Yum! Brands (NYSE:YUM) Releases Earnings Results, Misses Estimates By $0.03 EPS

Yum! Brands (NYSE:YUMGet Rating) announced its quarterly earnings results on Wednesday. The restaurant operator reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.03), RTT News reports. Yum! Brands had a net margin of 22.17% and a negative return on equity of 15.45%. During the same period in the prior year, the firm earned $1.16 earnings per share.

Yum! Brands Stock Performance

Shares of NYSE YUM opened at $118.42 on Friday. Yum! Brands has a fifty-two week low of $108.37 and a fifty-two week high of $139.85. The stock has a market cap of $33.77 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.22 and a beta of 1.01. The firm’s 50-day simple moving average is $116.99 and its 200 day simple moving average is $118.61.

Yum! Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Monday, May 30th were given a $0.57 dividend. The ex-dividend date was Thursday, May 26th. This represents a $2.28 annualized dividend and a yield of 1.93%. Yum! Brands’s payout ratio is 45.69%.

Hedge Funds Weigh In On Yum! Brands

Several hedge funds have recently modified their holdings of the company. Capital World Investors lifted its position in shares of Yum! Brands by 19.6% during the 1st quarter. Capital World Investors now owns 5,507,237 shares of the restaurant operator’s stock worth $652,773,000 after buying an additional 901,181 shares in the last quarter. Capital International Investors lifted its position in shares of Yum! Brands by 1.6% during the 1st quarter. Capital International Investors now owns 4,365,517 shares of the restaurant operator’s stock worth $517,792,000 after buying an additional 67,468 shares in the last quarter. Invesco Ltd. lifted its position in shares of Yum! Brands by 5.6% during the 1st quarter. Invesco Ltd. now owns 1,837,864 shares of the restaurant operator’s stock worth $217,841,000 after buying an additional 97,569 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Yum! Brands by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,448,038 shares of the restaurant operator’s stock worth $171,636,000 after buying an additional 25,404 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Yum! Brands by 13.7% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 870,612 shares of the restaurant operator’s stock worth $103,194,000 after purchasing an additional 105,167 shares during the period. Institutional investors own 79.23% of the company’s stock.

Analyst Ratings Changes

YUM has been the subject of a number of research reports. Citigroup dropped their price target on Yum! Brands from $148.00 to $145.00 in a research note on Thursday, July 21st. Barclays lowered their target price on Yum! Brands from $124.00 to $120.00 and set an “equal weight” rating for the company in a research report on Thursday, June 9th. Robert W. Baird set a $146.00 target price on Yum! Brands in a research report on Tuesday, July 19th. Credit Suisse Group lowered their target price on Yum! Brands from $137.00 to $130.00 in a research report on Thursday, May 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Yum! Brands from $142.00 to $136.00 in a research report on Thursday, May 5th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.46.

About Yum! Brands

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YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. The company 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.

Further Reading

Earnings History for Yum! Brands (NYSE:YUM)

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