Yum Brands Inc. to Post FY2016 Earnings of $3.71 Per Share, Credit Agricole SA Forecasts (YUM)
Yum Brands Inc. (NYSE:YUM) – Investment analysts at Credit Agricole SA upped their FY2016 earnings per share (EPS) estimates for Yum Brands in a report issued on Tuesday. Credit Agricole SA analyst J. Scott now anticipates that the brokerage will earn $3.71 per share for the year, up from their prior forecast of $3.64. Credit Agricole SA has a “Underperform” rating and a $82.00 price target on the stock. Credit Agricole SA also issued estimates for Yum Brands’ FY2017 earnings at $4.07 EPS and FY2018 earnings at $4.23 EPS.
Yum Brands (NYSE:YUM) last announced its quarterly earnings data on Wednesday, October 5th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Yum Brands had a negative return on equity of 589.18% and a net margin of 12.62%. The firm had revenue of $3.32 billion for the quarter. During the same period last year, the company posted $1.00 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year.
A number of other analysts have also commented on YUM. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Cowen and Company reaffirmed a “buy” rating on shares of Yum Brands in a report on Sunday, July 17th. Bank of America Corp. reissued a “hold” rating on shares of Yum Brands in a report on Sunday, July 17th. Finally, BTIG Research reissued a “hold” rating on shares of Yum Brands in a report on Sunday, September 4th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Yum Brands currently has an average rating of “Hold” and a consensus target price of $92.31.
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Shares of Yum Brands (NYSE:YUM) traded up 0.18% during mid-day trading on Thursday, hitting $89.10. The company had a trading volume of 1,763,189 shares. The company has a market capitalization of $33.50 billion, a P/E ratio of 26.85 and a beta of 0.76. The firm’s 50-day moving average price is $89.34 and its 200 day moving average price is $85.45. Yum Brands has a one year low of $64.58 and a one year high of $91.99.
Several large investors have recently modified their holdings of the stock. Advisory Services Network LLC boosted 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 worth $107,000 after buying an additional 109 shares during the last quarter. Tortoise Investment Management LLC raised its position 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 worth $110,000 after buying an additional 125 shares during the period. Zions Bancorporation raised its position 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 worth $121,000 after buying an additional 220 shares during the period. Signature Estate & Investment Advisors LLC bought a new position in shares of Yum Brands during the second quarter worth approximately $130,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position 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 worth $137,000 after buying an additional 1,428 shares during the period. 76.14% of the stock is currently owned by institutional investors.
In other news, insider Tracy L. Skeans sold 1,793 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $90.02, for a total value of $161,405.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Roger G. Eaton sold 44,952 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $88.53, for a total transaction 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 $21,625,577.22. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by insiders.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Wednesday, October 19th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.29%. This is a boost from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, October 17th. Yum Brands’s dividend payout ratio is presently 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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