$1.15 Billion in Sales Expected for Yum! Brands, Inc. (NYSE:YUM) This Quarter

Analysts predict that Yum! Brands, Inc. (NYSE:YUM) will report $1.15 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Yum! Brands’ earnings, with the lowest sales estimate coming in at $1.06 billion and the highest estimate coming in at $1.28 billion. Yum! Brands reported sales of $1.31 billion during the same quarter last year, which indicates a negative year over year growth rate of 12.2%. The firm is expected to announce its next earnings results on Thursday, August 6th.

On average, analysts expect that Yum! Brands will report full year sales of $5.40 billion for the current fiscal year, with estimates ranging from $5.08 billion to $5.71 billion. For the next year, analysts anticipate that the business will report sales of $6.14 billion, with estimates ranging from $5.78 billion to $6.41 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Yum! Brands.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Yum! Brands had a negative return on equity of 12.97% and a net margin of 19.89%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company posted $0.82 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year.

Several research analysts have issued reports on YUM shares. Goldman Sachs Group raised Yum! Brands to a “buy” rating in a report on Friday, May 15th. Cfra reduced their price objective on Yum! Brands from $110.00 to $94.00 and set a “hold” rating on the stock in a report on Thursday, April 30th. UBS Group reduced their price objective on Yum! Brands from $109.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Royal Bank of Canada reissued a “hold” rating and issued a $85.00 price target on shares of Yum! Brands in a research note on Wednesday, April 1st. Finally, Deutsche Bank reissued a “hold” rating and issued a $80.00 price target (up previously from $79.00) on shares of Yum! Brands in a research note on Monday, May 4th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $100.71.

NYSE:YUM traded up $2.19 during trading hours on Wednesday, hitting $90.24. 4,590,666 shares of the stock were exchanged, compared to its average volume of 2,686,288. The company’s 50 day moving average is $83.72 and its two-hundred day moving average is $92.20. Yum! Brands has a twelve month low of $54.95 and a twelve month high of $119.72. The company has a market capitalization of $26.26 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 2.53 and a beta of 0.95.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Thursday, May 28th. Yum! Brands’s dividend payout ratio (DPR) is presently 52.96%.

In other Yum! Brands news, CEO David W. Gibbs sold 5,424 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $84.39, for a total transaction of $457,731.36. Following the completion of the transaction, the chief executive officer now owns 80,335 shares in the company, valued at approximately $6,779,470.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David W. Gibbs sold 4,737 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $65.00, for a total value of $307,905.00. Following the transaction, the chief executive officer now owns 80,335 shares of the company’s stock, valued at approximately $5,221,775. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,421 shares of company stock valued at $1,123,093. Corporate insiders own 0.72% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Magellan Asset Management Ltd grew its holdings in shares of Yum! Brands by 28.1% in the 4th quarter. Magellan Asset Management Ltd now owns 20,434,152 shares of the restaurant operator’s stock valued at $2,058,332,000 after acquiring an additional 4,480,897 shares in the last quarter. State Street Corp grew its holdings in shares of Yum! Brands by 1.0% in the 4th quarter. State Street Corp now owns 14,381,056 shares of the restaurant operator’s stock valued at $1,448,604,000 after acquiring an additional 147,742 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Yum! Brands by 4.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 7,519,848 shares of the restaurant operator’s stock valued at $757,474,000 after acquiring an additional 289,290 shares in the last quarter. Sustainable Growth Advisers LP grew its holdings in shares of Yum! Brands by 1.9% in the 1st quarter. Sustainable Growth Advisers LP now owns 5,436,618 shares of the restaurant operator’s stock valued at $372,572,000 after acquiring an additional 103,849 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of Yum! Brands by 11.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 4,478,770 shares of the restaurant operator’s stock valued at $451,146,000 after acquiring an additional 445,041 shares in the last quarter. Institutional investors own 75.01% of the company’s stock.

Yum! Brands Company Profile

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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