Yum! Brands (NYSE:YUM) posted its quarterly earnings results on Wednesday. The restaurant operator reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21, MarketWatch Earnings reports. Yum! Brands had a negative return on equity of 17.36% and a net margin of 27.95%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year.
YUM opened at $87.99 on Friday. The firm has a market cap of $27.43 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 1.93 and a beta of 0.86. Yum! Brands has a one year low of $75.88 and a one year high of $92.21.
In other Yum! Brands news, VP David Eric Russell sold 7,340 shares of the business’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $90.00, for a total transaction of $660,600.00. Following the sale, the vice president now directly owns 25,960 shares in the company, valued at $2,336,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David W. Gibbs sold 6,366 shares of the business’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $87.87, for a total value of $559,380.42. Following the sale, the chief financial officer now owns 47,764 shares in the company, valued at $4,197,022.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,075 shares of company stock worth $1,779,370. 0.63% of the stock is owned by company insiders.
Yum! Brands announced that its board has approved a share buyback program on Friday, August 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the restaurant operator to purchase up to 7.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
A number of analysts recently weighed in on the company. Gordon Haskett assumed coverage on Yum! Brands in a research note on Thursday, October 18th. They issued a “hold” rating and a $90.00 price target on the stock. Robert W. Baird lifted their price target on Yum! Brands from $94.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday. Stifel Nicolaus downgraded Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a research note on Tuesday, October 23rd. Zacks Investment Research downgraded Yum! Brands from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, BTIG Research lifted their price target on Yum! Brands from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, October 10th. Fourteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $90.06.
Yum! Brands Company Profile
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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