Analysts Set Expectations for Yum Brands Inc.’s Q1 2017 Earnings (YUM)
Yum Brands Inc. (NYSE:YUM) – Analysts at Oppenheimer Holdings issued their Q1 2017 earnings per share (EPS) estimates for shares of Yum Brands in a research note issued to investors on Thursday. Oppenheimer Holdings analyst B. Bittner forecasts that the firm will post earnings per share of $0.66 for the quarter. Oppenheimer Holdings currently has a “Outperform” rating and a $97.00 price target on the stock. Oppenheimer Holdings also issued estimates for Yum Brands’ Q2 2017 earnings at $0.64 EPS, Q3 2017 earnings at $0.72 EPS, Q4 2017 earnings at $0.85 EPS, FY2018 earnings at $3.29 EPS and FY2019 earnings at $3.76 EPS.
Yum Brands (NYSE:YUM) last released its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by $0.01. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The company had revenue of $3.32 billion for the quarter. During the same quarter in the previous year, the firm earned $1.00 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year.
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. restated a “buy” rating on shares of Yum Brands in a research note on Sunday, July 17th. Royal Bank Of Canada restated a “buy” rating on shares of Yum Brands in a research note on Sunday, July 17th. Cowen and Company reiterated a “buy” rating on shares of Yum Brands in a research note on Sunday, July 17th. Vetr upgraded Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price target for the company in a research note on Monday, September 26th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $83.00 price target on shares of Yum Brands in a research note on Friday, July 15th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $91.72.
Shares of Yum Brands (NYSE:YUM) opened at 60.70 on Friday. The company’s 50-day moving average price is $62.74 and its 200 day moving average price is $61.88. Yum Brands has a 12-month low of $46.43 and a 12-month high of $66.13. The company has a market cap of $22.28 billion, a price-to-earnings ratio of 15.62 and a beta of 0.78.
A number of hedge funds and other institutional investors have recently made changes to their positions in YUM. Hudock Capital Group LLC increased its stake in Yum Brands by 0.3% in the third quarter. Hudock Capital Group LLC now owns 1,112 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 3 shares in the last quarter. Advisory Services Network LLC increased its stake 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 increased its stake 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. BKS Advisors LLC acquired a new stake in Yum Brands during the third quarter valued at $117,000. Finally, Zions Bancorporation increased its stake 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. Institutional investors own 81.01% of the company’s stock.
In related news, CEO Roger G. Eaton sold 53,518 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 245,736 shares in the company, valued at $22,538,905.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David W. Gibbs sold 14,487 shares of the company’s stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $89.92, for a total transaction of $1,302,671.04. Following the completion of the transaction, the chief financial officer now owns 48,261 shares of the company’s stock, valued at $4,339,629.12. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by corporate insiders.
The business also recently announced a quarterly dividend, which was paid on Friday, November 4th. Investors of record on Wednesday, October 19th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, October 17th. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 3.36%. Yum Brands’s payout ratio is 51.91%.
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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