Yum! Brands (NYSE:YUM) Price Target Raised to $151.00 at Citigroup

Yum! Brands (NYSE:YUM - Get Free Report) had its price target upped by equities research analysts at Citigroup from $148.00 to $151.00 in a report released on Tuesday, Marketbeat.com reports. The brokerage presently has a "neutral" rating on the restaurant operator's stock. Citigroup's target price points to a potential upside of 5.50% from the stock's previous close.

Several other analysts have also weighed in on the company. Piper Sandler raised their price objective on Yum! Brands from $140.00 to $150.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Sanford C. Bernstein downgraded shares of Yum! Brands from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $140.00 to $135.00 in a research note on Wednesday, January 22nd. Oppenheimer upped their price objective on shares of Yum! Brands from $154.00 to $160.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their target price on shares of Yum! Brands from $140.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, Argus upgraded shares of Yum! Brands from a "hold" rating to a "buy" rating and set a $155.00 price objective for the company in a report on Tuesday, December 31st. Sixteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $152.71.

Yum! Brands Price Performance

NYSE:YUM traded up $0.56 during mid-day trading on Tuesday, reaching $143.13. The stock had a trading volume of 1,768,214 shares, compared to its average volume of 2,021,870. The stock has a 50-day simple moving average of $152.19 and a two-hundred day simple moving average of $140.18. Yum! Brands has a 12 month low of $122.13 and a 12 month high of $163.30. The stock has a market capitalization of $39.95 billion, a PE ratio of 27.42, a P/E/G ratio of 2.31 and a beta of 0.90.

Insider Activity at Yum! Brands

In related news, CEO David W. Gibbs sold 30,604 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $159.46, for a total value of $4,880,113.84. Following the transaction, the chief executive officer now owns 160,296 shares of the company's stock, valued at approximately $25,560,800.16. This trade represents a 16.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Tracy L. Skeans sold 8,638 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $158.36, for a total value of $1,367,913.68. Following the sale, the chief operating officer now directly owns 2,970 shares of the company's stock, valued at $470,329.20. This represents a 74.41 % 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 company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of YUM. Geode Capital Management LLC boosted its holdings in Yum! Brands by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 7,604,632 shares of the restaurant operator's stock worth $1,021,194,000 after acquiring an additional 163,462 shares during the last quarter. Northern Trust Corp boosted its holdings in Yum! Brands by 20.4% during the fourth quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator's stock worth $475,714,000 after purchasing an additional 601,361 shares during the last quarter. Norges Bank bought a new stake in Yum! Brands in the 4th quarter worth about $418,692,000. FMR LLC increased its stake in Yum! Brands by 1.0% in the 4th quarter. FMR LLC now owns 2,521,583 shares of the restaurant operator's stock valued at $338,296,000 after buying an additional 24,681 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Yum! Brands by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,355,367 shares of the restaurant operator's stock worth $315,996,000 after buying an additional 94,026 shares during the last quarter. 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.