JPMorgan Chase & Co. Increases Yum! Brands (NYSE:YUM) Price Target to $140.00

Yum! Brands (NYSE:YUMFree Report) had its price target raised by JPMorgan Chase & Co. from $132.00 to $140.00 in a report issued on Monday morning, Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Other research analysts have also recently issued reports about the company. Barclays upped their price objective on Yum! Brands from $144.00 to $148.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. Argus reissued a hold rating on shares of Yum! Brands in a research report on Wednesday, April 10th. Citigroup reduced their price target on Yum! Brands from $166.00 to $162.00 and set a buy rating for the company in a research report on Tuesday, April 23rd. TD Cowen reissued a buy rating and set a $156.00 price target on shares of Yum! Brands in a research report on Tuesday, May 28th. Finally, Royal Bank of Canada reduced their price target 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. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Yum! Brands presently has an average rating of Hold and an average target price of $143.80.

Read Our Latest Analysis on YUM

Yum! Brands Price Performance

Shares of Yum! Brands stock opened at $140.54 on Monday. The company has a market capitalization of $39.58 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08. The business has a 50-day moving average of $138.29 and a two-hundred day moving average of $134.00. Yum! Brands has a 1 year low of $115.53 and a 1 year high of $143.20.

Yum! Brands (NYSE:YUMGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.05). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.06 earnings per share. On average, equities analysts anticipate that Yum! Brands will post 5.64 EPS for the current fiscal year.

Yum! Brands declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 15th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the restaurant operator to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Yum! Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Tuesday, May 28th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, May 24th. Yum! Brands’s dividend payout ratio (DPR) is presently 47.52%.

Insider Transactions at Yum! Brands

In other news, CEO David W. Gibbs sold 7,078 shares of Yum! Brands stock in a transaction on Monday, April 15th. The stock was sold at an average price of $138.37, for a total value of $979,382.86. Following the transaction, the chief executive officer now owns 172,128 shares in the company, valued at approximately $23,817,351.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO David W. Gibbs sold 7,073 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $137.14, for a total value of $969,991.22. Following the completion of the transaction, the chief executive officer now owns 168,879 shares of the company’s stock, valued at approximately $23,160,066.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David W. Gibbs sold 7,078 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $138.37, for a total transaction of $979,382.86. Following the transaction, the chief executive officer now owns 172,128 shares of the company’s stock, valued at $23,817,351.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,521 shares of company stock valued at $4,620,263. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Global Retirement Partners LLC lifted its stake in shares of Yum! Brands by 14.1% in the 4th quarter. Global Retirement Partners LLC now owns 631 shares of the restaurant operator’s stock valued at $82,000 after acquiring an additional 78 shares during the last quarter. Calamos Wealth Management LLC raised its position in Yum! Brands by 5.0% during the 4th quarter. Calamos Wealth Management LLC now owns 1,692 shares of the restaurant operator’s stock worth $221,000 after purchasing an additional 80 shares during the last quarter. Perigon Wealth Management LLC raised its position in Yum! Brands by 1.0% during the 4th quarter. Perigon Wealth Management LLC now owns 8,003 shares of the restaurant operator’s stock worth $1,046,000 after purchasing an additional 81 shares during the last quarter. Choreo LLC raised its position in Yum! Brands by 1.6% during the 1st quarter. Choreo LLC now owns 5,312 shares of the restaurant operator’s stock worth $737,000 after purchasing an additional 82 shares during the last quarter. Finally, Claro Advisors LLC raised its position in Yum! Brands by 0.9% during the 4th quarter. Claro Advisors LLC now owns 8,847 shares of the restaurant operator’s stock worth $1,156,000 after purchasing an additional 83 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors.

About Yum! Brands

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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.

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Analyst Recommendations for Yum! Brands (NYSE:YUM)

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