Yum! Brands (NYSE:YUM) Price Target Raised to $160.00 at Oppenheimer

Yum! Brands (NYSE:YUM - Get Free Report) had its price objective boosted by Oppenheimer from $154.00 to $160.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the restaurant operator's stock. Oppenheimer's target price points to a potential upside of 24.41% from the company's current price.

Other analysts also recently issued reports about the company. Argus raised Yum! Brands from a "hold" rating to a "buy" rating and set a $155.00 price objective for the company in a research report on Tuesday, December 31st. Redburn Atlantic downgraded shares of Yum! Brands from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Bank of America lowered their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a "neutral" rating for the company in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut their target price on Yum! Brands from $147.00 to $145.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Finally, Loop Capital lowered their price target on Yum! Brands from $143.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, November 6th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Yum! Brands has a consensus rating of "Hold" and an average target price of $146.78.

Yum! Brands Trading Down 1.2 %

YUM stock traded down $1.56 during trading on Tuesday, reaching $128.61. 2,102,993 shares of the stock were exchanged, compared to its average volume of 1,996,969. The business has a 50 day moving average price of $135.32 and a 200-day moving average price of $134.03. Yum! Brands has a 1 year low of $124.76 and a 1 year high of $143.20. The firm has a market capitalization of $35.89 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 2.37 and a beta of 1.11.

Yum! Brands (NYSE:YUM - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 EPS. On average, research analysts anticipate that Yum! Brands will post 5.47 EPS for the current year.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, CEO David W. Gibbs sold 7,059 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $135.94, for a total value of $959,600.46. Following the transaction, the chief executive officer now directly owns 149,385 shares in the company, valued at $20,307,396.90. This represents a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 17,879 shares of company stock worth $2,424,167 over the last ninety days. Corporate insiders own 0.31% of the company's stock.

Institutional Trading of Yum! Brands

Institutional investors have recently modified their holdings of the stock. Legacy Financial Advisors Inc. lifted its position in Yum! Brands by 2.2% in the second quarter. Legacy Financial Advisors Inc. now owns 3,460 shares of the restaurant operator's stock valued at $458,000 after acquiring an additional 76 shares during the last quarter. Diversified Trust Co boosted its position in shares of Yum! Brands by 2.4% in the 3rd quarter. Diversified Trust Co now owns 3,321 shares of the restaurant operator's stock valued at $464,000 after purchasing an additional 79 shares during the period. Meeder Asset Management Inc. grew its stake in Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator's stock worth $36,000 after buying an additional 82 shares during the last quarter. Anchor Investment Management LLC grew its stake in Yum! Brands by 7.4% during the 3rd quarter. Anchor Investment Management LLC now owns 1,329 shares of the restaurant operator's stock worth $186,000 after buying an additional 92 shares during the last quarter. Finally, Occidental Asset Management LLC increased its position in Yum! Brands by 2.5% during the third quarter. Occidental Asset Management LLC now owns 3,880 shares of the restaurant operator's stock worth $542,000 after buying an additional 96 shares during the period. Hedge funds and other 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.