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

Yum! Brands (NYSE:YUM) had its target price lifted by investment analysts at Oppenheimer from $154.00 to $160.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price target points to a potential upside of 25.27% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. TD Cowen reaffirmed a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Bank of America dropped their target price on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price target on Yum! Brands from $137.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Redburn Atlantic lowered Yum! Brands from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $146.78.

Yum! Brands Stock Performance

Shares of YUM opened at $127.72 on Tuesday. The stock has a 50-day moving average of $135.09 and a two-hundred day moving average of $133.95. The stock has a market cap of $35.64 billion, a P/E ratio of 23.87, a P/E/G ratio of 2.37 and a beta of 1.11. Yum! Brands has a one year low of $124.76 and a one year high of $143.20.

Yum! Brands (NYSE:YUM) last released its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the firm earned $1.44 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts predict that Yum! Brands will post 5.47 EPS for the current fiscal year.

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 7,059 shares of Yum! Brands stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $135.94, for a total value of $959,600.46. Following the sale, the chief executive officer now directly owns 149,385 shares of the company’s stock, valued at $20,307,396.90. The trade was a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 17,879 shares of company stock valued at $2,424,167 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in YUM. Safe Harbor Fiduciary LLC purchased a new stake in shares of Yum! Brands during the third quarter worth $29,000. DiNuzzo Private Wealth Inc. boosted its position in 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 acquiring an additional 201 shares during the last quarter. Meeder Asset Management Inc. grew its stake in Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 82 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in Yum! Brands in the 2nd quarter valued at about $37,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Yum! Brands in the 2nd quarter worth approximately $39,000. 82.37% of the stock is owned by institutional investors and hedge funds.

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.