Yum! Brands, Inc. (NYSE:YUM) issued its quarterly earnings results on Thursday. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.07, Bloomberg Earnings reports. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year.
Shares of Yum! Brands (NYSE YUM) opened at 75.03 on Friday. Yum! Brands has a 12 month low of $59.57 and a 12 month high of $91.99. The company has a market capitalization of $26.13 billion, a price-to-earnings ratio of 18.89 and a beta of 0.82. The stock has a 50 day moving average price of $74.01 and a 200-day moving average price of $68.62.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Friday, July 14th were given a $0.30 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Yum! Brands’s dividend payout ratio is currently 33.15%.
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In other news, CEO Brian R. Niccol sold 1,471 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $72.64, for a total transaction of $106,853.44. Following the transaction, the chief executive officer now owns 6,712 shares of the company’s stock, valued at $487,559.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian R. Niccol sold 1,487 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total value of $109,770.34. Following the transaction, the chief executive officer now directly owns 6,719 shares in the company, valued at approximately $495,996.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,083 shares of company stock worth $775,868. Company insiders own 7.38% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in YUM. Howland Capital Management LLC boosted its position in Yum! Brands by 11.7% in the first quarter. Howland Capital Management LLC now owns 157,474 shares of the restaurant operator’s stock worth $10,063,000 after buying an additional 16,432 shares in the last quarter. South State Corp boosted its position in Yum! Brands by 13.9% in the first quarter. South State Corp now owns 56,768 shares of the restaurant operator’s stock worth $3,627,000 after buying an additional 6,931 shares in the last quarter. Windsor Capital Management LLC boosted its position in Yum! Brands by 7.6% in the first quarter. Windsor Capital Management LLC now owns 9,855 shares of the restaurant operator’s stock worth $629,000 after buying an additional 693 shares in the last quarter. Parametrica Management Ltd acquired a new position in Yum! Brands during the first quarter worth approximately $311,000. Finally, Wagner Bowman Management Corp boosted its position in Yum! Brands by 11.4% in the first quarter. Wagner Bowman Management Corp now owns 23,633 shares of the restaurant operator’s stock worth $1,510,000 after buying an additional 2,425 shares in the last quarter. 73.37% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on YUM. BidaskClub raised Yum! Brands from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Zacks Investment Research raised Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday. Barclays PLC boosted their price target on Yum! Brands from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday. BMO Capital Markets boosted their price target on Yum! Brands from $66.00 to $77.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, UBS AG upped their target price on Yum! Brands from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday. Fourteen research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Yum! Brands presently has a consensus rating of “Buy” and a consensus target price of $78.68.
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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