Loop Capital Lowers Yum! Brands (NYSE:YUM) Price Target to $140.00

Yum! Brands (NYSE:YUM) had its price target dropped by analysts at Loop Capital from $143.00 to $140.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Loop Capital’s target price points to a potential upside of 2.15% from the stock’s current price.

YUM has been the topic of several other reports. Robert W. Baird boosted their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley reduced their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Bank of America dropped their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. TD Cowen reaffirmed a “hold” rating and issued a $145.00 target price on shares of Yum! Brands in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Yum! Brands has a consensus rating of “Hold” and an average target price of $145.94.

Yum! Brands Trading Up 2.0 %

Shares of YUM opened at $137.06 on Wednesday. Yum! Brands has a twelve month low of $123.60 and a twelve month high of $143.20. The firm has a market capitalization of $38.54 billion, a P/E ratio of 25.62, a PEG ratio of 2.09 and a beta of 1.10. The firm’s 50-day moving average is $134.23 and its two-hundred day moving average is $134.81.

Yum! Brands (NYSE:YUM) last released its quarterly 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 firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS. Analysts predict that Yum! Brands will post 5.59 EPS for the current year.

Insider Activity at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,069 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the transaction, the chief executive officer now directly owns 159,132 shares of the company’s stock, valued at $21,947,485.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Yum! Brands news, CEO David W. Gibbs sold 7,069 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the transaction, the chief executive officer now owns 159,132 shares in the company, valued at $21,947,485.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Weir Mirian M. Graddick sold 1,309 shares of Yum! Brands stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $137.40, for a total transaction of $179,856.60. Following the sale, the director now owns 1,233 shares in the company, valued at $169,414.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,622 shares of company stock worth $4,172,740. 0.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Yum! Brands

Several large investors have recently modified their holdings of the business. Manchester Capital Management LLC boosted its holdings in Yum! Brands by 165.7% in the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. 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. grew its position in shares of Yum! Brands by 957.1% during the third quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after buying an additional 201 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Yum! Brands by 43.6% in 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 during the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in Yum! Brands in the second quarter valued at $37,000. 82.37% of the stock is currently 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.