Robert W. Baird Cuts Yum! Brands (NYSE:YUM) Price Target to $174.00

Yum! Brands (NYSE:YUM) had its target price cut by equities researchers at Robert W. Baird from $176.00 to $174.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s price objective would suggest a potential upside of 17.95% from the company’s current price.

A number of other research firms also recently commented on YUM. JPMorgan Chase & Co. boosted their target price on Yum! Brands from $138.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Piper Sandler raised their target price on shares of Yum! Brands from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday. UBS Group upped their price target on shares of Yum! Brands from $156.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Argus raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Tuesday, December 31st. Finally, Wells Fargo & Company upped their target price on shares of Yum! Brands from $145.00 to $160.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Yum! Brands has a consensus rating of “Hold” and a consensus target price of $151.60.

Yum! Brands Stock Performance

Shares of NYSE YUM opened at $147.52 on Monday. The company has a market cap of $41.17 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.31 and a beta of 0.90. Yum! Brands has a 52-week low of $122.13 and a 52-week high of $163.30. The firm’s fifty day moving average is $150.15 and its two-hundred day moving average is $139.52.

Insider Buying and Selling at Yum! Brands

In other Yum! Brands news, VP David Eric Russell sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $158.66, for a total value of $793,300.00. Following the completion of the sale, the vice president now directly owns 11,960 shares in the company, valued at $1,897,573.60. This trade represents a 29.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Gibbs sold 30,604 shares of Yum! Brands stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $159.46, for a total transaction of $4,880,113.84. Following the completion of the transaction, the chief executive officer now directly owns 160,296 shares in the company, valued at $25,560,800.16. This represents a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,132 shares of company stock worth $7,952,685 over the last quarter. Insiders own 0.31% of the company’s stock.

Institutional Trading of Yum! Brands

A number of institutional investors have recently made changes to their positions in the business. HBK Sorce Advisory LLC boosted its position in Yum! Brands by 2.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,664 shares of the restaurant operator’s stock worth $357,000 after acquiring an additional 69 shares during the last quarter. OLD Point Trust & Financial Services N A grew its position in shares of Yum! Brands by 0.5% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 15,357 shares of the restaurant operator’s stock valued at $2,060,000 after purchasing an additional 70 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Yum! Brands by 1.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 6,605 shares of the restaurant operator’s stock valued at $886,000 after purchasing an additional 71 shares during the last quarter. Investment Partners LTD. boosted its stake in Yum! Brands by 2.3% during the fourth quarter. Investment Partners LTD. now owns 3,231 shares of the restaurant operator’s stock worth $433,000 after buying an additional 72 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in Yum! Brands by 5.0% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,575 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

About Yum! Brands

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.