Oppenheimer Holdings, Inc. Reiterates Buy Rating for Yum! Brands, Inc. (YUM)
Yum! Brands, Inc. (NYSE:YUM)‘s stock had its “buy” rating restated by stock analysts at Oppenheimer Holdings, Inc. in a report issued on Monday. They currently have a $85.00 price target on the restaurant operator’s stock. Oppenheimer Holdings, Inc.’s price objective points to a potential upside of 14.17% from the stock’s current price. Oppenheimer Holdings also issued estimates for Yum! Brands’ Q4 2017 earnings at $0.77 EPS, FY2017 earnings at $2.74 EPS and FY2018 earnings at $3.07 EPS.
Other analysts also recently issued research reports about the company. UBS AG boosted their price objective on Yum! Brands from $76.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada reissued a “buy” rating and issued a $83.00 price objective on shares of Yum! Brands in a research note on Friday, August 4th. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, August 1st. Argus reissued a “buy” rating and issued a $88.00 price objective (up previously from $80.00) on shares of Yum! Brands in a research note on Wednesday, August 23rd. Finally, Cowen and Company reissued a “buy” rating and issued a $85.00 price objective on shares of Yum! Brands in a research note on Friday, September 8th. Eleven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Yum! Brands has an average rating of “Buy” and an average price target of $79.34.
Shares of Yum! Brands (YUM) opened at 74.45 on Monday. Yum! Brands has a 12-month low of $59.43 and a 12-month high of $78.14. The firm has a market cap of $25.67 billion, a price-to-earnings ratio of 19.76 and a beta of 0.81. The firm has a 50-day moving average price of $75.41 and a 200 day moving average price of $73.44.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Yum! Brands will post $2.81 earnings per share for the current fiscal year.
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In other news, CFO David W. Gibbs sold 8,336 shares of Yum! Brands stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the transaction, the chief financial officer now owns 39,664 shares in the company, valued at $2,935,136. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.65% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Forsta AP Fonden purchased a new position in Yum! Brands in the third quarter valued at about $3,739,000. Frontier Capital Management Co. LLC grew its stake in Yum! Brands by 48.9% in the third quarter. Frontier Capital Management Co. LLC now owns 1,132,652 shares of the restaurant operator’s stock valued at $83,375,000 after purchasing an additional 371,768 shares in the last quarter. Andra AP fonden grew its stake in Yum! Brands by 15.1% in the third quarter. Andra AP fonden now owns 55,500 shares of the restaurant operator’s stock valued at $4,085,000 after purchasing an additional 7,300 shares in the last quarter. Summit Securities Group LLC grew its stake in Yum! Brands by 302.6% in the third quarter. Summit Securities Group LLC now owns 12,300 shares of the restaurant operator’s stock valued at $905,000 after purchasing an additional 9,245 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. grew its stake in Yum! Brands by 2.3% in the third quarter. Bbva Compass Bancshares Inc. now owns 52,582 shares of the restaurant operator’s stock valued at $3,871,000 after purchasing an additional 1,175 shares in the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.
Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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