Yum! Brands (YUM) was Reiterated by UBS to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 97 from a previous price target of $95 . UBS advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Yum! Brands. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 94 from a previous price target of $90 .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 .
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.