Yum! Brands’ (YUM) Hold Rating Reiterated at TD Cowen

Yum! Brands (NYSE:YUM)‘s stock had its “hold” rating reaffirmed by analysts at TD Cowen in a research note issued on Wednesday, Benzinga reports. They currently have a $145.00 price target on the restaurant operator’s stock. TD Cowen’s price target indicates a potential upside of 8.31% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Robert W. Baird increased their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Evercore ISI lowered Yum! Brands from an “outperform” rating to an “inline” rating and decreased their price target for the company from $160.00 to $145.00 in a report on Tuesday, July 16th. Stifel Nicolaus lowered their price target on Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Bank of America reduced their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $145.94.

Yum! Brands Trading Down 0.6 %

YUM traded down $0.85 on Wednesday, hitting $133.87. 1,318,849 shares of the company’s stock traded hands, compared to its average volume of 1,939,764. Yum! Brands has a one year low of $123.60 and a one year high of $143.20. The firm has a market cap of $37.64 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 2.09 and a beta of 1.10. The company’s 50 day simple moving average is $134.26 and its 200-day simple moving average is $134.81.

Yum! Brands (NYSE:YUM) last issued its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. Yum! Brands’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 EPS. As a group, equities analysts anticipate that Yum! Brands will post 5.59 EPS for the current fiscal year.

Insider Transactions at Yum! Brands

In other Yum! Brands news, insider Scott Catlett sold 8,234 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total value of $1,134,562.86. Following the completion of the sale, the insider now directly owns 29,159 shares in the company, valued at approximately $4,017,818.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Scott Catlett sold 8,234 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total value of $1,134,562.86. Following the completion of the transaction, the insider now owns 29,159 shares in the company, valued at $4,017,818.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $137.40, for a total value of $179,856.60. Following the sale, the director now directly owns 1,233 shares of the company’s stock, valued at approximately $169,414.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,622 shares of company stock valued at $4,172,740. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Yum! Brands

Several hedge funds and other institutional investors have recently bought and sold shares of YUM. Manchester Capital Management LLC grew its holdings in Yum! Brands by 165.7% during the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 116 shares during the period. Crewe Advisors LLC purchased a new position in shares of Yum! Brands during the 1st quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Yum! Brands by 957.1% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 201 shares during the period. Meeder Asset Management Inc. boosted its holdings in Yum! Brands by 43.6% during the second quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock worth $36,000 after buying an additional 82 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in Yum! Brands during the second quarter valued at $37,000. Institutional investors and hedge funds own 82.37% of the company’s stock.

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.