Yum! Brands, Inc. (NYSE:YUM) Price Target Increased to $82.00 by Analysts at Morgan Stanley

Yum! Brands, Inc. (NYSE:YUM) had its price objective hoisted by Morgan Stanley from $77.00 to $82.00 in a research note released on Friday, November 3rd. Morgan Stanley currently has an equal weight rating on the restaurant operator’s stock.

YUM has been the topic of several other research reports. Zacks Investment Research raised Yum! Brands from a hold rating to a buy rating and set a $83.00 target price on the stock in a research note on Thursday, July 20th. Robert W. Baird raised their price target on Yum! Brands from $78.00 to $83.00 and gave the stock a neutral rating in a research report on Friday, November 3rd. CIBC raised their price target on Yum! Brands from $80.00 to $85.00 and gave the stock an outperform rating in a research report on Friday, September 8th. BMO Capital Markets raised their price target on Yum! Brands from $66.00 to $77.00 and gave the stock a market perform rating in a research report on Thursday, August 3rd. Finally, Cowen and Company reiterated a buy rating and set a $85.00 price objective on shares of Yum! Brands in a report on Friday, September 8th. Twelve investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Yum! Brands currently has an average rating of Buy and an average price target of $80.95.

Yum! Brands (YUM) opened at $79.61 on Friday. The stock has a market capitalization of $26,821.33, a PE ratio of 28.42, a P/E/G ratio of 2.41 and a beta of 0.86. Yum! Brands has a 1-year low of $60.34 and a 1-year high of $81.65. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of -1.55.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 earnings per share. equities analysts forecast that Yum! Brands will post 2.81 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. Yum! Brands’s dividend payout ratio (DPR) is currently 37.04%.

In related news, CEO Brian R. Niccol sold 3,588 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $79.90, for a total transaction of $286,681.20. Following the sale, the chief executive officer now owns 15,075 shares in the company, valued at approximately $1,204,492.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David W. Gibbs sold 4,318 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $80.56, for a total value of $347,858.08. Following the sale, the chief financial officer now owns 39,396 shares in the company, valued at approximately $3,173,741.76. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Magnetar Financial LLC grew its position in shares of Yum! Brands by 153.3% in the 3rd quarter. Magnetar Financial LLC now owns 38,135 shares of the restaurant operator’s stock valued at $2,807,000 after buying an additional 23,081 shares during the last quarter. King Luther Capital Management Corp grew its position in shares of Yum! Brands by 270.2% in the 3rd quarter. King Luther Capital Management Corp now owns 40,397 shares of the restaurant operator’s stock valued at $2,974,000 after buying an additional 29,485 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Yum! Brands by 4.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 44,425 shares of the restaurant operator’s stock valued at $3,272,000 after buying an additional 2,027 shares during the last quarter. ARGI Investment Services LLC grew its position in shares of Yum! Brands by 1.2% in the 3rd quarter. ARGI Investment Services LLC now owns 62,838 shares of the restaurant operator’s stock valued at $4,623,000 after buying an additional 752 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Yum! Brands by 13.6% in the 3rd quarter. Private Advisor Group LLC now owns 23,729 shares of the restaurant operator’s stock valued at $1,797,000 after buying an additional 2,836 shares during the last quarter. Hedge funds and other institutional investors own 72.53% 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.

Analyst Recommendations for Yum! Brands (NYSE:YUM)

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