Yum! Brands, Inc. (YUM) to Post Q4 2018 Earnings of $0.97 Per Share, Oppenheimer Forecasts
Yum! Brands, Inc. (NYSE:YUM) – Stock analysts at Oppenheimer upped their Q4 2018 earnings per share (EPS) estimates for Yum! Brands in a research note issued on Wednesday, January 9th. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $0.97 for the quarter, up from their prior forecast of $0.96. Oppenheimer also issued estimates for Yum! Brands’ Q4 2019 earnings at $1.23 EPS.
Several other brokerages have also issued reports on YUM. Cowen reissued a “buy” rating and issued a $100.00 target price on shares of Yum! Brands in a research report on Sunday, December 2nd. Zacks Investment Research downgraded Yum! Brands from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. Goldman Sachs Group downgraded Yum! Brands from a “neutral” rating to a “sell” rating and cut their price target for the stock from $83.00 to $76.00 in a research note on Friday. BTIG Research upped their price target on Yum! Brands from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Finally, Gordon Haskett assumed coverage on Yum! Brands in a research note on Thursday, October 18th. They issued a “hold” rating and a $90.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $90.41.
Yum! Brands (NYSE:YUM) last announced its earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.21. Yum! Brands had a negative return on equity of 17.89% and a net margin of 28.81%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The business’s revenue was down 3.1% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Cullinan Associates Inc. boosted its stake in Yum! Brands by 1.7% during the 4th quarter. Cullinan Associates Inc. now owns 97,790 shares of the restaurant operator’s stock valued at $8,989,000 after purchasing an additional 1,610 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Yum! Brands in the 4th quarter worth $256,000. CENTRAL TRUST Co boosted its stake in shares of Yum! Brands by 0.9% in the 4th quarter. CENTRAL TRUST Co now owns 26,707 shares of the restaurant operator’s stock worth $2,455,000 after buying an additional 235 shares during the last quarter. Moody National Bank Trust Division boosted its stake in shares of Yum! Brands by 1.6% in the 4th quarter. Moody National Bank Trust Division now owns 16,260 shares of the restaurant operator’s stock worth $1,494,000 after buying an additional 260 shares during the last quarter. Finally, Park National Corp OH boosted its stake in shares of Yum! Brands by 3.3% in the 4th quarter. Park National Corp OH now owns 4,677 shares of the restaurant operator’s stock worth $430,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 70.78% of the company’s stock.
In other Yum! Brands news, CFO David W. Gibbs sold 6,366 shares of the stock in a transaction on Monday, October 15th. The stock was sold at an average price of $87.87, for a total transaction of $559,380.42. Following the sale, the chief financial officer now directly owns 47,764 shares in the company, valued at approximately $4,197,022.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David W. Gibbs sold 6,391 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $88.22, for a total value of $563,814.02. Following the sale, the chief financial officer now owns 39,380 shares in the company, valued at $3,474,103.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,771 shares of company stock worth $5,836,523. Company insiders own 0.63% of the company’s stock.
About Yum! Brands
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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