Yum! Brands (NYSE:YUM) Given New $145.00 Price Target at Bank of America

Yum! Brands (NYSE:YUM - Get Free Report) had its price target decreased by investment analysts at Bank of America from $147.00 to $145.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the restaurant operator's stock. Bank of America's price objective suggests a potential upside of 8.73% from the company's current price.

YUM has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on shares of Yum! Brands from $137.00 to $144.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Yum! Brands from $143.00 to $147.00 and gave the company a "hold" rating in a research note on Wednesday, August 7th. Robert W. Baird upped their price objective on shares of Yum! Brands from $150.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. Morgan Stanley reduced their price target on shares of Yum! Brands from $155.00 to $153.00 and set an "overweight" rating for the company in a research report on Tuesday, July 16th. Finally, Evercore ISI lowered shares of Yum! Brands from an "outperform" rating to an "inline" rating and reduced their price target for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Yum! Brands presently has an average rating of "Hold" and an average target price of $146.44.

Yum! Brands Trading Down 0.5 %

YUM stock traded down $0.64 during trading on Tuesday, hitting $133.36. The company had a trading volume of 929,584 shares, compared to its average volume of 1,946,643. The business has a 50 day moving average of $134.90 and a 200 day moving average of $135.11. Yum! Brands has a fifty-two week low of $118.28 and a fifty-two week high of $143.20. The firm has a market capitalization of $37.56 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 2.06 and a beta of 1.08.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.35 EPS for the quarter, topping the consensus estimate of $1.33 by $0.02. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the previous year, the business earned $1.41 earnings per share. As a group, equities analysts predict that Yum! Brands will post 5.6 EPS for the current year.

Insider Buying and Selling at Yum! Brands

In other news, CEO Sabir Sami sold 71,051 shares of the firm's stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $137.16, for a total value of $9,745,355.16. Following the sale, the chief executive officer now owns 68 shares in the company, valued at approximately $9,326.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO David W. Gibbs sold 7,005 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the completion of the transaction, the chief executive officer now directly owns 155,883 shares of the company's stock, valued at $20,955,351.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sabir Sami sold 71,051 shares of the firm's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $137.16, for a total value of $9,745,355.16. Following the completion of the transaction, the chief executive officer now directly owns 68 shares of the company's stock, valued at approximately $9,326.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,673 shares of company stock worth $13,918,095 over the last 90 days. Insiders own 0.31% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ruedi Wealth Management Inc. increased its position in Yum! Brands by 79.8% in the first quarter. Ruedi Wealth Management Inc. now owns 187 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 83 shares during the period. Manchester Capital Management LLC increased its position in Yum! Brands by 165.7% in the first quarter. Manchester Capital Management LLC now owns 186 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 116 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in Yum! Brands in the first quarter worth about $28,000. Crewe Advisors LLC acquired a new position in shares of Yum! Brands during the 1st quarter worth about $28,000. Finally, DiNuzzo Private Wealth Inc. grew its position in shares of Yum! Brands by 957.1% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator's stock worth $31,000 after buying an additional 201 shares during the period. 82.37% of the stock is owned by institutional investors.

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.