Yum! Brands (NYSE:YUM) Issues Earnings Results, Misses Expectations By $0.04 EPS

Yum! Brands (NYSE:YUM) issued its earnings results on Tuesday. The restaurant operator reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04), Briefing.com reports. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a negative return on equity of 18.90% and a net margin of 21.96%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 earnings per share.

Yum! Brands Stock Performance

Shares of NYSE:YUM traded up $2.69 during midday trading on Thursday, reaching $137.06. 2,206,126 shares of the company’s stock were exchanged, compared to its average volume of 1,950,322. The company’s 50 day simple moving average is $134.23 and its two-hundred day simple moving average is $134.81. The firm has a market capitalization of $38.54 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. Yum! Brands has a 12 month low of $123.60 and a 12 month high of $143.20.

Yum! Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 27th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $2.68 dividend on an annualized basis and a yield of 1.96%. Yum! Brands’s payout ratio is presently 50.09%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on YUM. TD Cowen restated a “hold” rating and issued a $145.00 price target on shares of Yum! Brands in a research report on Wednesday. Bank of America reduced their price target on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Robert W. Baird upped their price target on shares of Yum! Brands from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Yum! Brands from $147.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Evercore ISI downgraded shares of Yum! Brands from an “outperform” rating to an “inline” rating and cut their target price for the stock from $160.00 to $145.00 in a research report on Tuesday, July 16th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $145.94.

Insider Transactions at Yum! Brands

In other news, insider Scott Catlett sold 8,234 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the completion of the transaction, the insider now directly owns 29,159 shares of the company’s stock, valued at approximately $4,017,818.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Scott Catlett sold 8,234 shares of Yum! Brands stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total transaction of $1,134,562.86. Following the completion of the transaction, the insider now directly owns 29,159 shares of the company’s stock, valued at $4,017,818.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David W. Gibbs sold 7,005 shares of Yum! Brands stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $134.43, for a total transaction of $941,682.15. Following the transaction, the chief executive officer now directly owns 152,634 shares of the company’s stock, valued at $20,518,588.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 30,622 shares of company stock valued at $4,172,740. Company insiders own 0.31% of the company’s stock.

About Yum! Brands

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