Yum! Brands (NYSE:YUM) PT Lowered to $132.00 at JPMorgan Chase & Co.

Yum! Brands (NYSE:YUM) had its price target reduced by JPMorgan Chase & Co. from $134.00 to $132.00 in a research note published on Friday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the restaurant operator’s stock.

A number of other analysts have also issued reports on YUM. Guggenheim boosted their price objective on Yum! Brands from $145.00 to $155.00 and gave the company a buy rating in a research note on Thursday, March 7th. Oppenheimer upgraded shares of Yum! Brands from a market perform rating to an outperform rating and set a $154.00 price objective for the company in a research report on Friday, January 5th. Stifel Nicolaus reaffirmed a hold rating and set a $135.00 price objective on shares of Yum! Brands in a research note on Thursday, January 4th. Barclays increased their target price on shares of Yum! Brands from $144.00 to $148.00 and gave the stock an overweight rating in a research note on Thursday. Finally, BMO Capital Markets boosted their price target on shares of Yum! Brands from $133.00 to $135.00 and gave the company a market perform rating in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Yum! Brands presently has a consensus rating of Hold and a consensus price target of $143.53.

Yum! Brands Stock Down 0.5 %

Shares of NYSE:YUM opened at $134.34 on Friday. The firm has a market capitalization of $37.82 billion, a PE ratio of 23.82, a P/E/G ratio of 2.12 and a beta of 1.07. The company has a 50-day moving average price of $138.17 and a two-hundred day moving average price of $131.69. Yum! Brands has a twelve month low of $115.53 and a twelve month high of $143.20.

Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $1.15 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.05). Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business posted $1.06 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Analysts anticipate that Yum! Brands will post 5.67 earnings per share for the current fiscal year.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 7,078 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $138.37, for a total transaction of $979,382.86. Following the transaction, the chief executive officer now directly owns 172,128 shares of the company’s stock, valued at approximately $23,817,351.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO David W. Gibbs sold 7,067 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $136.34, for a total value of $963,514.78. Following the completion of the sale, the chief executive officer now directly owns 175,377 shares in the company, valued at approximately $23,910,900.18. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David W. Gibbs sold 7,078 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $138.37, for a total transaction of $979,382.86. Following the completion of the sale, the chief executive officer now directly owns 172,128 shares of the company’s stock, valued at approximately $23,817,351.36. The disclosure for this sale can be found here. Insiders have sold a total of 24,064 shares of company stock valued at $3,228,698 over the last 90 days. 0.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Yum! Brands

A number of large investors have recently added to or reduced their stakes in the business. Naples Money Management LLC bought a new position in shares of Yum! Brands during the fourth quarter valued at about $26,000. Bfsg LLC purchased a new stake in Yum! Brands during the 4th quarter valued at about $26,000. Redmont Wealth Advisors LLC bought a new position in Yum! Brands during the 1st quarter worth approximately $28,000. Fortitude Family Office LLC purchased a new position in Yum! Brands in the 4th quarter worth approximately $27,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Yum! Brands in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 82.37% of the company’s stock.

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.