Fintel reports that on June 13, 2024, Goldman Sachs initiated coverage of Yum! Brands (NYSE:YUM) with a Neutral recommendation.
Analyst Price Forecast Suggests 7.94% Upside
As of June 12, 2024, the average one-year price target for Yum! Brands is 148.97. The forecasts range from a low of 128.27 to a high of $169.05. The average price target represents an increase of 7.94% from its latest reported closing price of 138.01.
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The projected annual revenue for Yum! Brands is 7,733MM, an increase of 10.02%. The projected annual non-GAAP EPS is 5.89.
What is the Fund Sentiment?
There are 2,030 funds or institutions reporting positions in Yum! Brands. This is an decrease of 6 owner(s) or 0.29% in the last quarter. Average portfolio weight of all funds dedicated to YUM is 0.20%, an increase of 7.82%. Total shares owned by institutions increased in the last three months by 2.19% to 286,655K shares. 
The put/call ratio of YUM is 0.63, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 18,122K shares representing 6.43% ownership of the company. In its prior filing, the firm reported owning 14,651K shares , representing an increase of 19.15%. The firm increased its portfolio allocation in YUM by 22.14% over the last quarter.
Jpmorgan Chase holds 15,556K shares representing 5.52% ownership of the company. In its prior filing, the firm reported owning 13,633K shares , representing an increase of 12.36%. The firm decreased its portfolio allocation in YUM by 88.13% over the last quarter.
Capital International Investors holds 14,669K shares representing 5.21% ownership of the company. In its prior filing, the firm reported owning 13,307K shares , representing an increase of 9.29%. The firm increased its portfolio allocation in YUM by 5.66% over the last quarter.
T. Rowe Price Investment Management holds 13,223K shares representing 4.70% ownership of the company. In its prior filing, the firm reported owning 15,939K shares , representing a decrease of 20.54%. The firm decreased its portfolio allocation in YUM by 17.17% over the last quarter.
AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 13,106K shares representing 4.65% ownership of the company. In its prior filing, the firm reported owning 12,865K shares , representing an increase of 1.84%. The firm decreased its portfolio allocation in YUM by 2.80% over the last quarter.
Yum Brands Background Information
(This description is provided by the company.)
Yum! Brands, Inc., based in Louisville, Kentucky, has over 50,000 restaurants in more than 150 countries and territories primarily operating the Company's KFC, Pizza Hut, and Taco Bell brands - global leaders of the chicken, pizza, and Mexican-style food categories. The Company's family of brands also includes The Habit Burger Grill, a fast-casual restaurant concept specializing in made-to-order chargrilled burgers, sandwiches and more. In 2019, Yum! Brands was named to the Dow Jones Sustainability North America Index and in 2020, the company ranked among the top 100 Best Corporate Citizens by 3BL Media.
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