Brokerages predict that Yum! Brands, Inc. (NYSE:YUM) will report $1.07 billion in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Yum! Brands’ earnings, with the highest sales estimate coming in at $1.15 billion and the lowest estimate coming in at $1.03 billion. Yum! Brands posted sales of $1.42 billion during the same quarter last year, which suggests a negative year over year growth rate of 24.6%. The firm is expected to issue its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Yum! Brands will report full year sales of $1.07 billion for the current fiscal year, with estimates ranging from $4.14 billion to $4.67 billion. For the next year, analysts anticipate that the company will report sales of $4.26 billion per share, with estimates ranging from $3.99 billion to $4.53 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Yum! Brands.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, February 8th. The restaurant operator reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.16. Yum! Brands had a negative return on equity of 17.27% and a net margin of 22.80%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the company posted $0.79 EPS. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year.
Yum! Brands (YUM) opened at $82.41 on Tuesday. Yum! Brands has a 52 week low of $62.85 and a 52 week high of $86.93. The firm has a market capitalization of $27,400.00, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.98 and a beta of 0.95. The company has a current ratio of 1.66, a quick ratio of 1.65 and a debt-to-equity ratio of -1.49.
Yum! Brands declared that its board has approved a stock repurchase plan on Friday, November 17th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Wednesday, February 14th were given a $0.36 dividend. The ex-dividend date was Tuesday, February 13th. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a yield of 1.75%. Yum! Brands’s dividend payout ratio (DPR) is 28.57%.
In other Yum! Brands news, CEO Brian R. Niccol sold 2,294 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $84.90, for a total value of $194,760.60. Following the transaction, the chief executive officer now directly owns 10,160 shares of the company’s stock, valued at $862,584. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian R. Niccol sold 945 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $79.90, for a total value of $75,505.50. Following the completion of the transaction, the chief executive officer now directly owns 10,785 shares in the company, valued at $861,721.50. The disclosure for this sale can be found here. Insiders sold 4,343 shares of company stock worth $361,203 over the last three months. 0.65% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Magellan Asset Management Ltd raised its position in Yum! Brands by 4.1% in the fourth quarter. Magellan Asset Management Ltd now owns 16,076,881 shares of the restaurant operator’s stock valued at $1,312,034,000 after purchasing an additional 632,560 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Yum! Brands by 18.2% during the third quarter. Bank of New York Mellon Corp now owns 7,910,196 shares of the restaurant operator’s stock valued at $582,270,000 after acquiring an additional 1,220,537 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Yum! Brands by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 3,242,451 shares of the restaurant operator’s stock valued at $264,016,000 after acquiring an additional 56,201 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of Yum! Brands by 19.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,128,020 shares of the restaurant operator’s stock valued at $173,670,000 after acquiring an additional 349,120 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Yum! Brands by 1.8% during the fourth quarter. Two Sigma Advisers LP now owns 1,998,081 shares of the restaurant operator’s stock valued at $163,063,000 after acquiring an additional 34,500 shares in the last quarter. 75.60% of the stock is currently owned by institutional investors.
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Yum! Brands Company Profile
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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