Yum! Brands (YUM) announced its most recent quarterly financial results on Wednesday, Oct-5-2016. YUM reported $1.09 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $1.10. The company posted revenue of $3316.00 million in the period, compared to analysts expectations of $3487.70 million. YUM’s revenue was down -3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.
Many Wall Street Analysts have commented on Yum! Brands. RBC Capital Mkts Downgraded Yum! Brands on Sep 23, 2016 to ” Outperform”, Price Target of the shares are set at $97.
Yum! Brands closed down -0.64 points or -0.70% at $90.28 with 40,16,055 shares getting traded on Tuesday. Post opening the session at $91.18, the shares hit an intraday low of $90.23 and an intraday high of $91.9 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Investors should note that on Sep 26, 2016, Yum! Brands announced a cash dividend of $0.5100. The company’s management has announced Oct 17, 2016 as the ex-dividend date and fixed the record date on Oct 19, 2016. The payable date has been fixed on Nov 4, 2016.
In a different news, on Sep 6, 2016, Roger G. Eaton (CEO, KFC) sold 53,518 shares at $91.72 per share price. According to the SEC, on Jul 25, 2016, David Eric Russell (Vice President, Controller) sold 5,213 shares at $90.00 per share price. On Jul 25, 2016, Tracy L Skeans (Chief People Officer) sold 1,793 shares at $90.04 per share price, according to the Form-4 filing with the securities and exchange commission.
YUM! Brands Inc. (YUM) is engaged in restaurant business. YUM develops operates franchises and licenses a system of both traditional and non-traditional Quick Service Restaurants (QSR) which prepare package and sell a menu of food items. YUM operates in five segments: YUM China which includes all operations in mainland China; YUM India which includes all operations in India Bangladesh Nepal and Sri Lanka; The KFC Division which includes all operations of the KFC concept outside of China Division and India Division; The Pizza Hut Division which includes all operations of the Pizza Hut concept outside of China Division and India Division; and the Taco Bell Division which includes all operations of the Taco Bell concept outside of India Division. Its three Concepts focus on the chicken pizza and Mexican-style food categories. The Company operates approximately 41000 restaurants in approximately 125 countries and territories.