Yum! Brands (NYSE:YUM) Price Target Raised to $170.00

Yum! Brands (NYSE:YUM - Get Free Report) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $160.00 to $170.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the restaurant operator's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 15.69% from the stock's previous close.

A number of other brokerages have also recently issued reports on YUM. Citigroup increased their target price on Yum! Brands from $148.00 to $151.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Oppenheimer reissued an "outperform" rating and set a $185.00 target price on shares of Yum! Brands in a research report on Monday, April 28th. Cowen reaffirmed a "hold" rating on shares of Yum! Brands in a research report on Wednesday, March 5th. The Goldman Sachs Group increased their price objective on Yum! Brands from $140.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, Piper Sandler lifted their target price on Yum! Brands from $150.00 to $155.00 and gave the company a "neutral" rating in a research report on Thursday. Sixteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $156.70.

Yum! Brands Price Performance

Shares of Yum! Brands stock traded down $2.20 during trading on Monday, reaching $146.94. 818,897 shares of the company traded hands, compared to its average volume of 2,006,354. The firm has a market capitalization of $40.92 billion, a PE ratio of 28.13, a P/E/G ratio of 2.31 and a beta of 0.77. Yum! Brands has a 1-year low of $122.13 and a 1-year high of $163.30. The company has a 50 day moving average price of $151.79 and a 200-day moving average price of $141.09.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.01. Yum! Brands had a net margin of 19.68% and a negative return on equity of 20.33%. The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The business's revenue was up 11.8% on a year-over-year basis. Equities research analysts expect that Yum! Brands will post 5.94 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Erika Burkhardt sold 597 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $159.07, for a total transaction of $94,964.79. Following the sale, the insider now directly owns 64 shares in the company, valued at approximately $10,180.48. This represents a 90.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 30,604 shares of Yum! Brands stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the completion of the transaction, the chief executive officer now owns 160,296 shares of the company's stock, valued at $25,560,800.16. This represents a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,271 shares of company stock valued at $8,706,576. 0.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in YUM. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Yum! Brands during the 4th quarter valued at $25,000. WealthTrak Capital Management LLC purchased a new position in Yum! Brands during the fourth quarter worth about $25,000. Wayfinding Financial LLC bought a new position in Yum! Brands in the 1st quarter worth about $32,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Yum! Brands in the fourth quarter valued at approximately $33,000. Finally, Itau Unibanco Holding S.A. grew its stake in Yum! Brands by 436.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock worth $37,000 after buying an additional 227 shares in the last quarter. 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.

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