Yum! Brands, Inc. (NYSE:YUM) – Analysts at Jefferies Group increased their FY2017 earnings estimates for Yum! Brands in a research note issued on Wednesday. Jefferies Group analyst A. Barish now anticipates that the restaurant operator will post earnings per share of $2.79 for the year, up from their prior forecast of $2.73. Jefferies Group has a “Hold” rating and a $66.00 price objective on the stock.
A number of other equities research analysts also recently weighed in on YUM. Sanford C. Bernstein reissued an “outperform” rating and set a $76.00 price target on shares of Yum! Brands in a research note on Saturday, January 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $72.00 target price on shares of Yum! Brands in a research note on Wednesday, February 1st. Robert W. Baird reaffirmed a “neutral” rating and issued a $65.00 target price on shares of Yum! Brands in a research note on Tuesday, February 7th. Longbow Research downgraded shares of Yum! Brands from a “buy” rating to a “neutral” rating in a research note on Friday, February 10th. Finally, Stifel Nicolaus upped their target price on shares of Yum! Brands from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, February 10th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Yum! Brands presently has a consensus rating of “Hold” and a consensus price target of $78.16.
Shares of Yum! Brands (NYSE:YUM) traded up 0.28% during mid-day trading on Monday, hitting $68.95. The stock had a trading volume of 120,165 shares. The firm has a 50 day moving average price of $64.95 and a 200 day moving average price of $64.28. Yum! Brands has a 52-week low of $59.57 and a 52-week high of $69.43. The firm has a market cap of $24.13 billion, a PE ratio of 17.36 and a beta of 0.76.
Yum! Brands (NYSE:YUM) last issued its earnings results on Wednesday, May 3rd. The restaurant operator reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. Yum! Brands had a negative return on equity of 75.96% and a net margin of 14.76%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The company’s revenue was down 1.8% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 5th. Stockholders of record on Friday, April 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Tuesday, April 11th. Yum! Brands’s payout ratio is presently 29.93%.
In other news, CEO Brian R. Niccol sold 11,938 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $68.17, for a total value of $813,813.46. Following the transaction, the chief executive officer now directly owns 36,910 shares of the company’s stock, valued at $2,516,154.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David W. Gibbs sold 7,986 shares of the stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $68.33, for a total transaction of $545,683.38. Following the completion of the transaction, the chief financial officer now directly owns 39,098 shares in the company, valued at $2,671,566.34. The disclosure for this sale can be found here. 7.38% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in shares of Yum! Brands by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 7,100,759 shares of the restaurant operator’s stock valued at $453,737,000 after buying an additional 755,288 shares during the last quarter. Loomis Sayles & Co. L P raised its position in Yum! Brands by 5.4% in the fourth quarter. Loomis Sayles & Co. L P now owns 6,361,889 shares of the restaurant operator’s stock worth $402,899,000 after buying an additional 323,309 shares in the last quarter. FMR LLC raised its position in Yum! Brands by 6.2% in the fourth quarter. FMR LLC now owns 3,910,042 shares of the restaurant operator’s stock worth $247,623,000 after buying an additional 228,283 shares in the last quarter. Norges Bank acquired a new position in Yum! Brands during the fourth quarter worth approximately $244,932,000. Finally, Coronation Fund Managers Ltd. raised its position in Yum! Brands by 11.1% in the first quarter. Coronation Fund Managers Ltd. now owns 1,998,849 shares of the restaurant operator’s stock worth $127,727,000 after buying an additional 199,984 shares in the last quarter. 73.31% of the stock is currently owned by institutional investors.
Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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