Yum! Brands (YUM) to Release Quarterly Earnings on Tuesday

Yum! Brands (NYSE:YUM) will post its quarterly earnings results before the market opens on Tuesday, August 6th. Analysts expect Yum! Brands to post earnings of $1.33 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Yum! Brands Stock Up 0.5 %

YUM stock opened at $135.18 on Monday. Yum! Brands has a 52 week low of $115.53 and a 52 week high of $143.20. The company has a market cap of $38.07 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 2.04 and a beta of 1.07. The business has a fifty day simple moving average of $132.89 and a 200-day simple moving average of $135.07.

Yum! Brands declared that its board has authorized a stock repurchase plan on Wednesday, May 15th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Yum! Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.67 per share. The ex-dividend date was Friday, May 24th. This represents a $2.68 annualized dividend and a yield of 1.98%. Yum! Brands’s dividend payout ratio is presently 47.52%.

Analyst Ratings Changes

Several research analysts recently commented on YUM shares. Barclays raised their price target on shares of Yum! Brands from $144.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Stifel Nicolaus reduced their target price on shares of Yum! Brands from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. JPMorgan Chase & Co. increased their price target on Yum! Brands from $132.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. BMO Capital Markets upped their target price on Yum! Brands from $133.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Finally, TD Cowen reiterated a “buy” rating and issued a $156.00 target price on shares of Yum! Brands in a research note on Thursday, June 13th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.13.

Insider Activity at Yum! Brands

In other Yum! Brands news, insider Scott Catlett sold 5,994 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $141.50, for a total transaction of $848,151.00. Following the completion of the transaction, the insider now directly owns 34,889 shares of the company’s stock, valued at approximately $4,936,793.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Scott Catlett sold 5,994 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $141.50, for a total transaction of $848,151.00. Following the transaction, the insider now owns 34,889 shares of the company’s stock, valued at $4,936,793.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Gibbs sold 7,073 shares of Yum! Brands stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $137.14, for a total value of $969,991.22. Following the completion of the transaction, the chief executive officer now owns 168,879 shares of the company’s stock, valued at $23,160,066.06. The disclosure for this sale can be found here. Insiders have sold 27,089 shares of company stock valued at $3,693,505 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Yum! Brands Company Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.