Yum Brands Inc. (NYSE:YUM) – Equities research analysts at Oppenheimer Holdings increased their Q3 2016 earnings estimates for Yum Brands in a research report issued to clients and investors on Thursday. Oppenheimer Holdings analyst B. Bittner now anticipates that the brokerage 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 target 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.
Several other brokerages also recently weighed in on YUM. BTIG Research reaffirmed a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $92.00 target price on shares of Yum Brands in a report on Wednesday, September 7th. Vetr raised shares of Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 target price for the company in a report on Monday, September 26th. Royal Bank Of Canada downgraded shares of Yum Brands from a “top pick” rating to an “outperform” rating and set a $97.00 target price for the company. in a report on Friday, September 23rd. Finally, RBC Capital Markets downgraded shares of Yum Brands from a “top pick” rating to an “outperform” rating and set a $97.00 target price for the company. in a report on Friday, September 23rd. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $90.86.
Shares of Yum Brands (NYSE:YUM) opened at 90.81 on Friday. The company has a market capitalization of $35.41 billion, a PE ratio of 27.37 and a beta of 0.81. The company has a 50 day moving average price of $89.64 and a 200 day moving average price of $84.89. Yum Brands has a 1-year low of $64.58 and a 1-year high of $91.99.
Yum Brands (NYSE:YUM) last posted its earnings results on Wednesday, July 13th. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Yum Brands had a return on equity of 213.02% and a net margin of 10.97%. Yum Brands’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be paid a dividend of $0.51 per share. This is an increase 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 of this dividend is Monday, October 17th. Yum Brands’s payout ratio is presently 55.42%.
In related news, CEO Roger G. Eaton sold 44,952 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $88.53, for a total transaction of $3,979,600.56. Following the completion of the transaction, the chief executive officer now owns 244,274 shares of the company’s stock, valued at $21,625,577.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Muktesh Pant sold 91,228 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $89.94, for a total transaction of $8,205,046.32. Following the transaction, the chief executive officer now directly owns 62,660 shares of the company’s stock, valued at approximately $5,635,640.40. The disclosure for this sale can be found here. Insiders own 7.38% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. NN Investment Partners Holdings N.V. acquired a new position in shares of Yum Brands during the first quarter valued at about $10,634,000. Tobam boosted its position in shares of Yum Brands by 25.1% in the first quarter. Tobam now owns 132,985 shares of the restaurant operator’s stock valued at $10,885,000 after buying an additional 26,692 shares during the period. Bristlecone Advisors LLC acquired a new position in shares of Yum Brands during the first quarter valued at about $362,000. BlackRock Japan Co. Ltd boosted its position in shares of Yum Brands by 0.6% in the first quarter. BlackRock Japan Co. Ltd now owns 533,777 shares of the restaurant operator’s stock valued at $43,690,000 after buying an additional 3,374 shares during the period. Finally, BlackRock Group LTD boosted its position in shares of Yum Brands by 0.4% in the first quarter. BlackRock Group LTD now owns 3,169,815 shares of the restaurant operator’s stock valued at $259,449,000 after buying an additional 11,248 shares during the period. 76.14% of the stock is owned by hedge funds and other institutional investors.
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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