Today, Yum Brands Inc. to Post Q1 2017 Earnings of $0.66 Per Share, Jefferies Group Forecasts (YUM)

Today, Yum Brands Inc. to Post Q1 2017 Earnings of $0.66 Per Share, Jefferies Group Forecasts (YUM)

Yum Brands Inc. (NYSE:YUM) – Equities researchers at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for shares of Yum Brands in a note issued to investors on Monday. Jefferies Group analyst A. Barish forecasts that the brokerage will post earnings of $0.66 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $85.00 price target on the stock. Jefferies Group also issued estimates for Yum Brands’ Q2 2017 earnings at $0.63 EPS, Q3 2017 earnings at $0.63 EPS, Q4 2017 earnings at $0.83 EPS and FY2018 earnings at $3.15 EPS.

Yum Brands (NYSE:YUM) last announced its earnings results on Wednesday, October 5th. The restaurant operator reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by $0.01. The firm earned $3.32 billion during the quarter. Yum Brands had a net margin of 12.62% and a negative return on equity of 589.18%. Yum Brands’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS.

YUM has been the topic of several other reports. Citigroup Inc. lifted their target price on shares of Yum Brands from $88.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $97.00 price target on shares of Yum Brands in a report on Monday, October 17th. Credit Suisse Group AG upgraded shares of Yum Brands from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $96.00 in a report on Wednesday, October 19th. Zacks Investment Research cut shares of Yum Brands from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Finally, Morgan Stanley lifted their price target on shares of Yum Brands from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, September 28th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $91.72.

Shares of Yum Brands (NYSE:YUM) opened at 63.15 on Wednesday. The stock has a 50 day moving average of $62.00 and a 200 day moving average of $62.11. Yum Brands has a one year low of $46.43 and a one year high of $66.13. The stock has a market cap of $23.18 billion, a P/E ratio of 16.25 and a beta of 0.78.

The company also recently announced a quarterly dividend, which was paid on Friday, November 4th. Investors of record on Wednesday, October 19th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.23%. This is a positive change from Yum Brands’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, October 17th. Yum Brands’s dividend payout ratio is currently 51.91%.

In related news, CEO Roger G. Eaton sold 53,518 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $91.72, for a total value of $4,908,670.96. Following the completion of the sale, the chief executive officer now directly owns 245,736 shares of the company’s stock, valued at approximately $22,538,905.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David W. Gibbs sold 14,487 shares of the stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $89.92, for a total transaction of $1,302,671.04. Following the completion of the sale, the chief financial officer now directly owns 48,261 shares of the company’s stock, valued at $4,339,629.12. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in YUM. Hudock Capital Group LLC increased its position in Yum Brands by 0.3% in the third quarter. Hudock Capital Group LLC now owns 1,112 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 3 shares during the last quarter. Vigilant Capital Management LLC increased its position in Yum Brands by 0.4% in the third quarter. Vigilant Capital Management LLC now owns 1,700 shares of the restaurant operator’s stock valued at $154,000 after buying an additional 6 shares during the last quarter. Bruderman Asset Management LLC increased its position in Yum Brands by 0.3% in the third quarter. Bruderman Asset Management LLC now owns 2,312 shares of the restaurant operator’s stock valued at $210,000 after buying an additional 6 shares during the last quarter. Kistler Tiffany Companies LLC increased its position in Yum Brands by 0.5% in the third quarter. Kistler Tiffany Companies LLC now owns 2,257 shares of the restaurant operator’s stock valued at $205,000 after buying an additional 11 shares during the last quarter. Finally, Pillar Pacific Capital Management LLC increased its position in Yum Brands by 0.4% in the second quarter. Pillar Pacific Capital Management LLC now owns 2,973 shares of the restaurant operator’s stock valued at $246,000 after buying an additional 13 shares during the last quarter. 78.43% of the stock is owned by institutional investors.

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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