Yum! Brands, Inc. (NYSE:YUM) – Analysts at Jefferies Group upped their Q3 2017 earnings per share estimates for shares of Yum! Brands in a note issued to investors on Friday. Jefferies Group analyst A. Barish now anticipates that the restaurant operator will post earnings per share of $0.66 for the quarter, up from their prior estimate of $0.61.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS.

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Several other research firms have also commented on YUM. BMO Capital Markets reissued a “hold” rating and issued a $66.00 target price on shares of Yum! Brands in a report on Monday, May 22nd. Sanford C. Bernstein reissued an “outperform” rating and issued a $80.00 target price on shares of Yum! Brands in a report on Tuesday, July 25th. Royal Bank Of Canada increased their target price on Yum! Brands from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 4th. BidaskClub lowered Yum! Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $71.00 target price (up previously from $68.00) on shares of Yum! Brands in a report on Tuesday, May 30th. Fourteen investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $78.68.

Shares of Yum! Brands (NYSE YUM) opened at 75.03 on Monday. Yum! Brands has a 52-week low of $59.57 and a 52-week high of $91.99. The stock has a 50 day moving average price of $74.01 and a 200-day moving average price of $68.62. The firm has a market cap of $26.13 billion, a PE ratio of 18.89 and a beta of 0.82.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Yum! Brands by 2,392.9% in the first quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock worth $1,281,452,000 after buying an additional 19,249,564 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Yum! Brands by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 7,100,759 shares of the restaurant operator’s stock worth $453,737,000 after buying an additional 755,288 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of Yum! Brands by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 6,379,688 shares of the restaurant operator’s stock worth $407,662,000 after buying an additional 17,799 shares during the period. Morgan Stanley boosted its position in shares of Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock worth $303,987,000 after buying an additional 2,148,751 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Yum! Brands by 6.0% in the first quarter. Geode Capital Management LLC now owns 3,024,137 shares of the restaurant operator’s stock worth $192,940,000 after buying an additional 170,079 shares during the period. 73.37% of the stock is owned by institutional investors and hedge funds.

In other news, CFO David W. Gibbs sold 8,125 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $68.83, for a total transaction of $559,243.75. Following the completion of the transaction, the chief financial officer now directly owns 39,181 shares of the company’s stock, valued at approximately $2,696,828.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian R. Niccol sold 1,487 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the transaction, the chief executive officer now directly owns 6,719 shares of the company’s stock, valued at $495,996.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,083 shares of company stock valued at $775,868. 7.38% of the stock is currently owned by corporate insiders.

The business also recently announced a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. Yum! Brands’s dividend payout ratio (DPR) is presently 33.15%.

Yum! Brands Company Profile

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

Earnings History and Estimates for Yum! Brands (NYSE:YUM)

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