Guggenheim Issues Positive Forecast for Yum! Brands (NYSE:YUM) Stock Price

Key Points

• Guggenheim has increased its price target for Yum! Brands from $165.00 to $167.00, indicating a potential upside of 14.51% from the stock’s previous close, and maintains a "buy" rating.
• Multiple analysts have provided varying ratings for Yum! Brands, with thirteen holding ratings and ten buy ratings, reflecting a diverse outlook among investment firms.
• Yum! Brands stock opened at $145.84 with a market cap of $40.54 billion, and has seen a low of $122.13 and a high of $163.30 over the past year.

Yum! Brands (NYSE:YUM - Get Free Report) had its price objective upped by investment analysts at Guggenheim from $165.00 to $167.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the restaurant operator's stock. Guggenheim's price target points to a potential upside of 14.51% from the company's previous close.

Several other equities analysts have also issued reports on the stock. Melius began coverage on shares of Yum! Brands in a report on Monday, July 14th. They issued a "buy" rating and a $200.00 target price on the stock. Robert W. Baird dropped their target price on shares of Yum! Brands from $176.00 to $174.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Piper Sandler upped their price objective on shares of Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised Yum! Brands from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $170.00 to $162.00 in a report on Wednesday, June 25th. Finally, Redburn Atlantic raised shares of Yum! Brands from a "neutral" rating to a "buy" rating and increased their price target for the stock from $145.00 to $177.00 in a report on Tuesday, June 10th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $159.95.

Yum! Brands Stock Up 0.3%

Yum! Brands stock opened at $145.84 on Monday. The stock has a market cap of $40.54 billion, a PE ratio of 29.05, a P/E/G ratio of 2.11 and a beta of 0.73. The business's 50-day moving average price is $145.65 and its two-hundred day moving average price is $146.54. Yum! Brands has a 12-month low of $122.13 and a 12-month high of $163.30.

Insider Buying and Selling

In related news, CEO Scott Mezvinsky sold 272 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $148.28, for a total value of $40,332.16. Following the completion of the transaction, the chief executive officer owned 1,755 shares of the company's stock, valued at $260,231.40. The trade was a 13.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David W. Gibbs sold 7,117 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $146.60, for a total value of $1,043,352.20. Following the sale, the chief executive officer directly owned 102,893 shares in the company, valued at approximately $15,084,113.80. The trade was a 6.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,720 shares of company stock valued at $2,150,965 over the last three months. 0.33% of the stock is owned by corporate insiders.

Institutional Trading of Yum! Brands

A number of institutional investors have recently made changes to their positions in YUM. HFM Investment Advisors LLC purchased a new stake in Yum! Brands during the 1st quarter worth approximately $25,000. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Yum! Brands during the first quarter valued at $25,000. Manchester Capital Management LLC increased its position in shares of Yum! Brands by 78.0% in the 1st quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator's stock valued at $25,000 after acquiring an additional 71 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new stake in Yum! Brands during the 2nd quarter worth about $29,000. Finally, Wayfinding Financial LLC purchased a new stake in Yum! Brands during the 1st quarter valued at about $32,000. Institutional investors and hedge funds 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.

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