Yum! Brands, Inc. (NYSE:YUM) – Research analysts at KeyCorp dropped their Q1 2020 EPS estimates for shares of Yum! Brands in a report issued on Wednesday, May 1st. KeyCorp analyst E. Gonzalez now expects that the restaurant operator will post earnings per share of $0.89 for the quarter, down from their prior estimate of $0.92. KeyCorp also issued estimates for Yum! Brands’ Q3 2020 earnings at $1.08 EPS and Q4 2020 earnings at $1.30 EPS.
Several other brokerages have also commented on YUM. Robert W. Baird reissued an “outperform” rating and issued a $112.00 price objective on shares of Yum! Brands in a report on Monday, April 29th. Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. BTIG Research raised their price objective on Yum! Brands to $114.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. lowered Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 price objective on the stock. in a report on Tuesday, March 19th. Finally, Citigroup dropped their price objective on Yum! Brands from $104.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $98.17.
Shares of YUM opened at $102.41 on Monday. Yum! Brands has a 12 month low of $77.09 and a 12 month high of $104.47. The company has a market capitalization of $31.42 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.56.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.82 EPS for the quarter, beating the consensus estimate of $0.80 by $0.02. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company earned $0.90 earnings per share. Yum! Brands’s quarterly revenue was down 8.5% compared to the same quarter last year.
Several large investors have recently modified their holdings of YUM. Oregon Public Employees Retirement Fund boosted its stake in shares of Yum! Brands by 6,899.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,916,798 shares of the restaurant operator’s stock worth $64,000 after acquiring an additional 5,832,264 shares during the last quarter. Norges Bank acquired a new stake in shares of Yum! Brands in the fourth quarter worth approximately $292,344,000. Two Sigma Investments LP boosted its stake in shares of Yum! Brands by 63.9% in the fourth quarter. Two Sigma Investments LP now owns 2,008,383 shares of the restaurant operator’s stock worth $184,611,000 after acquiring an additional 783,149 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Yum! Brands by 118.0% in the fourth quarter. Acadian Asset Management LLC now owns 1,390,826 shares of the restaurant operator’s stock worth $127,843,000 after acquiring an additional 752,837 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its stake in shares of Yum! Brands by 608.2% in the third quarter. Federated Investors Inc. PA now owns 721,958 shares of the restaurant operator’s stock worth $65,633,000 after acquiring an additional 620,015 shares during the last quarter. 74.93% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP David Eric Russell sold 5,872 shares of Yum! Brands stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.00, for a total value of $587,200.00. Following the sale, the vice president now directly owns 23,653 shares of the company’s stock, valued at $2,365,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tanya L. Domier purchased 2,652 shares of the stock in a transaction dated Friday, February 8th. The stock was purchased at an average cost of $94.23 per share, for a total transaction of $249,897.96. The disclosure for this purchase can be found here. Insiders sold 98,922 shares of company stock worth $9,384,824 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 16th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.64%. Yum! Brands’s dividend payout ratio is presently 53.00%.
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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