Yum! Brands, Inc. (YUM) Issues Earnings Results
Yum! Brands, Inc. (NYSE:YUM) announced its quarterly earnings data on Thursday. The restaurant operator reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01, Bloomberg Earnings reports. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.61%. Yum! Brands’s dividend payout ratio (DPR) is presently 33.15%.
YUM has been the topic of a number of research reports. UBS AG raised their price objective on Yum! Brands from $76.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 4th. Royal Bank Of Canada restated a “buy” rating and issued a $83.00 price objective on shares of Yum! Brands in a report on Friday, August 4th. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, August 1st. Argus restated a “buy” rating and issued a $88.00 price objective (up previously from $80.00) on shares of Yum! Brands in a report on Wednesday, August 23rd. Finally, Cowen and Company restated a “buy” rating and issued a $85.00 price objective on shares of Yum! Brands in a report on Friday, September 8th. Eleven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $78.57.
In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the completion of the sale, the chief financial officer now owns 39,664 shares of the company’s stock, valued at $2,935,136. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.38% of the stock is owned by insiders.
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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