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

Yum! Brands (NYSE:YUM) announced its quarterly earnings results on Tuesday. The restaurant operator reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04), Briefing.com reports. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year.

Yum! Brands Trading Up 2.0 %

Shares of NYSE YUM opened at $137.06 on Friday. The stock’s 50-day moving average is $134.23 and its 200 day moving average is $134.81. The stock has a market cap of $38.54 billion, a price-to-earnings ratio of 25.62, a P/E/G ratio of 2.13 and a beta of 1.10. Yum! Brands has a 1-year low of $123.60 and a 1-year high of $143.20.

Yum! Brands Announces Dividend

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

Insiders Place Their Bets

In related news, insider Scott Catlett sold 8,234 shares of the stock in a transaction on 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 transaction, the insider now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other Yum! Brands news, CEO David W. Gibbs sold 7,069 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $137.92, for a total value of $974,956.48. Following the completion of the sale, the chief executive officer now owns 159,132 shares in the company, valued at approximately $21,947,485.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott Catlett sold 8,234 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $137.79, for a total value of $1,134,562.86. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 30,622 shares of company stock valued at $4,172,740 over the last quarter. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. TD Cowen reiterated a “hold” rating and issued a $145.00 price objective on shares of Yum! Brands in a research note on Wednesday. Stifel Nicolaus reduced their price objective on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Evercore ISI lowered shares of Yum! Brands from an “outperform” rating to an “inline” rating and reduced their price objective for the company from $160.00 to $145.00 in a research note on Tuesday, July 16th. Morgan Stanley reduced their price objective on shares of Yum! Brands from $155.00 to $153.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Finally, Bank of America reduced their price objective on shares of Yum! Brands from $147.00 to $145.00 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Eleven 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.com, the stock currently has an average rating of “Hold” and an average target price of $145.94.

Yum! Brands Company Profile

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.