Yum! Brands (NYSE:YUM) Stock Rating Lowered by Redburn Atlantic

Yum! Brands (NYSE:YUM) was downgraded by equities researchers at Redburn Atlantic from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on YUM. Deutsche Bank Aktiengesellschaft cut their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Evercore ISI downgraded Yum! Brands from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $160.00 to $145.00 in a report on Tuesday, July 16th. TD Cowen reissued a “hold” rating and set a $145.00 target price on shares of Yum! Brands in a research note on Wednesday, November 6th. Morgan Stanley reduced their price objective on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. boosted their target price on Yum! Brands from $137.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Yum! Brands presently has an average rating of “Hold” and an average price target of $145.94.

Yum! Brands Stock Performance

Shares of Yum! Brands stock opened at $134.61 on Monday. Yum! Brands has a fifty-two week low of $123.70 and a fifty-two week high of $143.20. The firm has a 50-day simple moving average of $134.35 and a two-hundred day simple moving average of $134.69. The company has a market cap of $37.57 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Yum! Brands had a negative return on equity of 18.93% and a net margin of 21.13%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. Equities research analysts forecast that Yum! Brands will post 5.49 EPS for the current year.

Insider Activity

In related news, CEO David W. Gibbs sold 7,005 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the transaction, the chief executive officer now directly owns 155,883 shares of the company’s stock, valued at approximately $20,955,351.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Yum! Brands news, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the transaction, the chief executive officer now owns 159,132 shares in the company, valued at $21,947,485.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David W. Gibbs sold 7,005 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $134.43, for a total value of $941,682.15. Following the sale, the chief executive officer now directly owns 155,883 shares of the company’s stock, valued at $20,955,351.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,388 shares of company stock worth $3,038,177 in the last 90 days. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Yum! Brands

A number of hedge funds have recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in shares of Yum! Brands in the 1st quarter valued at $28,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Yum! Brands by 957.1% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 201 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 82 shares during the last quarter. Kimelman & Baird LLC acquired a new stake in Yum! Brands in the 2nd quarter worth approximately $37,000. Finally, Iron Horse Wealth Management LLC boosted its position in Yum! Brands by 3,088.9% during the second quarter. Iron Horse Wealth Management LLC now owns 287 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 82.37% of the company’s stock.

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.