Jefferies Group Comments on Yum Brands Inc.’s FY2016 Earnings (YUM)
Yum Brands Inc. (NYSE:YUM) – Jefferies Group reduced their FY2016 earnings estimates for Yum Brands in a note issued to investors on Thursday. Jefferies Group analyst A. Barish now anticipates that the brokerage will post earnings of $3.72 per share for the year, down from their prior forecast of $3.73. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Yum Brands’ Q4 2016 earnings at $0.94 EPS and FY2017 earnings at $4.15 EPS.
Several other research firms also recently weighed in on YUM. BTIG Research reissued a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $70.00 target price on shares of Yum Brands in a report on Wednesday, October 5th. Wells Fargo & Co. reissued a “market perform” rating and issued a $83.00 target price on shares of Yum Brands in a report on Monday, July 11th. Cowen and Company reissued a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Finally, Credit Agricole SA reissued an “underperform” rating and issued a $82.00 target price on shares of Yum Brands in a report on Thursday, July 14th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Yum Brands presently has a consensus rating of “Hold” and an average price target of $91.86.
Shares of Yum Brands (NYSE:YUM) opened at 87.72 on Monday. The firm has a 50-day moving average price of $89.48 and a 200 day moving average price of $85.26. Yum Brands has a one year low of $64.58 and a one year high of $91.99. The firm has a market capitalization of $34.20 billion, a price-to-earnings ratio of 26.44 and a beta of 0.76.
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Yum Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 EPS for the quarter, missing the consensus estimate of $1.10 by $0.01. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. The business earned $3.32 billion during the quarter. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC increased its stake in shares of Yum Brands by 9.2% in the second quarter. Advisory Services Network LLC now owns 1,292 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 109 shares in the last quarter. Tortoise Investment Management LLC increased its stake in shares of Yum Brands by 10.4% in the second quarter. Tortoise Investment Management LLC now owns 1,325 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 125 shares in the last quarter. Zions Bancorporation increased its stake in shares of Yum Brands by 17.1% in the first quarter. Zions Bancorporation now owns 1,508 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 220 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of Yum Brands during the second quarter valued at about $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Yum Brands by 637.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,652 shares of the restaurant operator’s stock valued at $137,000 after buying an additional 1,428 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.
In related news, CEO Roger G. Eaton sold 44,952 shares of the stock in a transaction on Friday, July 15th. The stock was 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 in the company, valued at approximately $21,625,577.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David Eric Russell sold 5,213 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $90.00, for a total value of $469,170.00. Following the completion of the sale, the vice president now owns 14,428 shares of the company’s stock, valued at $1,298,520. The disclosure for this sale can be found here. 7.38% of the stock is owned by corporate insiders.
The company 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. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, October 17th. Yum Brands’s dividend payout ratio (DPR) is 46.82%.
Yum Brands Company Profile
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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