Wall Street brokerages forecast that Yum! Brands, Inc. (NYSE:YUM) will post sales of $1.28 billion for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Yum! Brands’ earnings, with the lowest sales estimate coming in at $1.26 billion and the highest estimate coming in at $1.29 billion. Yum! Brands posted sales of $1.37 billion during the same quarter last year, which would indicate a negative year over year growth rate of 6.6%. The business is expected to announce its next earnings report on Thursday, August 1st.
On average, analysts expect that Yum! Brands will report full-year sales of $5.54 billion for the current financial year, with estimates ranging from $5.48 billion to $5.60 billion. For the next year, analysts anticipate that the company will report sales of $5.80 billion, with estimates ranging from $5.73 billion to $5.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Yum! Brands.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Yum! Brands had a net margin of 24.61% and a negative return on equity of 13.06%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share.
YUM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research report on Tuesday, March 26th. Citigroup upped their price objective on shares of Yum! Brands from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Credit Suisse Group initiated coverage on shares of Yum! Brands in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $106.00 target price for the company. Robert W. Baird reiterated an “outperform” rating and issued a $112.00 target price on shares of Yum! Brands in a research report on Monday, April 29th. Finally, UBS Group increased their target price on shares of Yum! Brands from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $101.20.
NYSE:YUM opened at $110.24 on Thursday. The business’s fifty day moving average is $106.59. The firm has a market capitalization of $33.73 billion, a PE ratio of 34.78, a PEG ratio of 2.36 and a beta of 0.58. Yum! Brands has a fifty-two week low of $77.68 and a fifty-two week high of $111.32.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 16th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Wednesday, May 15th. Yum! Brands’s dividend payout ratio (DPR) is 53.00%.
In related news, CFO David W. Gibbs sold 1,572 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $109.93, for a total transaction of $172,809.96. Following the completion of the sale, the chief financial officer now directly owns 43,516 shares in the company, valued at $4,783,713.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David W. Gibbs sold 1,537 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $101.49, for a total transaction of $155,990.13. Following the sale, the chief financial officer now owns 43,516 shares of the company’s stock, valued at $4,416,438.84. The disclosure for this sale can be found here. Insiders sold 58,418 shares of company stock valued at $6,183,872 over the last quarter. Company insiders own 0.67% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. OLD Point Trust & Financial Services N A boosted its stake in Yum! Brands by 2.2% during the second quarter. OLD Point Trust & Financial Services N A now owns 29,570 shares of the restaurant operator’s stock worth $3,273,000 after buying an additional 650 shares during the period. LVM Capital Management Ltd. MI purchased a new position in Yum! Brands during the second quarter worth about $222,000. Weaver Consulting Group purchased a new position in Yum! Brands during the first quarter worth about $259,000. FMR LLC boosted its stake in Yum! Brands by 139.0% during the first quarter. FMR LLC now owns 2,658,807 shares of the restaurant operator’s stock worth $265,376,000 after buying an additional 1,546,142 shares during the period. Finally, Horizon Investments LLC boosted its stake in Yum! Brands by 7.7% during the first quarter. Horizon Investments LLC now owns 26,535 shares of the restaurant operator’s stock worth $2,637,000 after buying an additional 1,905 shares during the period. Hedge funds and other institutional investors own 74.85% of the company’s stock.
Yum! Brands Company Profile
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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