Yum! Brands (YUM) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of Yum! Brands (NYSE:YUM) from a hold rating to a buy rating in a research note issued to investors on Monday, April 2nd.

Several other analysts have also weighed in on YUM. Morgan Stanley lifted their target price on Yum! Brands from $91.00 to $92.00 and gave the company an equal weight rating in a research note on Monday, March 26th. Wells Fargo decreased their target price on Yum! Brands from $85.00 to $82.00 and set a market perform rating for the company in a research note on Friday, February 9th. Instinet downgraded Yum! Brands from a buy rating to a neutral rating in a research report on Tuesday, January 30th. Cowen reiterated a buy rating and set a $92.00 price objective on shares of Yum! Brands in a research report on Thursday, March 15th. Finally, Royal Bank of Canada reiterated an outperform rating and set a $89.00 price objective (down from $92.00) on shares of Yum! Brands in a research report on Friday, February 2nd. Thirteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Yum! Brands currently has an average rating of Buy and a consensus price target of $83.64.

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NYSE:YUM traded up $0.34 during mid-day trading on Monday, hitting $86.60. The company had a trading volume of 1,614,630 shares, compared to its average volume of 2,144,202. Yum! Brands has a 1 year low of $63.73 and a 1 year high of $87.06. The firm has a market capitalization of $28,403.27, a PE ratio of 29.36, a price-to-earnings-growth ratio of 2.05 and a beta of 0.84. The company has a debt-to-equity ratio of -1.49, a current ratio of 1.66 and a quick ratio of 1.65.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, February 8th. The restaurant operator reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.16. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.59 billion. Yum! Brands had a negative return on equity of 17.27% and a net margin of 22.80%. Yum! Brands’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 earnings per share. equities analysts anticipate that Yum! Brands will post 3.27 EPS for the current year.

In other Yum! Brands news, CEO Brian R. Niccol sold 945 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $79.90, for a total value of $75,505.50. Following the transaction, the chief executive officer now owns 10,785 shares of the company’s stock, valued at $861,721.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian R. Niccol sold 2,294 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $84.90, for a total value of $194,760.60. Following the completion of the transaction, the chief executive officer now directly owns 10,160 shares in the company, valued at approximately $862,584. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

A number of large investors have recently made changes to their positions in YUM. Renaissance Technologies LLC acquired a new stake in Yum! Brands during the 4th quarter valued at $58,931,000. Magellan Asset Management Ltd grew its holdings in shares of Yum! Brands by 4.1% during the 4th quarter. Magellan Asset Management Ltd now owns 16,076,881 shares of the restaurant operator’s stock valued at $1,312,034,000 after acquiring an additional 632,560 shares in the last quarter. Alkeon Capital Management LLC purchased a new position in shares of Yum! Brands during the 3rd quarter valued at $45,086,000. American Century Companies Inc. purchased a new position in shares of Yum! Brands during the 4th quarter valued at $33,729,000. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in shares of Yum! Brands by 19.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,128,020 shares of the restaurant operator’s stock valued at $173,670,000 after acquiring an additional 349,120 shares in the last quarter. 74.94% of the stock is currently owned by institutional investors.

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About Yum! Brands

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Analyst Recommendations for Yum! Brands (NYSE:YUM)

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