Yum Brands Inc. (YUM) to Post FY2016 Earnings of $2.29 Per Share, Oppenheimer Holdings Forecasts
Yum Brands Inc. (NYSE:YUM) – Equities research analysts at Oppenheimer Holdings issued their FY2016 earnings per share estimates for shares of Yum Brands in a research report issued on Thursday. Oppenheimer Holdings analyst B. Bittner anticipates that the brokerage will post earnings per share of $2.29 for the year. Oppenheimer Holdings has a “Outperform” rating and a $97.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Yum Brands’ FY2017 earnings at $2.86 EPS.
A number of other equities analysts have also weighed in on the company. BTIG Research restated a “hold” rating on shares of Yum Brands in a research note on Sunday, September 4th. Goldman Sachs Group Inc. restated a “sell” rating and issued a $70.00 target price on shares of Yum Brands in a research note on Wednesday, October 5th. Vetr upgraded Yum Brands from a “buy” rating to a “strong-buy” rating and set a $95.43 target price on the stock in a research note on Tuesday, November 1st. Jefferies Group restated a “hold” rating and issued a $85.00 target price on shares of Yum Brands in a research note on Friday, October 7th. Finally, Robert W. Baird set a $95.00 target price on Yum Brands and gave the stock a “hold” rating in a research note on Wednesday, October 12th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $91.72.
Yum Brands (NYSE:YUM) opened at 60.70 on Monday. The company has a market capitalization of $22.28 billion, a P/E ratio of 15.62 and a beta of 0.78. Yum Brands has a 12 month low of $46.43 and a 12 month high of $66.13. The stock’s 50 day moving average price is $62.74 and its 200-day moving average price is $61.88.
Yum Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ 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 period last year, the business earned $1.00 EPS. Yum Brands’s revenue was down 3.2% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Investors of record on Wednesday, October 19th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Monday, October 17th. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. Yum Brands’s dividend payout ratio (DPR) is 51.91%.
In other Yum Brands news, CEO Roger G. Eaton sold 53,518 shares of the stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $91.72, for a total transaction of $4,908,670.96. Following the sale, the chief executive officer now directly owns 245,736 shares in the company, valued at approximately $22,538,905.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David W. Gibbs sold 14,487 shares of the stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $89.92, for a total value of $1,302,671.04. Following the sale, the chief financial officer now owns 48,261 shares in the company, valued at $4,339,629.12. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Hudock Capital Group LLC increased its stake in shares of 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 shares of 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. BKS Advisors LLC acquired a new stake in shares of Yum Brands during the third quarter valued at approximately $117,000. Tortoise Investment Management LLC increased its stake in shares of 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. Finally, TLP Group LLC acquired a new stake in shares of Yum Brands during the third quarter valued at approximately $128,000. Institutional investors and hedge funds own 79.28% of the company’s stock.
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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