Zacks Research Reduces Earnings Estimates for Yum! Brands

Yum! Brands, Inc. (NYSE:YUM - Free Report) - Zacks Research dropped their FY2024 EPS estimates for Yum! Brands in a report released on Tuesday, November 19th. Zacks Research analyst H. Ray now anticipates that the restaurant operator will post earnings per share of $5.46 for the year, down from their prior forecast of $5.58. The consensus estimate for Yum! Brands' current full-year earnings is $5.48 per share. Zacks Research also issued estimates for Yum! Brands' Q4 2024 earnings at $1.59 EPS, Q1 2025 earnings at $1.22 EPS, Q2 2025 earnings at $1.41 EPS, Q3 2025 earnings at $1.48 EPS, Q4 2025 earnings at $1.76 EPS, FY2025 earnings at $5.86 EPS, Q1 2026 earnings at $1.32 EPS, Q2 2026 earnings at $1.54 EPS, Q3 2026 earnings at $1.60 EPS and FY2026 earnings at $6.43 EPS.

YUM has been the subject of several other research reports. Loop Capital reduced their price target on shares of Yum! Brands from $143.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on Yum! Brands from $137.00 to $144.00 and gave the company a "neutral" rating in a report on Monday, September 16th. TD Cowen restated a "hold" rating and issued a $145.00 price target on shares of Yum! Brands in a research note on Wednesday, November 6th. Robert W. Baird boosted their price target on Yum! Brands from $150.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Finally, Bank of America dropped their price target on shares of Yum! Brands from $147.00 to $145.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 22nd. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $145.94.

Yum! Brands Stock Performance

Shares of NYSE YUM opened at $132.88 on Thursday. The firm has a 50 day moving average price of $134.40 and a 200 day moving average price of $134.50. The stock has a market cap of $37.08 billion, a P/E ratio of 24.84, a P/E/G ratio of 2.22 and a beta of 1.10. Yum! Brands has a 52-week low of $123.70 and a 52-week high of $143.20.

Yum! Brands (NYSE:YUM - Get Free Report) last issued its earnings results on Tuesday, November 5th. The restaurant operator reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.90 billion. Yum! Brands had a net margin of 21.13% and a negative return on equity of 18.93%. The business's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS.

Hedge Funds Weigh In On Yum! Brands

Several institutional investors have recently made changes to their positions in YUM. Crewe Advisors LLC bought a new position in Yum! Brands in the first quarter worth approximately $28,000. Safe Harbor Fiduciary LLC bought a new position in shares of Yum! Brands in the 3rd quarter worth $29,000. DiNuzzo Private Wealth Inc. grew its position in Yum! Brands by 957.1% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 222 shares of the restaurant operator's stock valued at $31,000 after purchasing an additional 201 shares during the period. Meeder Asset Management Inc. increased its stake in Yum! Brands by 43.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 270 shares of the restaurant operator's stock valued at $36,000 after purchasing an additional 82 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in Yum! Brands during the second quarter worth $37,000. Institutional investors and hedge funds own 82.37% of the company's stock.

Insiders Place Their Bets

In other news, CEO David W. Gibbs sold 7,059 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $135.94, for a total transaction of $959,600.46. Following the completion of the sale, the chief executive officer now owns 149,385 shares of the company's stock, valued at $20,307,396.90. This trade represents a 4.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 21,069 shares of company stock worth $2,842,965 over the last three months. Insiders own 0.31% of the company's stock.

About Yum! Brands

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.

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