Yum! Brands (NYSE:YUM) Given New $163.00 Price Target at Barclays

Yum! Brands (NYSE:YUM - Get Free Report) had its target price reduced by Barclays from $165.00 to $163.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the restaurant operator's stock. Barclays's target price would suggest a potential upside of 13.85% from the stock's current price.

YUM has been the subject of several other reports. TD Securities restated a "hold" rating and set a $164.00 price target on shares of Yum! Brands in a research report on Monday, March 31st. Robert W. Baird dropped their price target on shares of Yum! Brands from $176.00 to $174.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Piper Sandler lifted their target price on Yum! Brands from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Oppenheimer increased their price objective on Yum! Brands from $154.00 to $160.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Finally, Morgan Stanley raised their target price on shares of Yum! Brands from $146.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 13th. Sixteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $152.62.

Yum! Brands Price Performance

Shares of YUM traded up $2.66 during mid-day trading on Tuesday, reaching $143.17. The stock had a trading volume of 553,171 shares, compared to its average volume of 2,016,263. The firm has a market cap of $39.96 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 2.31 and a beta of 0.90. The business's fifty day moving average is $152.07 and its 200 day moving average is $140.23. Yum! Brands has a 52-week low of $122.13 and a 52-week high of $163.30.

Insider Buying and Selling

In related news, insider Erika Burkhardt sold 597 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $159.07, for a total transaction of $94,964.79. Following the completion of the sale, the insider now directly owns 64 shares in the company, valued at approximately $10,180.48. This trade represents a 90.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 30,604 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total value of $4,880,113.84. Following the completion of the transaction, the chief executive officer now directly owns 160,296 shares in the company, valued at approximately $25,560,800.16. The trade was a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,271 shares of company stock valued at $8,706,576. Corporate insiders own 0.33% of the company's stock.

Institutional Trading of Yum! Brands

Institutional investors have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new position in Yum! Brands during the fourth quarter valued at about $25,000. WealthTrak Capital Management LLC acquired a new stake in Yum! Brands in the 4th quarter worth approximately $25,000. Halbert Hargrove Global Advisors LLC bought a new stake in Yum! Brands during the fourth quarter worth approximately $33,000. Itau Unibanco Holding S.A. raised its position in shares of Yum! Brands by 436.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator's stock valued at $37,000 after purchasing an additional 227 shares during the period. Finally, Jackson Grant Investment Advisers Inc. boosted its holdings in shares of Yum! Brands by 52.1% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 295 shares of the restaurant operator's stock worth $40,000 after buying an additional 101 shares during the period. 82.37% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.