Yum! Brands, Inc. (NYSE:YUM – Get Rating) – Oppenheimer has cut its fourth quarter 2022 EPS estimates for Yum! Brands in a research note delivered to investors on Wednesday, August 3. Oppenheimer analyst B. Bittner now expects the restaurateur to post earnings per share of $1.28 for the quarter, down from his previous forecast of $1.33. The consensus estimate for Yum! Brands’ current annual earnings are $4.60 per share. Oppenheimer also released estimates for Yum! Brands FY2023 earnings at $5.43 EPS.
Other research analysts have also published research reports on the stock. Citigroup lowered its price target on shares of Yum! Marks $148.00-$145.00 in a research note on Thursday, July 21. The Goldman Sachs group raised shares of Yum! The brands moved from a “sell” rating to a “buy” rating and raised their price target for the business from $125.00 to $135.00 in a Monday, July 18 research note. Credit Suisse Group has lowered its price target on shares of Yum! Marks $137.00-$130.00 in a research note from Thursday, May 5. Deutsche Bank Aktiengesellschaft has reduced its price target on shares of Yum! Marks $142.00-$136.00 in a research note from Thursday, May 5. Finally, Morgan Stanley lowered its price target on shares of Yum! Marks $146.00 to $142.00 and set an “overweight” rating for the company in a Monday July 18 research note. Five equity research analysts gave the stock a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, Yum! The brands currently have a consensus rating of “Moderate Buy” and an average target price of $137.46.
Yum! Performance of brand actions
NYSE YUM opened at $118.42 on Friday. The company has a 50-day simple moving average of $116.99 and a 200-day simple moving average of $118.61. Yum! Brands has a 1-year low of $108.37 and a 1-year high of $139.85. The company has a market capitalization of $33.77 billion, a price-earnings ratio of 23.73, a PEG ratio of 2.22 and a beta of 1.01.
Yum! Brands (NYSE:YUM – Get Rating) last released its quarterly earnings data on Wednesday, August 3. The restaurateur reported EPS of $1.05 for the quarter, missing the consensus estimate of $1.08 per ($0.03). Yum! The brands had a net margin of 22.17% and a negative return on equity of 15.45%. In the same quarter a year earlier, the company posted earnings per share of $1.16.
Yum! Brands announces dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10. Shareholders of record on Monday, May 30 received a dividend of $0.57 per share. The ex-dividend date was Thursday, May 26. This represents a dividend of $2.28 on an annualized basis and a yield of 1.93%. Yum! The brand distribution rate is currently 45.69%.
Institutional trading of Yum! Brands
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. CVA Family Office LLC increased its equity stake in Yum! Marks of 43.6% in the 1st quarter. CVA Family Office LLC now owns 280 shares of the restaurateur valued at $33,000 after acquiring 85 additional shares during the period. Waldron Private Wealth LLC increased its stock holdings of Yum! Marks of 4.2% in the 2nd quarter. Waldron Private Wealth LLC now owns 2,117 shares of the restaurateur valued at $240,000 after acquiring 85 additional shares during the period. Glassman Wealth Services increased its stock holdings of Yum! Marks 20.4% in the 2nd quarter. Glassman Wealth Services now owns 513 shares of the restaurateur valued at $58,000 after acquiring 87 additional shares during the period. Steward Financial Group LLC increased its stock holdings of Yum! Marks of 7.9% in the 2nd quarter. Steward Financial Group LLC now owns 1,199 shares of the restaurateur valued at $136,000 after acquiring 88 additional shares during the period. Finally, Quadrant Capital Group LLC increased its equity stake in Yum! Marks 8.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,114 shares of the restaurateur valued at $155,000 after acquiring 89 additional shares during the period. Institutional investors and hedge funds hold 79.23% of the company’s shares.
About Yum! Brands
(Get a rating)
YUM! Brands, Inc., together with its subsidiaries, develops, operates and franchises quick service restaurants worldwide. It operates through four segments: KFC Division, Taco Bell Division, Pizza Hut Division and Habit Burger Grill Division. The Company operates restaurants under the KFC, Pizza Hut, Taco Bell and The Habit Burger Grill brands, which specialize in chicken, pizza, grilled-to-order burgers, sandwiches, Mexican-style food categories and diners. other food products.
Get news and reviews for Yum! Daily Brands – Enter your email address below to receive a concise daily summary of the latest news and analyst notes for Yum! Brands and related companies with MarketBeat.com’s FREE daily email newsletter.