Yum! Brands (YUM) Releases FY 2019 Earnings Guidance
Yum! Brands (NYSE:YUM) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.75 for the period, compared to the Thomson Reuters consensus estimate of $3.81.
Shares of YUM opened at $94.59 on Thursday. Yum! Brands has a 12-month low of $75.88 and a 12-month high of $95.45. The firm has a market cap of $29.49 billion, a PE ratio of 31.96, a PEG ratio of 1.95 and a beta of 0.60.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Thursday, February 14th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Wednesday, February 13th. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.36. Yum! Brands’s dividend payout ratio is 48.65%.
In other Yum! Brands news, CEO Anthony Lowings sold 2,889 shares of the stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $89.93, for a total value of $259,807.77. Following the completion of the sale, the chief executive officer now directly owns 36,497 shares in the company, valued at $3,282,175.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David W. Gibbs sold 6,391 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $88.22, for a total value of $563,814.02. Following the completion of the sale, the chief financial officer now owns 39,380 shares of the company’s stock, valued at $3,474,103.60. The disclosure for this sale can be found here. Insiders sold 22,881 shares of company stock valued at $2,055,127 over the last 90 days. Corporate insiders own 0.63% of the company’s stock.
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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.
Further Reading: What is the Ex-Dividend Date in Investing?
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