Yum! Brands (NYSE:YUM) Price Target Raised to $160.00

Yum! Brands (NYSE:YUM) had its price objective upped by investment analysts at Wells Fargo & Company from $145.00 to $160.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 0.96% from the stock’s current price.

YUM has been the topic of several other research reports. Citigroup restated a “neutral” rating and set a $141.00 price objective (down previously from $153.00) on shares of Yum! Brands in a report on Friday, January 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $140.00 price target (down previously from $158.00) on shares of Yum! Brands in a report on Tuesday, January 21st. TD Cowen reiterated a “hold” rating and set a $140.00 price objective on shares of Yum! Brands in a research note on Thursday, February 6th. Barclays upped their target price on Yum! Brands from $162.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Sanford C. Bernstein downgraded Yum! Brands from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $140.00 to $135.00 in a research report on Wednesday, January 22nd. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Yum! Brands currently has a consensus rating of “Hold” and an average target price of $150.65.

Yum! Brands Stock Up 0.0 %

Shares of Yum! Brands stock traded up $0.06 during trading on Wednesday, reaching $158.47. The company’s stock had a trading volume of 259,526 shares, compared to its average volume of 2,194,748. Yum! Brands has a 1-year low of $122.13 and a 1-year high of $161.28. The company has a 50-day simple moving average of $137.32 and a two-hundred day simple moving average of $135.88. The company has a market cap of $44.23 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 2.31 and a beta of 1.10.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 3,815 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $137.06, for a total transaction of $522,883.90. Following the completion of the transaction, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at $20,474,708.10. The trade was a 2.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Yum! Brands

Several hedge funds and other institutional investors have recently made changes to their positions in YUM. HBK Sorce Advisory LLC raised its holdings in Yum! Brands by 2.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 2,664 shares of the restaurant operator’s stock valued at $357,000 after acquiring an additional 69 shares in the last quarter. OLD Point Trust & Financial Services N A increased its position in shares of Yum! Brands by 0.5% in the 4th quarter. OLD Point Trust & Financial Services N A now owns 15,357 shares of the restaurant operator’s stock valued at $2,060,000 after purchasing an additional 70 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Yum! Brands by 1.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 6,605 shares of the restaurant operator’s stock valued at $886,000 after purchasing an additional 71 shares in the last quarter. Investment Partners LTD. lifted its position in shares of Yum! Brands by 2.3% during the 4th quarter. Investment Partners LTD. now owns 3,231 shares of the restaurant operator’s stock worth $433,000 after purchasing an additional 72 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its stake in shares of Yum! Brands by 5.0% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,575 shares of the restaurant operator’s stock worth $211,000 after purchasing an additional 75 shares in the last quarter. 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.