Yum! Brands (NYSE:YUM) PT Lowered to $143.00

Yum! Brands (NYSE:YUM) had its price objective dropped by Deutsche Bank Aktiengesellschaft from $148.00 to $143.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 11.84% from the stock’s previous close.

Several other research firms also recently weighed in on YUM. TD Cowen reiterated a “buy” rating and set a $156.00 target price on shares of Yum! Brands in a research report on Thursday, June 13th. Barclays lifted their target price on Yum! Brands from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. BMO Capital Markets lifted their target price on Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. The Goldman Sachs Group started coverage on Yum! Brands in a report on Thursday, June 13th. They issued a “neutral” rating and a $150.00 price objective for the company. Finally, Argus restated a “hold” rating on shares of Yum! Brands in a report on Wednesday, April 10th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $145.13.

Yum! Brands Stock Down 0.0 %

YUM traded down $0.03 during trading on Tuesday, reaching $127.86. The company had a trading volume of 765,445 shares, compared to its average volume of 1,982,975. The stock has a market cap of $36.01 billion, a P/E ratio of 22.71, a PEG ratio of 2.12 and a beta of 1.07. The business has a 50 day simple moving average of $135.33 and a 200-day simple moving average of $135.03. Yum! Brands has a 52 week low of $115.53 and a 52 week high of $143.20.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 earnings per share. As a group, equities research analysts expect that Yum! Brands will post 5.64 EPS for the current fiscal year.

Yum! Brands announced that its Board of Directors has approved a share buyback plan on Wednesday, May 15th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the restaurant operator to buy up to 5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Yum! Brands

In related news, Director Paget Leonard Alves sold 6,309 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $136.19, for a total value of $859,222.71. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Yum! Brands news, Director Paget Leonard Alves sold 6,309 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $136.19, for a total value of $859,222.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Catlett sold 5,994 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $141.50, for a total value of $848,151.00. Following the completion of the transaction, the insider now directly owns 34,889 shares of the company’s stock, valued at $4,936,793.50. The disclosure for this sale can be found here. Insiders have sold a total of 33,398 shares of company stock worth $4,552,727 over the last quarter. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Yum! Brands by 24.0% in the first quarter. Vanguard Group Inc. now owns 29,012,969 shares of the restaurant operator’s stock valued at $4,022,648,000 after acquiring an additional 5,607,517 shares during the period. Capital World Investors raised its stake in shares of Yum! Brands by 23.7% during the 1st quarter. Capital World Investors now owns 18,121,611 shares of the restaurant operator’s stock worth $2,512,561,000 after buying an additional 3,470,883 shares during the period. Capital International Investors raised its stake in shares of Yum! Brands by 10.2% during the 1st quarter. Capital International Investors now owns 14,669,356 shares of the restaurant operator’s stock worth $2,033,906,000 after buying an additional 1,362,813 shares during the period. Sustainable Growth Advisers LP raised its stake in shares of Yum! Brands by 2.1% during the 1st quarter. Sustainable Growth Advisers LP now owns 5,939,663 shares of the restaurant operator’s stock worth $823,534,000 after buying an additional 121,285 shares during the period. Finally, Norges Bank acquired a new position in shares of Yum! Brands during the 4th quarter worth approximately $331,831,000. 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.