Yum Brands Inc. to Post Q3 2016 Earnings of $1.11 Per Share, Oppenheimer Holdings Forecasts (YUM)
Yum Brands Inc. (NYSE:YUM) – Equities research analysts at Oppenheimer Holdings raised their Q3 2016 earnings per share (EPS) estimates for Yum Brands in a report issued on Thursday. Oppenheimer Holdings analyst B. Bittner now forecasts that the firm will earn $1.11 per share for the quarter, up from their previous forecast of $1.10. Oppenheimer Holdings has a “Outperform” rating and a $93.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Yum Brands’ Q4 2016 earnings at $0.87 EPS, FY2016 earnings at $3.68 EPS and FY2017 earnings at $4.24 EPS.
YUM has been the subject of a number of other reports. Citigroup Inc. raised their price objective on shares of Yum Brands from $88.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, September 9th. Zacks Investment Research downgraded shares of Yum Brands from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Morgan Stanley raised their price objective on shares of Yum Brands from $86.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday. Nomura reissued a “buy” rating and issued a $95.00 price objective (up previously from $92.00) on shares of Yum Brands in a report on Wednesday, June 22nd. Finally, Vetr raised shares of Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price objective on the stock in a report on Monday, September 26th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $90.86.
Yum Brands (NYSE:YUM) opened at 90.81 on Friday. The stock’s 50 day moving average is $89.64 and its 200-day moving average is $84.89. Yum Brands has a 1-year low of $64.58 and a 1-year high of $91.99. The firm has a market capitalization of $35.41 billion, a P/E ratio of 27.37 and a beta of 0.81.
Yum Brands (NYSE:YUM) last issued its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. The company earned $3.01 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Yum Brands had a net margin of 10.97% and a return on equity of 213.02%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
A number of large investors have recently made changes to their positions in YUM. Advisory Services Network LLC raised its position in Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 109 shares in the last quarter. Tortoise Investment Management LLC raised its position in Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 125 shares in the last quarter. Zions Bancorporation raised its position in Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 220 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in Yum Brands during the second quarter valued at approximately $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in Yum Brands by 637.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,652 shares of the restaurant operator’s stock valued at $137,000 after buying an additional 1,428 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.
In related news, CEO Roger G. Eaton sold 53,518 shares of Yum Brands stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $91.72, for a total value of $4,908,670.96. Following the sale, the chief executive officer now owns 245,736 shares of the company’s stock, valued at approximately $22,538,905.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Muktesh Pant sold 91,228 shares of Yum Brands stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $89.94, for a total transaction of $8,205,046.32. Following the completion of the sale, the chief executive officer now directly owns 62,660 shares in the company, valued at approximately $5,635,640.40. The disclosure for this sale can be found here. Company insiders own 7.38% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be given a $0.51 dividend. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Monday, October 17th. Yum Brands’s dividend payout ratio (DPR) is presently 55.42%.
Yum Brands Company Profile
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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