Yum! Brands (NYSE:YUM) had its target price upped by research analysts at Deutsche Bank from $75.00 to $82.00 in a report released on Monday. The brokerage currently has a “hold” rating on the restaurant operator’s stock. Deutsche Bank’s price objective would suggest a potential upside of 5.06% from the company’s previous close.

YUM has been the topic of several other reports. Nomura upped their price objective on shares of Yum! Brands from $85.00 to $89.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Yum! Brands from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. UBS Group reiterated a “positive” rating and set a $89.00 target price (up from $83.00) on shares of Yum! Brands in a report on Friday, November 3rd. Barclays increased their target price on shares of Yum! Brands from $74.00 to $78.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Finally, Robert W. Baird increased their target price on shares of Yum! Brands from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Fourteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $82.26.

Shares of Yum! Brands (YUM) traded down $1.26 during mid-day trading on Monday, hitting $78.05. 632,079 shares of the stock traded hands, compared to its average volume of 2,015,279. The company has a debt-to-equity ratio of -1.49, a quick ratio of 1.65 and a current ratio of 1.66. Yum! Brands has a 52-week low of $62.85 and a 52-week high of $86.93. The firm has a market cap of $26,700.00, a price-to-earnings ratio of 20.59, a P/E/G ratio of 1.89 and a beta of 0.95.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, February 8th. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.80 by $0.16. Yum! Brands had a net margin of 22.80% and a negative return on equity of 17.27%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business posted $0.79 EPS. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. analysts forecast that Yum! Brands will post 3.29 EPS for the current fiscal year.

Yum! Brands announced that its Board of Directors has authorized a share buyback plan on Friday, November 17th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In other news, CEO Brian R. Niccol sold 2,294 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $84.90, for a total value of $194,760.60. Following the sale, the chief executive officer now directly owns 10,160 shares in the company, valued at approximately $862,584. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian R. Niccol sold 927 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $83.46, for a total transaction of $77,367.42. The disclosure for this sale can be found here. Insiders sold a total of 4,325 shares of company stock worth $363,065 over the last 90 days. Company insiders own 0.65% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Yum! Brands by 18.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,910,196 shares of the restaurant operator’s stock valued at $582,270,000 after purchasing an additional 1,220,537 shares in the last quarter. Legal & General Group Plc grew its position in shares of Yum! Brands by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 1,780,894 shares of the restaurant operator’s stock valued at $131,091,000 after buying an additional 35,032 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Yum! Brands by 26.0% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,778,900 shares of the restaurant operator’s stock valued at $130,945,000 after buying an additional 366,900 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Yum! Brands by 0.6% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,400,356 shares of the restaurant operator’s stock valued at $103,080,000 after buying an additional 7,830 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Yum! Brands by 11.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,356,235 shares of the restaurant operator’s stock valued at $110,682,000 after buying an additional 142,288 shares during the last quarter. Institutional investors and hedge funds own 73.23% of the company’s stock.

WARNING: This piece was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://theolympiareport.com/2018/02/12/deutsche-bank-raises-yum-brands-yum-price-target-to-82-00.html.

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.

Analyst Recommendations for Yum! Brands (NYSE:YUM)

Receive News & Ratings for Yum! Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum! Brands and related companies with MarketBeat.com's FREE daily email newsletter.