Q4 2016 EPS Estimates for Yum Brands Inc. Increased by Oppenheimer Holdings (YUM)
Yum Brands Inc. (NYSE:YUM) – Oppenheimer Holdings boosted their Q4 2016 EPS estimates for shares of Yum Brands in a research report issued on Wednesday. Oppenheimer Holdings analyst B. Bittner now forecasts that the brokerage will post earnings per share of $0.88 for the quarter, up from their previous estimate of $0.87. Oppenheimer Holdings currently has a “Outperform” rating and a $97.00 target price on the stock.
Yum Brands (NYSE:YUM) last announced its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a return on equity of 511.71%. The business earned $3.32 billion during the quarter. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year.
Other equities research analysts also recently issued reports about the company. Nomura reaffirmed a “buy” rating on shares of Yum Brands in a research note on Tuesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Yum Brands in a research note on Monday, July 11th. Cowen and Company reaffirmed a “buy” rating on shares of Yum Brands in a research note on Sunday, July 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Yum Brands in a research note on Sunday, July 17th. Finally, Vetr raised Yum Brands from a “sell” rating to a “buy” rating and set a $95.24 price target for the company in a research note on Monday, September 26th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $91.61.
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Yum Brands (NYSE:YUM) traded up 0.11% during midday trading on Friday, hitting $87.54. The company had a trading volume of 2,982,869 shares. The company’s 50 day moving average is $89.57 and its 200-day moving average is $85.20. Yum Brands has a one year low of $64.58 and a one year high of $91.99. The company has a market cap of $34.13 billion, a P/E ratio of 26.38 and a beta of 0.76.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Wednesday, October 19th will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, October 17th. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.33%. Yum Brands’s payout ratio is 46.82%.
In other Yum Brands news, CEO Roger G. Eaton sold 44,952 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $88.53, for a total value of $3,979,600.56. Following the completion of the sale, the chief executive officer now directly owns 244,274 shares of the company’s stock, valued at $21,625,577.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tracy L. Skeans sold 1,793 shares of the business’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $90.02, for a total transaction of $161,405.86. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. Virginia Retirement System acquired a new stake in Yum Brands during the first quarter valued at $572,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in Yum Brands by 0.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 58,495 shares of the restaurant operator’s stock valued at $4,788,000 after buying an additional 150 shares in the last quarter. Franklin Resources Inc. increased its stake in Yum Brands by 3.1% in the first quarter. Franklin Resources Inc. now owns 1,442,354 shares of the restaurant operator’s stock valued at $118,057,000 after buying an additional 43,486 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in Yum Brands during the first quarter valued at $10,634,000. Finally, Advisor Partners LLC increased its stake in Yum Brands by 52.6% in the first quarter. Advisor Partners LLC now owns 4,926 shares of the restaurant operator’s stock valued at $403,000 after buying an additional 1,699 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.
About Yum Brands
YUM! Brands, Inc (YUM) is engaged in restaurant business. The Company develops, operates, franchises and licenses an across the world system of restaurants, which prepare, package and sell a menu of food items, primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts). YUM operates through four segments: YUM China (China Division), which includes all operations in mainland China; The KFC Division, which includes all operations of the KFC concept outside of China Division; The Pizza Hut Division, which includes all operations of the Pizza Hut concept outside of China Division, and the Taco Bell Division, which includes all operations of the Taco Bell concept.
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