Yum! Brands, Inc. (NYSE:YUM) – Stock analysts at Oppenheimer issued their Q1 2019 earnings per share estimates for shares of Yum! Brands in a research report issued to clients and investors on Thursday, November 29th. Oppenheimer analyst B. Bittner forecasts that the restaurant operator will post earnings per share of $0.78 for the quarter. Oppenheimer also issued estimates for Yum! Brands’ Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.98 EPS, Q4 2019 earnings at $1.21 EPS, FY2019 earnings at $3.83 EPS and FY2020 earnings at $4.25 EPS.
Yum! Brands (NYSE:YUM) last released its earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.21. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business earned $0.68 EPS. The business’s revenue was down 3.1% on a year-over-year basis.
Shares of YUM opened at $92.22 on Friday. Yum! Brands has a 1-year low of $75.88 and a 1-year high of $92.45. The stock has a market cap of $28.69 billion, a P/E ratio of 31.16, a P/E/G ratio of 1.94 and a beta of 0.85.
Yum! Brands declared that its board has approved a share repurchase plan on Friday, August 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the restaurant operator to buy up to 7.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, November 23rd. Yum! Brands’s dividend payout ratio (DPR) is 48.65%.
In other Yum! Brands news, VP David Eric Russell sold 7,340 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $90.00, for a total transaction of $660,600.00. Following the transaction, the vice president now owns 25,960 shares of the company’s stock, valued at approximately $2,336,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Roger G. Eaton sold 44,823 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $90.54, for a total transaction of $4,058,274.42. Following the transaction, the chief executive officer now directly owns 160,726 shares in the company, valued at approximately $14,552,132.04. The disclosure for this sale can be found here. Insiders have sold a total of 71,289 shares of company stock worth $6,401,458 in the last three months. Insiders own 0.63% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Asset Advisors Investment Management LLC purchased a new position in Yum! Brands during the 3rd quarter valued at about $136,000. Willingdon Wealth Management increased its position in Yum! Brands by 2,110.0% during the 3rd quarter. Willingdon Wealth Management now owns 1,768 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 1,688 shares during the period. Legacy Financial Advisors Inc. increased its position in Yum! Brands by 54.3% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 2,057 shares of the restaurant operator’s stock valued at $187,000 after purchasing an additional 724 shares during the period. Qube Research & Technologies Ltd purchased a new position in Yum! Brands during the 2nd quarter valued at about $199,000. Finally, Douglass Winthrop Advisors LLC purchased a new position in Yum! Brands during the 3rd quarter valued at about $201,000. 73.08% of the stock is currently owned by institutional investors and hedge funds.
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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