Equities research analysts predict that Yum! Brands, Inc. (NYSE:YUM) will announce $1.35 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Yum! Brands’ earnings, with the highest sales estimate coming in at $1.38 billion and the lowest estimate coming in at $1.32 billion. Yum! Brands posted sales of $1.39 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The business is scheduled to report its next quarterly earnings report on Wednesday, October 30th.
On average, analysts expect that Yum! Brands will report full-year sales of $5.58 billion for the current financial year, with estimates ranging from $5.49 billion to $5.67 billion. For the next year, analysts forecast that the business will post sales of $5.84 billion, with estimates ranging from $5.71 billion to $5.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Yum! Brands.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS.
YUM has been the topic of several research reports. Citigroup set a $138.00 price target on Yum! Brands and gave the company a “hold” rating in a research report on Monday, August 12th. Stifel Nicolaus increased their target price on Yum! Brands from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. UBS Group increased their target price on Yum! Brands from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. BMO Capital Markets increased their target price on Yum! Brands to $112.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. They noted that the move was a valuation call. Finally, BTIG Research increased their target price on Yum! Brands to $130.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $110.65.
In other news, CEO Greg Creed sold 11,389 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $116.93, for a total value of $1,331,715.77. Following the completion of the transaction, the chief executive officer now owns 25,004 shares of the company’s stock, valued at $2,923,717.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David Eric Russell sold 5,801 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $115.33, for a total value of $669,029.33. The disclosure for this sale can be found here. In the last three months, insiders sold 28,996 shares of company stock valued at $3,317,091. Company insiders own 0.67% of the company’s stock.
Several large investors have recently added to or reduced their stakes in YUM. Liberty Wealth Management LLC grew its stake in shares of Yum! Brands by 302.1% in the second quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 290 shares in the last quarter. Certified Advisory Corp bought a new position in shares of Yum! Brands in the second quarter worth $44,000. Advisory Alpha LLC bought a new position in shares of Yum! Brands in the first quarter worth $50,000. Bremer Bank National Association bought a new position in Yum! Brands during the first quarter valued at about $52,000. Finally, Zions Bancorporation N.A. bought a new position in Yum! Brands during the first quarter valued at about $52,000. 75.27% of the stock is owned by institutional investors.
Shares of YUM stock traded down $0.79 on Tuesday, hitting $112.48. 41,203 shares of the stock traded hands, compared to its average volume of 1,246,494. The company has a market capitalization of $35.08 billion, a PE ratio of 35.60, a PEG ratio of 2.43 and a beta of 0.51. Yum! Brands has a 1-year low of $84.53 and a 1-year high of $119.72. The company’s fifty day moving average is $116.33 and its 200 day moving average is $106.72.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 19th were paid a $0.42 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.49%. Yum! Brands’s payout ratio is 53.00%.
About Yum! Brands
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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