Yum! Brands (YUM) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 94 from a previous price target of $90 . RBC Capital Mkts advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Yum! Brands. Yum! Brands was Downgraded by Credit Agricole to ” Underperform” on Apr 13, 2016. Company shares were Reiterated by Credit Suisse on Mar 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 82 from a previous price target of $76 .Longbow Initiated Yum! Brands on Mar 18, 2016 to “Buy”, Price Target of the shares are set at $95.
On the company’s financial health, Yum! Brands reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.83. The company had revenue of $2619.00 million for the quarter, compared to analysts expectations of $2655.41 million. The company’s revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.
Yum! Brands closed down -0.83 points or -1.01% at $81.7 with 1,33,17,797 shares getting traded on Wednesday. Post opening the session at $84.87, the shares hit an intraday low of $80.76 and an intraday high of $85.79 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 4, 2016, Roger G. Eaton (President KFC Global and COO) sold 18,574 shares at $82.65 per share price. According to the SEC, on Apr 4, 2016, Jonathan David Blum (SVP and Chief Public Affairs) sold 734 shares at $80.83 per share price. On Mar 2, 2016, David W Gibbs (CEO, Pizza Hut) sold 1,332 shares at $75.95 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.