Yum! Brands, Inc. (NYSE:YUM) – Research analysts at Oppenheimer boosted their Q1 2018 earnings per share estimates for Yum! Brands in a report issued on Thursday. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $0.68 for the quarter, up from their prior estimate of $0.63. Oppenheimer has a “Buy” rating and a $85.00 price target on the stock. Oppenheimer also issued estimates for Yum! Brands’ Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $1.01 EPS, FY2018 earnings at $3.32 EPS and FY2019 earnings at $4.05 EPS.
Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The firm’s revenue was down 5.4% compared to the same quarter last year.
A number of other equities research analysts have also weighed in on the stock. BMO Capital Markets upped their target price on shares of Yum! Brands from $77.00 to $80.00 and gave the stock a “market perform” rating in a report on Friday, November 3rd. Morgan Stanley upped their target price on shares of Yum! Brands from $77.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Cowen restated a “buy” rating and issued a $91.00 target price on shares of Yum! Brands in a report on Friday, November 3rd. Jefferies Group increased their price objective on shares of Yum! Brands from $66.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Finally, Robert W. Baird increased their price objective on shares of Yum! Brands from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Twelve research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $80.95.
Yum! Brands (YUM) traded up $0.83 on Friday, hitting $82.36. 1,971,900 shares of the company were exchanged, compared to its average volume of 2,091,533. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of -1.55. Yum! Brands has a 12 month low of $62.36 and a 12 month high of $84.29. The firm has a market cap of $27,750.00, a price-to-earnings ratio of 48.16, a PEG ratio of 2.00 and a beta of 0.91.
Several institutional investors have recently added to or reduced their stakes in YUM. Acrospire Investment Management LLC bought a new position in Yum! Brands in the 2nd quarter worth approximately $104,000. Valeo Financial Advisors LLC bought a new position in Yum! Brands in the 3rd quarter worth approximately $117,000. Bruderman Asset Management LLC bought a new position in Yum! Brands in the 2nd quarter worth approximately $148,000. Americafirst Capital Management LLC boosted its holdings in Yum! Brands by 107.6% in the 3rd quarter. Americafirst Capital Management LLC now owns 2,392 shares of the restaurant operator’s stock worth $176,000 after buying an additional 1,240 shares during the period. Finally, Sun Life Financial INC boosted its holdings in Yum! Brands by 19,991.7% in the 2nd quarter. Sun Life Financial INC now owns 2,411 shares of the restaurant operator’s stock worth $178,000 after buying an additional 2,399 shares during the period. 73.68% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO David W. Gibbs sold 4,318 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total transaction of $347,858.08. Following the completion of the transaction, the chief financial officer now directly owns 39,396 shares of the company’s stock, valued at approximately $3,173,741.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian R. Niccol sold 927 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.46, for a total transaction of $77,367.42. The disclosure for this sale can be found here. Insiders have sold a total of 9,937 shares of company stock valued at $802,843 over the last three months. Insiders own 7.38% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, November 14th. Yum! Brands’s dividend payout ratio is currently 70.18%.
Yum! Brands declared that its board has approved a stock buyback program on Friday, November 17th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the restaurant operator to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
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About Yum! Brands
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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