Yum! Brands (NYSE:YUM) PT Set at $138.00 by Citigroup

Yum! Brands (NYSE:YUM) has been given a $138.00 target price by Citigroup in a research report issued to clients and investors on Monday, TipRanks reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. Citigroup‘s target price indicates a potential upside of 19.44% from the stock’s current price.

Several other brokerages have also recently issued reports on YUM. Edward Jones cut Yum! Brands from a “buy” rating to a “hold” rating in a research report on Monday, July 1st. Credit Suisse Group assumed coverage on Yum! Brands in a research report on Tuesday, June 25th. They set a “neutral” rating and a $106.00 target price on the stock. Tigress Financial reaffirmed a “buy” rating on shares of Yum! Brands in a research report on Friday, July 12th. BMO Capital Markets lifted their target price on Yum! Brands to $112.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. Finally, Evercore ISI reaffirmed a “buy” rating and set a $130.00 target price on shares of Yum! Brands in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $110.65.

NYSE YUM traded down $1.59 during trading hours on Monday, hitting $115.54. 87,137 shares of the company’s stock were exchanged, compared to its average volume of 1,634,879. Yum! Brands has a 1-year low of $82.14 and a 1-year high of $119.72. The firm has a 50-day moving average of $113.04. The stock has a market cap of $36.42 billion, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 2.51 and a beta of 0.53.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.06. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities analysts expect that Yum! Brands will post 3.87 earnings per share for the current fiscal year.

In related news, CFO David W. Gibbs sold 1,572 shares of Yum! Brands stock in a transaction on Monday, June 17th. The stock was sold at an average price of $109.93, for a total transaction of $172,809.96. Following the sale, the chief financial officer now directly owns 43,516 shares in the company, valued at $4,783,713.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David W. Gibbs sold 1,577 shares of Yum! Brands stock in a transaction on Monday, July 15th. The stock was sold at an average price of $111.29, for a total value of $175,504.33. Following the sale, the chief financial officer now owns 43,867 shares in the company, valued at $4,881,958.43. The disclosure for this sale can be found here. Insiders have sold 54,147 shares of company stock worth $5,770,207 over the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Howe & Rusling Inc. bought a new stake in shares of Yum! Brands in the first quarter valued at $25,000. Liberty Wealth Management LLC raised its stake in shares of Yum! Brands by 302.1% in the second quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 290 shares during the period. Certified Advisory Corp bought a new stake in shares of Yum! Brands in the second quarter valued at $44,000. Motco raised its stake in shares of Yum! Brands by 74.6% in the first quarter. Motco now owns 468 shares of the restaurant operator’s stock valued at $47,000 after buying an additional 200 shares during the period. Finally, Advisory Alpha LLC bought a new stake in shares of Yum! Brands in the first quarter valued at $50,000. Hedge funds and other institutional investors own 74.97% of the company’s stock.

About Yum! Brands

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

Further Reading: What is diluted earnings per share (Diluted EPS)?

Analyst Recommendations for Yum! Brands (NYSE:YUM)

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