Yum! Brands (NYSE:YUM) Price Target Raised to $164.00

Yum! Brands (NYSE:YUM) had its target price increased by equities researchers at TD Securities from $151.00 to $164.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. TD Securities’ price objective would indicate a potential upside of 2.62% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Robert W. Baird upped their price target on Yum! Brands from $160.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group upped their price target on Yum! Brands from $156.00 to $165.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup reaffirmed a “neutral” rating and issued a $141.00 price target (down previously from $153.00) on shares of Yum! Brands in a report on Friday, January 10th. Finally, Argus raised Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a report on Tuesday, December 31st. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $150.65.

Yum! Brands Stock Up 0.3 %

Yum! Brands stock opened at $159.81 on Wednesday. The business has a 50 day moving average price of $138.29 and a two-hundred day moving average price of $136.21. The stock has a market cap of $44.60 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03. Yum! Brands has a 12 month low of $122.13 and a 12 month high of $161.28.

Insider Activity at Yum! Brands

In other Yum! Brands news, VP David Eric Russell sold 5,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $158.66, for a total value of $793,300.00. Following the transaction, the vice president now directly owns 11,960 shares in the company, valued at approximately $1,897,573.60. This trade represents a 29.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David W. Gibbs sold 3,815 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $137.06, for a total value of $522,883.90. Following the completion of the transaction, the chief executive officer now owns 149,385 shares in the company, valued at $20,474,708.10. The trade was a 2.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,419 shares of company stock valued at $6,196,298 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in Yum! Brands in the 4th quarter valued at $25,000. WealthTrak Capital Management LLC bought a new position in shares of Yum! Brands in the 4th quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of Yum! Brands in the 3rd quarter worth $29,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Yum! Brands in the 4th quarter worth $33,000. Finally, Itau Unibanco Holding S.A. boosted its position in shares of Yum! Brands by 436.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 279 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 227 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors.

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.