Yum! Brands (NYSE:YUM) issued its earnings results on Thursday. The restaurant operator reported $0.82 EPS for the quarter, topping the consensus estimate of $0.52 by $0.30, MarketWatch Earnings reports. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The business’s revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS.
Shares of YUM traded down $0.59 during midday trading on Friday, reaching $91.05. The stock had a trading volume of 1,914,996 shares, compared to its average volume of 1,736,788. Yum! Brands has a 52 week low of $54.95 and a 52 week high of $119.72. The firm’s 50 day moving average price is $89.28 and its 200-day moving average price is $89.05. The company has a market capitalization of $27.58 billion, a P/E ratio of 27.34, a P/E/G ratio of 2.59 and a beta of 0.95.
In other news, CEO David W. Gibbs sold 2,251 shares of the business’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $87.68, for a total value of $197,367.68. Following the sale, the chief executive officer now owns 76,048 shares of the company’s stock, valued at approximately $6,667,888.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David W. Gibbs sold 2,318 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $91.28, for a total value of $211,587.04. Following the completion of the sale, the chief executive officer now directly owns 76,048 shares in the company, valued at approximately $6,941,661.44. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.
YUM has been the subject of several research reports. Deutsche Bank reiterated a “hold” rating and issued a $80.00 target price (up previously from $79.00) on shares of Yum! Brands in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their price target on Yum! Brands from $91.00 to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. UBS Group raised their price target on Yum! Brands from $105.00 to $108.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Oppenheimer reissued a “buy” rating and issued a $103.00 price target on shares of Yum! Brands in a report on Wednesday, June 10th. Finally, Cfra cut their price target on Yum! Brands from $110.00 to $94.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. Seventeen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $101.55.
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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