Yum Brands Inc. (NYSE:YUM) released its quarterly earnings data on Wednesday. The restaurant operator reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. The business had revenue of $3.32 billion for the quarter. Yum Brands had a net margin of 12.62% and a return on equity of 511.71%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 earnings per share.
Yum Brands (NYSE:YUM) opened at 87.44 on Friday. Yum Brands has a one year low of $64.58 and a one year high of $91.99. The stock has a 50 day moving average of $89.57 and a 200 day moving average of $85.20. The company has a market cap of $34.09 billion, a PE ratio of 26.35 and a beta of 0.76.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be issued a $0.51 dividend. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, October 17th. This represents a $2.04 annualized dividend and a dividend yield of 2.33%. Yum Brands’s dividend payout ratio (DPR) is currently 46.82%.
Several equities research analysts have commented on YUM shares. BTIG Research reaffirmed a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a $70.00 price objective on shares of Yum Brands in a report on Wednesday. Wells Fargo & Co. reaffirmed a “market perform” rating and set a $83.00 price objective on shares of Yum Brands in a report on Monday, July 11th. Cowen and Company reissued a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Finally, Credit Agricole SA reissued an “underperform” rating and issued a $82.00 price target on shares of Yum Brands in a report on Thursday, July 14th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $91.61.
In related news, CEO Roger G. Eaton sold 53,518 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $91.72, for a total value of $4,908,670.96. Following the transaction, the chief executive officer now directly owns 245,736 shares of the company’s stock, valued at approximately $22,538,905.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Tracy L. Skeans sold 1,793 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $90.02, for a total value of $161,405.86. The disclosure for this sale can be found here. 7.38% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of YUM. Virginia Retirement System purchased a new stake in shares of Yum Brands during the first quarter valued at about $572,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Yum Brands by 0.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 58,495 shares of the restaurant operator’s stock valued at $4,788,000 after buying an additional 150 shares during the period. Franklin Resources Inc. boosted its stake in shares of Yum Brands by 3.1% in the first quarter. Franklin Resources Inc. now owns 1,442,354 shares of the restaurant operator’s stock valued at $118,057,000 after buying an additional 43,486 shares during the period. BlackRock Group LTD boosted its stake 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. Finally, Tobam boosted its stake 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. 76.14% of the stock is currently owned by institutional investors.
About Yum Brands
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.
Receive News & Ratings for Yum Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.