Yum! Brands (NYSE:YUM) Rating Lowered to Hold at StockNews.com

Posted by on Apr 27th, 2023

Yum! Brands (NYSE:YUM – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other equities research analysts have also issued reports on the company. Credit Suisse Group increased their price target on Yum! Brands from $135.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, February 9th. Morgan Stanley raised their price target on Yum! Brands from $155.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. JPMorgan Chase & Co. lifted their target price on Yum! Brands from $122.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, January 18th. BMO Capital Markets lifted their target price on Yum! Brands from $137.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, February 9th. Finally, Guggenheim decreased their price target on Yum! Brands from $147.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, March 8th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $146.06.

Yum! Brands Price Performance

Shares of NYSE:YUM opened at $138.01 on Thursday. Yum! Brands has a 1 year low of $103.96 and a 1 year high of $139.00. The business’s 50 day moving average price is $130.50 and its 200-day moving average price is $126.70. The firm has a market capitalization of $38.66 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.00.

Yum! Brands (NYSE:YUM – Get Rating) last issued its earnings results on Wednesday, February 8th. The restaurant operator reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Yum! Brands had a negative return on equity of 15.16% and a net margin of 19.37%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.02 EPS. On average, sell-side analysts expect that Yum! Brands will post 5.09 earnings per share for the current year.

Insider Transactions at Yum! Brands

In other news, COO Tracy L. Skeans sold 3,925 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $130.00, for a total transaction of $510,250.00. Following the completion of the sale, the chief operating officer now directly owns 14,393 shares of the company’s stock, valued at $1,871,090. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Tracy L. Skeans sold 3,925 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $130.00, for a total transaction of $510,250.00. Following the sale, the chief operating officer now owns 14,393 shares of the company’s stock, valued at approximately $1,871,090. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Tracy L. Skeans sold 3,680 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $136.00, for a total transaction of $500,480.00. Following the completion of the transaction, the chief operating officer now directly owns 3,183 shares in the company, valued at approximately $432,888. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,875 shares of company stock worth $3,166,805. Company insiders own 0.37% of the company’s stock.

Institutional Trading of Yum! Brands

A number of large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in Yum! Brands during the fourth quarter valued at approximately $315,239,000. Moneta Group Investment Advisors LLC increased its position in Yum! Brands by 75,766.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,640,982 shares of the restaurant operator’s stock valued at $210,177,000 after acquiring an additional 1,638,819 shares during the last quarter. BlackRock Inc. increased its position in Yum! Brands by 6.6% during the third quarter. BlackRock Inc. now owns 20,766,507 shares of the restaurant operator’s stock valued at $2,208,310,000 after acquiring an additional 1,278,710 shares during the last quarter. Two Sigma Investments LP bought a new position in Yum! Brands during the fourth quarter valued at $152,040,000. Finally, Capital World Investors boosted its stake in shares of Yum! Brands by 19.6% during the first quarter. Capital World Investors now owns 5,507,237 shares of the restaurant operator’s stock valued at $652,773,000 after purchasing an additional 901,181 shares during the period. 77.54% of the stock is currently owned by institutional investors.

Yum! Brands Company Profile

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Yum! Brands, Inc operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses of a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment consists of all operations of the KFC concept.

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