Yum! Brands (NYSE:YUM) PT Lowered to $136.00

Yum! Brands (NYSE:YUMGet Rating) had its target price reduced by research analysts at Deutsche Bank Aktiengesellschaft from $142.00 to $136.00 in a research report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 14.78% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Citigroup dropped their target price on shares of Yum! Brands from $156.00 to $148.00 in a research report on Thursday. Credit Suisse Group cut their price target on shares of Yum! Brands from $137.00 to $130.00 in a report on Thursday. Morgan Stanley cut their price target on shares of Yum! Brands from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, April 14th. Bank of America initiated coverage on shares of Yum! Brands in a report on Tuesday, January 11th. They set a “neutral” rating for the company. Finally, Cowen raised shares of Yum! Brands from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $134.00 to $143.00 in a report on Thursday, February 17th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $139.81.

Shares of Yum! Brands stock opened at $118.49 on Thursday. Yum! Brands has a twelve month low of $111.63 and a twelve month high of $139.85. The company has a 50-day simple moving average of $119.37 and a two-hundred day simple moving average of $124.87. The stock has a market capitalization of $34.15 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.04.

Yum! Brands (NYSE:YUMGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The restaurant operator reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02). Yum! Brands had a negative return on equity of 16.83% and a net margin of 23.92%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the firm earned $1.07 EPS. Yum! Brands’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts forecast that Yum! Brands will post 4.78 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank increased its position in Yum! Brands by 79.0% in the 3rd quarter. Comerica Bank now owns 116,950 shares of the restaurant operator’s stock valued at $15,285,000 after acquiring an additional 51,601 shares during the period. EP Wealth Advisors LLC increased its position in Yum! Brands by 64.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 12,382 shares of the restaurant operator’s stock valued at $1,514,000 after acquiring an additional 4,855 shares during the period. Centiva Capital LP increased its position in Yum! Brands by 157.6% in the 3rd quarter. Centiva Capital LP now owns 10,206 shares of the restaurant operator’s stock valued at $1,248,000 after acquiring an additional 6,244 shares during the period. TPI Fund Managers Ltd increased its position in Yum! Brands by 0.6% in the 3rd quarter. TPI Fund Managers Ltd now owns 144,249 shares of the restaurant operator’s stock valued at $17,643,000 after acquiring an additional 875 shares during the period. Finally, O Shares Investment Advisers LLC increased its position in Yum! Brands by 7.9% in the 4th quarter. O Shares Investment Advisers LLC now owns 24,716 shares of the restaurant operator’s stock valued at $3,432,000 after acquiring an additional 1,817 shares during the period. Hedge funds and other institutional investors own 79.23% of the company’s stock.

Yum! Brands Company Profile (Get Rating)

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. The company 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.

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