russell sold 9,919 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $129.63, for a total transaction of $1,285,799.97. Following the transaction, the vice president now owns 18,661 shares in the company, valued at $2,419,025.43. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David W. Gibbs sold 7,078 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $138.37, for a total transaction of $979,382.86. Following the completion of the transaction, the chief executive officer now directly owns 172,128 shares of the company’s stock, valued at $23,817,351.36. The disclosure for this sale can be found here. Insiders sold a total of 24,064 shares of company stock valued at $3,228,698 over the last three months. 0.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Yum! Brands

Several institutional investors and hedge funds have recently made changes to their positions in the company. Naples Money Management LLC bought a new position in Yum! Brands during the 4th quarter worth $26,000. Bfsg LLC bought a new position in shares of Yum! Brands during the fourth quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new stake in Yum! Brands in the 1st quarter valued at about $28,000. Fortitude Family Office LLC acquired a new position in Yum! Brands during the 4th quarter valued at about $27,000. Finally, Bruce G. Allen Investments LLC bought a new position in Yum! Brands in the 4th quarter worth about $34,000. 82.37% of the stock is owned by institutional investors and hedge funds.

About Yum! Brands

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.