Yum! Brands (NYSE:YUM) Announces Earnings Results

Yum! Brands (NYSE:YUM) released its quarterly earnings results on Tuesday. The restaurant operator reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04), Briefing.com reports. Yum! Brands had a net margin of 21.96% and a negative return on equity of 18.90%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the company earned $1.44 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year.

Yum! Brands Stock Performance

NYSE:YUM traded down $1.35 during mid-day trading on Wednesday, hitting $133.37. 1,446,702 shares of the stock were exchanged, compared to its average volume of 1,940,073. The firm’s 50-day simple moving average is $134.26 and its 200 day simple moving average is $134.81. The stock has a market capitalization of $37.50 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. Yum! Brands has a fifty-two week low of $123.60 and a fifty-two week high of $143.20.

Yum! Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 27th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum! Brands’s payout ratio is 49.08%.

Insider Buying and Selling at Yum! Brands

In other news, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the sale, the chief executive officer now owns 159,132 shares of the company’s stock, valued at approximately $21,947,485.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Yum! Brands news, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $137.79, for a total value of $1,134,562.86. Following the completion of the transaction, the insider now directly owns 29,159 shares of the company’s stock, valued at $4,017,818.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Gibbs sold 7,069 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $137.92, for a total value of $974,956.48. Following the sale, the chief executive officer now owns 159,132 shares of the company’s stock, valued at approximately $21,947,485.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,622 shares of company stock valued at $4,172,740 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on YUM. Loop Capital cut their price objective on shares of Yum! Brands from $143.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on Yum! Brands from $147.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday. Bank of America decreased their price objective on Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Robert W. Baird boosted their target price on Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley decreased their price target on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $145.94.

Yum! Brands Company Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.