Yum! Brands (NYSE:YUM) Price Target Raised to $150.00 at Piper Sandler

Yum! Brands (NYSE:YUM - Get Free Report) had its price target lifted by analysts at Piper Sandler from $140.00 to $150.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the restaurant operator's stock. Piper Sandler's target price would indicate a potential upside of 1.68% from the company's current price.

Several other research analysts have also recently commented on YUM. Morgan Stanley raised their target price on Yum! Brands from $146.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 13th. Sanford C. Bernstein cut shares of Yum! Brands from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $140.00 to $135.00 in a research note on Wednesday, January 22nd. Cowen reaffirmed a "hold" rating on shares of Yum! Brands in a report on Wednesday, March 5th. Stifel Nicolaus increased their target price on Yum! Brands from $130.00 to $148.00 and gave the stock a "hold" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on Yum! Brands from $138.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $151.70.

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Yum! Brands Stock Down 8.6 %

Yum! Brands stock traded down $13.93 during mid-day trading on Thursday, reaching $147.52. The company had a trading volume of 4,704,337 shares, compared to its average volume of 1,969,178. The company has a 50 day moving average of $150.15 and a 200-day moving average of $139.46. Yum! Brands has a 52 week low of $122.13 and a 52 week high of $163.30. The firm has a market cap of $41.17 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.31 and a beta of 0.90.

Insider Activity

In related news, CEO David W. Gibbs sold 5,293 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.24, for a total value of $816,392.32. Following the completion of the transaction, the chief executive officer now owns 157,893 shares of the company's stock, valued at approximately $24,353,416.32. This trade represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David Eric Russell sold 5,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $158.66, for a total transaction of $793,300.00. Following the sale, the vice president now directly owns 11,960 shares in the company, valued at $1,897,573.60. This trade represents a 29.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,132 shares of company stock worth $7,952,685 over the last three months. Corporate insiders own 0.31% of the company's stock.

Institutional Trading of Yum! Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC bought a new position in Yum! Brands in the fourth quarter valued at approximately $25,000. WealthTrak Capital Management LLC acquired a new stake in shares of Yum! Brands in the 4th quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of Yum! Brands in the third quarter valued at $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in Yum! Brands during the fourth quarter worth $33,000. Finally, Itau Unibanco Holding S.A. raised its position in Yum! Brands by 436.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock worth $37,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds 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.