Barclays Reaffirms Overweight Rating for Yum! Brands (NYSE:YUM)

Yum! Brands (NYSE:YUM)‘s stock had its “overweight” rating reaffirmed by Barclays in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a $164.00 target price on the restaurant operator’s stock, down from their prior target price of $167.00. Barclays‘s price target would suggest a potential upside of 15.76% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group upgraded Yum! Brands from a “neutral” rating to a “buy” rating and set a $167.00 price target for the company in a report on Wednesday, June 4th. Melius began coverage on shares of Yum! Brands in a research note on Monday, July 14th. They issued a “buy” rating and a $200.00 price objective for the company. Morgan Stanley increased their price target on shares of Yum! Brands from $151.00 to $153.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Redburn Atlantic raised Yum! Brands from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $145.00 to $177.00 in a research note on Tuesday, June 10th. Finally, Piper Sandler boosted their price objective on shares of Yum! Brands from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Yum! Brands currently has a consensus rating of “Hold” and a consensus target price of $161.23.

Yum! Brands Stock Performance

Shares of NYSE:YUM opened at $141.67 on Tuesday. The firm has a market cap of $39.38 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 2.03 and a beta of 0.73. The business has a 50-day simple moving average of $145.57 and a two-hundred day simple moving average of $146.61. Yum! Brands has a fifty-two week low of $122.13 and a fifty-two week high of $163.30.

Yum! Brands (NYSE:YUM) last announced its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business posted $1.35 earnings per share. Yum! Brands’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, research analysts predict that Yum! Brands will post 5.94 earnings per share for the current year.

Insider Buying and Selling at Yum! Brands

In other news, CEO Scott Mezvinsky sold 272 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $148.28, for a total value of $40,332.16. Following the transaction, the chief executive officer owned 1,755 shares in the company, valued at $260,231.40. This represents a 13.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David W. Gibbs sold 7,117 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $146.60, for a total value of $1,043,352.20. Following the completion of the sale, the chief executive officer owned 102,893 shares of the company’s stock, valued at approximately $15,084,113.80. This trade represents a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,720 shares of company stock valued at $2,150,965. 0.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Yum! Brands

Several institutional investors have recently bought and sold shares of the business. Manchester Capital Management LLC grew its holdings in Yum! Brands by 78.0% during the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 71 shares during the period. Greykasell Wealth Strategies Inc. bought a new position in shares of Yum! Brands during the 1st quarter valued at about $25,000. HFM Investment Advisors LLC acquired a new position in Yum! Brands during the 1st quarter worth approximately $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Yum! Brands during the 2nd quarter worth approximately $29,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Yum! Brands in the first quarter worth $32,000. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Company Profile

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.