JPMorgan Chase & Co. Lowers Yum! Brands (NYSE:YUM) Price Target to $160.00

Yum! Brands (NYSE:YUM) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $162.00 to $160.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 12.20% from the company’s current price.

Several other equities analysts also recently commented on YUM. Melius began coverage on shares of Yum! Brands in a research note on Monday, July 14th. They set a “buy” rating and a $200.00 price objective for the company. Barclays decreased their price target on shares of Yum! Brands from $167.00 to $164.00 and set an “overweight” rating for the company in a research note on Tuesday. Piper Sandler increased their price target on shares of Yum! Brands from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Redburn Atlantic raised shares of Yum! Brands from a “neutral” rating to a “buy” rating and increased their price target for the stock from $145.00 to $177.00 in a research note on Tuesday, June 10th. Finally, Citigroup increased their price target on shares of Yum! Brands from $148.00 to $151.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $161.23.

Yum! Brands Trading Up 0.9%

Shares of NYSE:YUM opened at $142.61 on Wednesday. The company has a market cap of $39.64 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 2.05 and a beta of 0.73. The company has a 50-day moving average price of $145.54 and a 200-day moving average price of $146.73. Yum! Brands has a 12 month low of $122.13 and a 12 month high of $163.30.

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

Insider Transactions at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,117 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total value of $1,043,352.20. Following the sale, the chief executive officer owned 102,893 shares in the company, valued at approximately $15,084,113.80. This represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott Mezvinsky sold 263 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $139.92, for a total transaction of $36,798.96. Following the completion of the sale, the chief executive officer owned 1,755 shares in the company, valued at approximately $245,559.60. This trade represents a 13.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,983 shares of company stock worth $2,187,764. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Yum! Brands

Institutional investors have recently made changes to their positions in the company. Manchester Capital Management LLC grew its holdings in shares of Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 71 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Yum! Brands during the first quarter valued at approximately $25,000. HFM Investment Advisors LLC bought a new position in Yum! Brands during the first quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in Yum! Brands during the second quarter valued at approximately $29,000. Finally, Wayfinding Financial LLC bought a new position in Yum! Brands during the first quarter valued at approximately $32,000. Hedge funds and other institutional investors 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.