Brokerages expect Yum! Brands, Inc. (NYSE:YUM) to post sales of $1.61 billion for the current quarter, according to Zacks. Seven analysts have issued estimates for Yum! Brands’ earnings. The lowest sales estimate is $1.51 billion and the highest is $1.67 billion. Yum! Brands posted sales of $2.02 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 20.3%. The company is scheduled to issue its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Yum! Brands will report full-year sales of $1.61 billion for the current financial year, with estimates ranging from $5.81 billion to $5.97 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.78 billion per share, with estimates ranging from $4.45 billion to $5.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Yum! Brands.

Yum! Brands (NYSE:YUM) last released its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share.

A number of research firms have recently weighed in on YUM. Oppenheimer lifted their price target on Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, September 8th. Robert W. Baird reaffirmed a “hold” rating and set a $78.00 price target on shares of Yum! Brands in a report on Friday, September 8th. Jefferies Group lifted their price target on Yum! Brands from $66.00 to $75.00 and gave the company a “hold” rating in a report on Friday, November 3rd. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $80.00 price target on shares of Yum! Brands in a report on Monday, October 2nd. Finally, Mizuho set a $74.00 price target on Yum! Brands and gave the company a “hold” rating in a report on Wednesday, November 1st. Twelve analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $80.95.

In other Yum! Brands news, CEO Brian R. Niccol sold 927 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.46, for a total value of $77,367.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian R. Niccol sold 3,588 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $79.90, for a total value of $286,681.20. Following the completion of the transaction, the chief executive officer now directly owns 15,075 shares in the company, valued at approximately $1,204,492.50. The disclosure for this sale can be found here. Insiders sold 8,833 shares of company stock worth $711,907 in the last ninety days. 0.65% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Yum! Brands by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 22,604,873 shares of the restaurant operator’s stock worth $1,667,335,000 after purchasing an additional 711,910 shares in the last quarter. Magellan Asset Management Ltd grew its position in Yum! Brands by 2.0% during the 2nd quarter. Magellan Asset Management Ltd now owns 15,446,852 shares of the restaurant operator’s stock worth $1,139,360,000 after purchasing an additional 308,387 shares in the last quarter. Bank of New York Mellon Corp grew its position in Yum! Brands by 18.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,910,196 shares of the restaurant operator’s stock worth $582,270,000 after purchasing an additional 1,220,537 shares in the last quarter. FMR LLC grew its position in Yum! Brands by 9.2% during the 2nd quarter. FMR LLC now owns 3,011,009 shares of the restaurant operator’s stock worth $222,092,000 after purchasing an additional 254,573 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Yum! Brands by 5.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,405,149 shares of the restaurant operator’s stock worth $177,414,000 after purchasing an additional 133,158 shares in the last quarter. 73.68% of the stock is currently owned by institutional investors.

Yum! Brands (NYSE:YUM) traded up $0.81 on Tuesday, hitting $83.11. The stock had a trading volume of 1,780,600 shares, compared to its average volume of 2,203,691. The company has a market capitalization of $27,734.58, a PE ratio of 29.39, a PEG ratio of 2.30 and a beta of 0.89. The company has a debt-to-equity ratio of -1.55, a quick ratio of 1.41 and a current ratio of 1.42. Yum! Brands has a 52 week low of $62.36 and a 52 week high of $84.29.

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th were issued a $0.30 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.44%. Yum! Brands’s dividend payout ratio is currently 37.04%.

Yum! Brands declared that its board has initiated a stock buyback plan on Friday, November 17th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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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.

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

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