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Yum! Brands, Inc. (NYSE:YUM) Expected to Post Quarterly Sales of $1.88 Billion

Saturday, November 6, 2021 | MarketBeat

Wall Street analysts forecast that Yum! Brands, Inc. (NYSE:YUM) will announce $1.88 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Yum! Brands' earnings, with the lowest sales estimate coming in at $1.85 billion and the highest estimate coming in at $1.91 billion. Yum! Brands posted sales of $1.74 billion in the same quarter last year, which suggests a positive year over year growth rate of 8%. The company is scheduled to report its next quarterly earnings results on Thursday, February 3rd.

On average, analysts expect that Yum! Brands will report full-year sales of $6.58 billion for the current financial year, with estimates ranging from $6.54 billion to $6.61 billion. For the next fiscal year, analysts forecast that the firm will post sales of $7.07 billion, with estimates ranging from $6.95 billion to $7.18 billion. Zacks' sales averages are a mean average based on a survey of sell-side research analysts that follow Yum! Brands.

Yum! Brands (NYSE:YUM) last posted its quarterly earnings data on Wednesday, October 27th. The restaurant operator reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. Yum! Brands had a negative return on equity of 17.76% and a net margin of 24.50%. The company had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same period in the prior year, the business earned $1.01 earnings per share. Yum! Brands's revenue for the quarter was up 10.9% compared to the same quarter last year.

YUM has been the subject of several research reports. Citigroup cut Yum! Brands from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 26th. MKM Partners raised Yum! Brands from a "neutral" rating to a "buy" rating and raised their target price for the stock from $142.00 to $145.00 in a research report on Thursday, October 28th. Deutsche Bank Aktiengesellschaft raised their target price on Yum! Brands from $113.00 to $142.00 and gave the stock a "buy" rating in a research report on Friday, July 30th. Wells Fargo & Company dropped their price objective on Yum! Brands from $147.00 to $144.00 and set an "overweight" rating for the company in a research note on Monday, October 18th. Finally, Cowen increased their price objective on Yum! Brands from $117.00 to $134.00 and gave the stock a "market perform" rating in a research note on Friday, July 30th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $129.85.

In other Yum! Brands news, CEO Anthony Lowings sold 4,114 shares of the firm's stock in a transaction dated Wednesday, August 11th. The stock was sold at an average price of $133.39, for a total transaction of $548,766.46. Following the transaction, the chief executive officer now owns 47,890 shares in the company, valued at $6,388,047.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David W. Gibbs sold 1,409 shares of the firm's stock in a transaction dated Friday, October 15th. The stock was sold at an average price of $126.19, for a total value of $177,801.71. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,426 shares of company stock worth $1,108,618. 0.37% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in YUM. Moors & Cabot Inc. lifted its holdings in shares of Yum! Brands by 222.8% during the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 17,255 shares in the last quarter. Baldrige Asset Management LLC bought a new position in shares of Yum! Brands during the 2nd quarter valued at about $26,000. Capital Directions Investment Advisors LLC bought a new position in shares of Yum! Brands during the 2nd quarter valued at about $29,000. Nvwm LLC bought a new position in shares of Yum! Brands during the 3rd quarter valued at about $29,000. Finally, Ellevest Inc. lifted its holdings in shares of Yum! Brands by 129.8% during the 3rd quarter. Ellevest Inc. now owns 278 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 157 shares in the last quarter. Institutional investors and hedge funds own 78.26% of the company's stock.

Shares of YUM stock opened at $126.68 on Friday. The stock has a market cap of $37.45 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. Yum! Brands has a one year low of $99.13 and a one year high of $135.77. The stock has a fifty day moving average price of $126.28 and a 200 day moving average price of $123.51.

The company also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 27th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.58%. The ex-dividend date was Thursday, August 26th. Yum! Brands's dividend payout ratio is 55.25%.

Yum! Brands Company Profile

Yum! Brands, Inc operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment comprises of all operations of the KFC concept.

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

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