Yum! Brands, Inc. (YUM) to Post FY2018 Earnings of $3.72 Per Share, Oppenheimer Forecasts

Yum! Brands, Inc. (NYSE:YUM) – Equities research analysts at Oppenheimer lifted their FY2018 earnings per share (EPS) estimates for shares of Yum! Brands in a research report issued on Wednesday, January 9th. Oppenheimer analyst B. Bittner now expects that the restaurant operator will earn $3.72 per share for the year, up from their prior estimate of $3.70. Oppenheimer also issued estimates for Yum! Brands’ Q1 2019 earnings at $0.78 EPS and Q2 2019 earnings at $0.87 EPS.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings results on Wednesday, October 31st. The restaurant operator reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Yum! Brands had a net margin of 28.81% and a negative return on equity of 17.89%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 earnings per share.

A number of other research firms have also recently issued reports on YUM. Zacks Investment Research upgraded shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Monday, November 26th. Goldman Sachs Group cut shares of Yum! Brands from a “neutral” rating to a “sell” rating in a research note on Friday. KeyCorp assumed coverage on shares of Yum! Brands in a research note on Wednesday, October 3rd. They set a “sector weight” rating for the company. Robert W. Baird raised their target price on shares of Yum! Brands from $94.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Finally, BTIG Research raised their target price on shares of Yum! Brands from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $91.31.

Shares of YUM stock opened at $91.79 on Friday. The firm has a market capitalization of $28.56 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 1.89 and a beta of 0.70. Yum! Brands has a one year low of $75.88 and a one year high of $94.13.

In other Yum! Brands news, General Counsel Scott Catlett sold 745 shares of Yum! Brands stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $90.00, for a total value of $67,050.00. Following the completion of the sale, the general counsel now owns 5,188 shares in the company, valued at approximately $466,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Roger G. Eaton sold 44,823 shares of Yum! Brands stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $90.54, for a total transaction of $4,058,274.42. Following the completion of the sale, the chief executive officer now owns 160,726 shares of the company’s stock, valued at approximately $14,552,132.04. The disclosure for this sale can be found here. Insiders sold a total of 64,771 shares of company stock valued at $5,836,523 in the last quarter. Corporate insiders own 0.63% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Stock Yards Bank & Trust Co. increased its holdings in Yum! Brands by 3.1% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 20,082 shares of the restaurant operator’s stock valued at $1,826,000 after buying an additional 603 shares during the period. WINTON GROUP Ltd increased its holdings in Yum! Brands by 88.1% in the 2nd quarter. WINTON GROUP Ltd now owns 196,475 shares of the restaurant operator’s stock valued at $15,368,000 after buying an additional 92,002 shares during the period. Legacy Financial Advisors Inc. increased its holdings in Yum! Brands by 54.3% in the 3rd quarter. Legacy Financial Advisors Inc. now owns 2,057 shares of the restaurant operator’s stock valued at $187,000 after buying an additional 724 shares during the period. Rossmore Private Capital bought a new position in Yum! Brands in the 3rd quarter valued at about $391,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in Yum! Brands by 42.2% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 15,112 shares of the restaurant operator’s stock valued at $1,358,000 after buying an additional 4,485 shares during the period. Institutional investors and hedge funds own 70.78% of the company’s stock.

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

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