Yum! Brands (NYSE:YUM) Price Target Raised to $160.00

Yum! Brands (NYSE:YUM) had its price target raised by research analysts at Wells Fargo & Company from $145.00 to $160.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 0.96% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Robert W. Baird lifted their price objective on Yum! Brands from $160.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday. TD Securities upped their price target on Yum! Brands from $151.00 to $164.00 and gave the stock a “hold” rating in a report on Wednesday. Loop Capital dropped their price target on Yum! Brands from $143.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. UBS Group increased their price objective 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. Finally, TD Cowen reiterated a “hold” rating and issued a $140.00 price target on shares of Yum! Brands in a research report on Thursday, February 6th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Yum! Brands has an average rating of “Hold” and a consensus target price of $150.65.

Yum! Brands Price Performance

Shares of YUM stock traded up $0.06 during mid-day trading on Wednesday, hitting $158.47. The stock had a trading volume of 259,526 shares, compared to its average volume of 2,194,748. The firm has a market cap of $44.23 billion, a PE ratio of 30.36, a PEG ratio of 2.31 and a beta of 1.10. The company’s 50-day simple moving average is $137.32 and its 200-day simple moving average is $135.88. Yum! Brands has a fifty-two week low of $122.13 and a fifty-two week high of $161.28.

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 3,815 shares of the company’s 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 directly owns 149,385 shares in the company, valued at approximately $20,474,708.10. This represents a 2.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Yum! Brands

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Yum! Brands in the 4th quarter valued at about $418,692,000. Northern Trust Corp increased its position in Yum! Brands by 20.4% in the fourth quarter. Northern Trust Corp now owns 3,545,872 shares of the restaurant operator’s stock worth $475,714,000 after buying an additional 601,361 shares during the period. Cantillon Capital Management LLC grew its holdings in Yum! Brands by 31.7% in the 4th quarter. Cantillon Capital Management LLC now owns 1,880,379 shares of the restaurant operator’s stock worth $252,272,000 after buying an additional 452,339 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Yum! Brands in the fourth quarter worth $59,289,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Yum! Brands during the fourth quarter valued at about $43,944,000. 82.37% of the stock is owned by institutional investors and hedge funds.

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.