Yum! Brands (NYSE:YUM) Issues Quarterly Earnings Results

Yum! Brands (NYSE:YUMGet Free Report) posted its quarterly earnings results on Wednesday. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.13), RTT News reports. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.11 billion. Yum! Brands had a negative return on equity of 17.45% and a net margin of 21.32%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 earnings per share.

Yum! Brands Stock Up 1.8 %

Shares of Yum! Brands stock opened at $129.62 on Thursday. The business has a fifty day simple moving average of $128.99 and a 200 day simple moving average of $127.76. The stock has a market cap of $36.33 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.81 and a beta of 1.09. Yum! Brands has a 12 month low of $115.53 and a 12 month high of $143.24.

Yum! Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Wednesday, February 21st will be given a $0.67 dividend. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.61. This represents a $2.68 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, February 20th. Yum! Brands’s dividend payout ratio (DPR) is currently 46.01%.

Insider Buying and Selling at Yum! Brands

In related news, CEO David W. Gibbs sold 3,792 shares of Yum! Brands stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $130.17, for a total transaction of $493,604.64. Following the transaction, the chief executive officer now owns 57,325 shares of the company’s stock, valued at approximately $7,461,995.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Yum! Brands news, CEO David W. Gibbs sold 3,792 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $130.17, for a total value of $493,604.64. Following the completion of the transaction, the chief executive officer now directly owns 57,325 shares of the company’s stock, valued at $7,461,995.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David W. Gibbs sold 3,756 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $129.21, for a total value of $485,312.76. Following the sale, the chief executive officer now directly owns 57,325 shares in the company, valued at approximately $7,406,963.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,275 shares of company stock valued at $1,455,862. 0.31% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Yum! Brands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of Yum! Brands by 1.5% during the 1st quarter. Geode Capital Management LLC now owns 5,947,399 shares of the restaurant operator’s stock worth $784,673,000 after acquiring an additional 90,152 shares in the last quarter. Capital World Investors boosted its holdings in Yum! Brands by 19.6% during the first quarter. Capital World Investors now owns 5,507,237 shares of the restaurant operator’s stock worth $652,773,000 after purchasing an additional 901,181 shares during the last quarter. Capital International Investors increased its stake in Yum! Brands by 1.6% in the 1st quarter. Capital International Investors now owns 4,365,517 shares of the restaurant operator’s stock valued at $517,792,000 after buying an additional 67,468 shares during the last quarter. Morgan Stanley lifted its position in Yum! Brands by 27.3% during the 4th quarter. Morgan Stanley now owns 3,257,809 shares of the restaurant operator’s stock worth $417,260,000 after buying an additional 698,493 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Yum! Brands during the 4th quarter worth about $315,239,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

YUM has been the subject of several recent research reports. Royal Bank of Canada upped their price target on Yum! Brands from $136.00 to $139.00 and gave the company a “sector perform” rating in a report on Thursday, November 2nd. Redburn Atlantic reissued a “neutral” rating and issued a $115.00 target price on shares of Yum! Brands in a report on Friday, October 20th. Citigroup raised their price target on Yum! Brands from $155.00 to $164.00 and gave the company a “buy” rating in a report on Monday, January 29th. Oppenheimer raised Yum! Brands from a “market perform” rating to an “outperform” rating and set a $154.00 price objective on the stock in a research note on Friday, January 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Yum! Brands in a research note on Thursday, October 19th. They issued a “hold” rating and a $131.00 target price for the company. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $145.71.

Read Our Latest Report on YUM

About Yum! Brands

(Get Free Report)

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. It operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.

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Earnings History for Yum! Brands (NYSE:YUM)

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