Yum! Brands Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Yum! Brands, Inc. YUM is set to release earnings results for its second quarter, before the opening bell on Aug. 6, 2024.
Should You Bite Into Yum! Brands (YUM) Before Q2 Results?
Yum! Brands (YUM) benefits from robust same-store sales growth and expansion efforts.
Wall Street's Insights Into Key Metrics Ahead of Yum (YUM) Q2 Earnings
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Yum (YUM), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Hundreds of Taco Bell drive-thrus are set to be AI-run by the end of this year
Taco Bell's parent company is ramping up its implementation of drive-thru AI at the chain. Yum! Brands said Wednesday that hundreds of Taco Bells are set to have voice AI by the end of 2024.
Taco Bell Adding AI Voice Ordering to Hundreds of Drive-Thrus
Taco Bell will add AI voice technology to hundreds of its drive-thrus by year's end. It's part of parent Yum!
Taco Bell to roll out AI drive-thru ordering in hundreds of locations by end of year
Yum Brands said that hundreds of Taco Bell locations in the U.S. will use artificial intelligence in drive-thru lanes by the end of 2024. Restaurant companies like Wendy's and White Castle have been slowly implementing the tech to reduce labor costs and improve speed of service.
Yum Brands (YUM) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Yum (YUM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
How AI and automation will reshape grocery stores and fast-food chains
The food industry is leaning heavily into AI, investing billions of dollars to improve service and cut costs by implementing new automation technology.
Here's Why You Should Retain YUM! Brands (YUM) Stock Now
Yum! Brands (YUM) focuses on deploying proprietary digital and AI-powered platforms to drive growth. However, dismal comps and the Middle East conflict are a concern.
Panagora Asset Management Inc. Sells 206,194 Shares of Yum! Brands, Inc. (NYSE:YUM)
Panagora Asset Management Inc. trimmed its holdings in shares of Yum! Brands, Inc. (NYSE:YUM – Free Report) by 89.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,385 shares of the restaurant operator’s stock after selling 206,194 shares during the quarter. Panagora Asset Management Inc.’s holdings in Yum! Brands were worth $3,317,000 as of its most recent filing with the SEC. Other hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG lifted its position in Yum! Brands by 121.8% in the 3rd quarter. Deutsche Bank AG now owns 1,819,809 shares of the restaurant operator’s stock valued at $227,367,000 after acquiring an additional 999,443 shares in the last quarter. Barclays PLC grew its holdings in shares of Yum! Brands by 79.0% during the third quarter. Barclays PLC now owns 1,208,137 shares of the restaurant operator’s stock worth $150,945,000 after buying an additional 533,321 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Yum! Brands by 129.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 769,543 shares of the restaurant operator’s stock worth $96,147,000 after buying an additional 434,284 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Yum! Brands in the 3rd quarter valued at approximately $36,663,000. Finally, Sustainable Growth Advisers LP boosted its position in Yum! Brands by 3.8% during the 3rd quarter. Sustainable Growth Advisers LP now owns 5,766,650 shares of the restaurant operator’s stock worth $720,485,000 after acquiring an additional 210,238 shares during the last quarter. 82.37% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling In other Yum! Brands news, CEO David W. Gibbs sold 7,067 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $136.34, for a total transaction of $963,514.78. Following the sale, the chief executive officer now directly owns 175,377 shares in the company, valued at $23,910,900.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO David W. Gibbs sold 7,073 shares of the firm’s 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 sale, the chief executive officer now directly owns 168,879 shares of the company’s stock, valued at $23,160,066.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Gibbs sold 7,067 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $136.34, for a total value of $963,514.78. Following the transaction, the chief executive officer now directly owns 175,377 shares of the company’s stock, valued at approximately $23,910,900.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,527 shares of company stock worth $3,772,112. Company insiders own 0.31% of the company’s stock. Yum! Brands Stock Performance YUM stock opened at $141.66 on Monday. Yum! Brands, Inc. has a 52 week low of $115.53 and a 52 week high of $143.20. The company has a market capitalization of $39.90 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The company’s 50-day simple moving average is $138.05 and its 200 day simple moving average is $132.96. Yum! Brands (NYSE:YUM – Get Free Report) last announced its earnings results on Wednesday, May 1st. The restaurant operator reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.71 billion. Yum! Brands had a negative return on equity of 18.64% and a net margin of 22.92%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 EPS. On average, analysts forecast that Yum! Brands, Inc. will post 5.64 EPS for the current year. Yum! Brands declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 15th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the restaurant operator to buy up to 5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued. Yum! Brands Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, May 24th. Yum! Brands’s dividend payout ratio (DPR) is currently 47.52%. Analysts Set New Price Targets A number of analysts have recently commented on the stock. Barclays boosted their price objective on shares of Yum! Brands from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Citigroup lowered their target price on Yum! Brands from $166.00 to $162.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. TD Cowen restated a “buy” rating and issued a $160.00 price target on shares of Yum! Brands in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lowered their target price on shares of Yum! Brands from $134.00 to $132.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, Royal Bank of Canada cut their price target on shares of Yum! Brands from $145.00 to $141.00 and set a “sector perform” rating for the company in a research note on Friday, February 9th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $143.53. Check Out Our Latest Report on YUM Yum! Brands Profile (Free Report) 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.
