Yum! Brands (YUM) Issues Earnings Results, Beats Estimates By $0.16 EPS

Yum! Brands (NYSE:YUM) released its quarterly earnings data on Thursday. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.16, Bloomberg Earnings reports. Yum! Brands had a negative return on equity of 17.27% and a net margin of 22.80%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year.

Shares of Yum! Brands (NYSE YUM) opened at $79.31 on Friday. Yum! Brands has a 12 month low of $62.85 and a 12 month high of $86.93. The company has a quick ratio of 1.41, a current ratio of 1.66 and a debt-to-equity ratio of -1.49. The company has a market capitalization of $25,712.62, a price-to-earnings ratio of 20.93, a PEG ratio of 1.82 and a beta of 0.93.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Wednesday, February 14th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Tuesday, February 13th. This is an increase from Yum! Brands’s previous quarterly dividend of $0.30. Yum! Brands’s payout ratio is currently 31.66%.

YUM has been the subject of a number of analyst reports. Nomura boosted their price objective on Yum! Brands from $85.00 to $89.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Cowen restated a “buy” rating and set a $91.00 price objective on shares of Yum! Brands in a research report on Friday, November 3rd. Oppenheimer restated a “buy” rating and set a $85.00 price objective on shares of Yum! Brands in a research report on Monday, October 30th. Zacks Investment Research upgraded Yum! Brands from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Saturday, January 13th. Finally, Edward Jones upgraded Yum! Brands from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Fifteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $81.96.

In other news, CEO Brian R. Niccol sold 2,294 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $84.90, for a total value of $194,760.60. Following the sale, the chief executive officer now owns 10,160 shares of the company’s stock, valued at approximately $862,584. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian R. Niccol sold 1,104 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $82.37, for a total value of $90,936.48. Following the completion of the sale, the chief executive officer now directly owns 5,509 shares in the company, valued at approximately $453,776.33. The disclosure for this sale can be found here. Insiders sold a total of 4,325 shares of company stock worth $363,065 in the last three months. Company insiders own 7.38% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fort Pitt Capital Group LLC raised its stake in shares of Yum! Brands by 16.9% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 4,150 shares of the restaurant operator’s stock worth $306,000 after buying an additional 600 shares in the last quarter. Hall Capital Management Co. Inc. raised its stake in shares of Yum! Brands by 5.1% in the 4th quarter. Hall Capital Management Co. Inc. now owns 12,820 shares of the restaurant operator’s stock worth $1,046,000 after buying an additional 625 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Yum! Brands by 2.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 25,393 shares of the restaurant operator’s stock worth $2,072,000 after buying an additional 652 shares in the last quarter. Iowa State Bank raised its stake in shares of Yum! Brands by 3.1% in the 4th quarter. Iowa State Bank now owns 22,353 shares of the restaurant operator’s stock worth $1,824,000 after buying an additional 663 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of Yum! Brands by 54.2% in the 4th quarter. Advisory Services Network LLC now owns 1,921 shares of the restaurant operator’s stock worth $157,000 after buying an additional 675 shares in the last quarter. 73.55% of the stock is currently owned by institutional investors.

Yum! Brands announced that its board has approved a share buyback program on Friday, November 17th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

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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.

Earnings History for Yum! Brands (NYSE:YUM)

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