Yum! Brands (NYSE:YUM) Price target reduced to $142.00
Yum! Brands (NYSE:YUM – Get a Rating) saw its price target lowered by Guggenheim stock analysts to $142.00 in a research report released Thursday, Stock Target Advisor reports. Guggenheim’s price target would suggest a potential upside of 33.03% from the company’s current price.
Several other stock analysts have also recently weighed in on the company. The Goldman Sachs group has updated Yum! The brands moved from a “sell” rating to a “buy” rating and raised their price target for the business from $125.00 to $135.00 in a Monday, July 18 report. Barclays has reduced its price target on Yum! Marks $124.00 to $120.00 and established an “equal weight” rating for the company in a Thursday, June 9 report. Citigroup has reduced its price target on Yum! Marks from $148.00 to $145.00 in a Thursday, July 21 report. Argus downgraded Yum! The brands went from a “buy” rating to a “hold” rating in a Wednesday, August 17 report. Finally, Morgan Stanley lowered its price target on Yum! The marks $146.00 to $142.00 and set an “overweight” rating for the company in a Monday, July 18 report. Five analysts gave the stock a hold rating and eight gave the stock a buy rating. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $138.20.
Yum! Brands are trading down 1.3%
YUM traded down $1.38 during Thursday’s trading, hitting $106.74. The stock recorded trading volume of 33,784 shares, compared to an average trading volume of 1,604,345 shares. The stock’s 50-day moving average is $115.99 and its two-hundred-day moving average is $116.61. The company has a market capitalization of $30.37 billion, a price/earnings ratio of 21.39, a P/E/G ratio of 2.00 and a beta of 1.03. Yum! Brands has a 1-year low of $106.30 and a 1-year high of $139.85.
Yum! Brands (NYSE:YUM – Get Rating) last released its quarterly earnings data on Wednesday, August 3. The restaurateur reported earnings per share (EPS) of $1.05 for the quarter, missing analyst consensus estimates of $1.08 per ($0.03). The company posted revenue of $1.64 billion in the quarter, versus a consensus estimate of $1.66 billion. Yum! The brands had a negative return on equity of 15.45% and a net margin of 22.17%. During the same quarter last year, the company posted EPS of $1.16. On average, equity research analysts predict that Yum! Brands will post 4.54 earnings per share for the current year.
Yum! Brands said its board launched a stock repurchase program on Monday, Sept. 12 that allows the company to repurchase $2.00 billion of outstanding stock. This repurchase authorization allows the restaurateur to repurchase up to 6.2% of its shares through purchases on the open market. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Insiders place their bets
In other Yum! Brands news, Weir director Mirian M. Graddick sold 1,215 shares of the company in a trade dated Friday, August 12. The stock was sold at an average price of $118.30, for a total value of $143,734.50. Following the transaction, the administrator now directly owns 1,233 shares of the company, valued at $145,863.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, Weir manager Mirian M. Graddick sold 1,215 shares of Yum! Brands stock in a trade dated Friday, August 12. The stock was sold at an average price of $118.30, for a total transaction of $143,734.50. As a result of the transaction, the administrator now directly owns 1,233 shares of the company, valued at approximately $145,863.90. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Additionally, Vice President David Eric Russell sold 4,454 shares of Yum! Brands stock in a trade dated Wednesday, August 10. The shares were sold at an average price of $118.52, for a total value of $527,888.08. Following the transaction, the vice president now directly owns 17,266 shares of the company, valued at $2,046,366.32. The disclosure of this sale can be found here. Insiders own 0.37% of the shares of the company.
Institutional trading of Yum! Brands
Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Lansing Street Advisors bought a new stake in Yum! Marks during Q1 valued at approximately $25,000. Vigilant Capital Management LLC has purchased a new stake in Yum! Marks during Q2 valued at approximately $25,000. Cornerstone Advisory LLC has purchased a new stake in Yum! 4th quarter marks worth approximately $31,000. Riverview Trust Co has purchased a new stake in Yum! 1st quarter marks worth approximately $31,000. Finally, Investors Asset Management of Georgia Inc. GA ADV took a new stake in Yum! 2nd quarter marks worth approximately $30,000. Institutional investors hold 70.18% of the company’s shares.
Yum! Company Profile
(Get a rating)
YUM! Brands, Inc., together with its subsidiaries, develops, operates and franchises quick service restaurants worldwide. It operates through four segments: KFC Division, Taco Bell Division, Pizza Hut Division and Habit Burger Grill Division. The Company operates restaurants under the KFC, Pizza Hut, Taco Bell and The Habit Burger Grill brands, which specialize in chicken, pizza, grilled-to-order burgers, sandwiches, Mexican-style food categories and diners. other food products.
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