Yum! Brands (NYSE:YUM) PT Lowered to $132.00 at JPMorgan Chase & Co.

Yum! Brands (NYSE:YUM) had its price objective decreased by JPMorgan Chase & Co. from $134.00 to $132.00 in a research note issued to investors on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets raised their price objective on shares of Yum! Brands from $133.00 to $135.00 and gave the stock a market perform rating in a research report on Thursday. TD Cowen reaffirmed a buy rating and set a $160.00 price target on shares of Yum! Brands in a research report on Wednesday, May 1st. Royal Bank of Canada lowered their price objective on Yum! Brands from $145.00 to $141.00 and set a sector perform rating for the company in a research report on Friday, February 9th. Wells Fargo & Company downgraded Yum! Brands from an overweight rating to an equal weight rating and reduced their target price for the company from $150.00 to $135.00 in a research report on Thursday, January 11th. Finally, Guggenheim raised their price objective on Yum! Brands from $145.00 to $155.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $143.53.

Yum! Brands Stock Performance

NYSE YUM opened at $134.34 on Friday. The business has a fifty day moving average price of $138.17 and a 200 day moving average price of $131.69. The company has a market cap of $37.82 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.12 and a beta of 1.07. Yum! Brands has a one year low of $115.53 and a one year high of $143.20.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.05). Yum! Brands had a net margin of 22.92% and a negative return on equity of 18.64%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the business posted $1.06 EPS. Yum! Brands’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Yum! Brands will post 5.67 EPS for the current fiscal year.

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 7,067 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $136.34, for a total transaction of $963,514.78. Following the sale, the chief executive officer now owns 175,377 shares of the company’s stock, valued at approximately $23,910,900.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO David W. Gibbs sold 7,067 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $136.34, for a total transaction of $963,514.78. Following the transaction, the chief executive officer now directly owns 175,377 shares in the company, valued at $23,910,900.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 7,078 shares of Yum! Brands stock in a transaction on Monday, April 15th. The shares were sold at an average price of $138.37, for a total transaction of $979,382.86. Following the completion of the transaction, the chief executive officer now owns 172,128 shares in the company, valued at $23,817,351.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,064 shares of company stock valued at $3,228,698. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Naples Money Management LLC purchased a new stake in shares of Yum! Brands in the fourth quarter valued at approximately $26,000. Bfsg LLC acquired a new stake in Yum! Brands in the 4th quarter valued at about $26,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Yum! Brands in the first quarter valued at approximately $28,000. Fortitude Family Office LLC purchased a new position in shares of Yum! Brands during the 4th quarter worth approximately $27,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Yum! Brands during the fourth quarter worth $34,000. 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.