Yum! Brands, Inc. (NYSE:YUM) – Equities researchers at Jefferies Financial Group lifted their FY2018 earnings per share (EPS) estimates for shares of Yum! Brands in a report issued on Wednesday, October 31st. Jefferies Financial Group analyst A. Barish now expects that the restaurant operator will earn $3.68 per share for the year, up from their prior forecast of $3.43. Jefferies Financial Group also issued estimates for Yum! Brands’ Q4 2018 earnings at $0.93 EPS, Q1 2019 earnings at $0.80 EPS, Q2 2019 earnings at $0.89 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.09 EPS and FY2020 earnings at $4.20 EPS.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Yum! Brands had a negative return on equity of 17.36% and a net margin of 27.95%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS.
A number of other analysts have also recently commented on the company. Robert W. Baird lifted their price objective on Yum! Brands from $94.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus cut Yum! Brands from a “buy” rating to a “hold” rating and set a $94.00 price target for the company. in a report on Tuesday, October 23rd. Gordon Haskett assumed coverage on Yum! Brands in a report on Thursday, October 18th. They issued a “hold” rating and a $90.00 price target for the company. Zacks Investment Research cut Yum! Brands from a “buy” rating to a “hold” rating in a report 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 report on Wednesday, October 10th. Fourteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Yum! Brands currently has an average rating of “Hold” and an average price target of $90.06.
Yum! Brands stock opened at $86.90 on Friday. The stock has a market cap of $27.43 billion, a P/E ratio of 29.36, a P/E/G ratio of 1.93 and a beta of 0.86. Yum! Brands has a 52 week low of $75.88 and a 52 week high of $92.21.
Yum! Brands announced that its Board of Directors has initiated a share buyback program on Friday, August 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the restaurant operator to buy up to 7.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other Yum! Brands news, CFO David W. Gibbs sold 6,369 shares of Yum! Brands stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $87.83, for a total value of $559,389.27. Following the completion of the sale, the chief financial officer now owns 47,701 shares in the company, valued at approximately $4,189,578.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David W. Gibbs sold 6,366 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,197,022.68. The disclosure for this sale can be found here. Insiders sold a total of 20,075 shares of company stock valued at $1,779,370 in the last 90 days. 0.63% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of YUM. Asset Advisors Investment Management LLC purchased a new stake in shares of Yum! Brands during the 3rd quarter worth about $136,000. Willingdon Wealth Management grew its holdings in shares of Yum! Brands by 2,110.0% during the 3rd quarter. Willingdon Wealth Management now owns 1,768 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 1,688 shares during the period. Cerebellum GP LLC purchased a new stake in shares of Yum! Brands during the 2nd quarter worth about $172,000. Legacy Financial Advisors Inc. grew its holdings in shares of Yum! Brands by 54.3% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 2,057 shares of the restaurant operator’s stock worth $187,000 after purchasing an additional 724 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Yum! Brands during the 2nd quarter worth about $199,000. Institutional investors and hedge funds own 71.08% of the company’s stock.
About Yum! Brands
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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