Yum! Brands (YUM) is Downgraded by RBC Capital Mkts to Outperform, Price Target at $97

Yum! Brands (YUM) was Downgraded by RBC Capital Mkts to ” Outperform” and the brokerage firm has set the Price Target at $97. Earlier the firm had a rating of “Top Pick ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Sep 23, 2016.

On the company’s financial health, Yum! Brands reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 13, 2016. Analyst had a consensus of $0.74. The company had revenue of $3008.00 million for the quarter, compared to analysts expectations of $3092.13 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Yum! Brands opened for trading at $90.27 and hit $90.82 on the upside on Thursday, eventually ending the session at $90.47, with a gain of 0.94% or 0.84 points. The heightened volatility saw the trading volume jump to 17,68,429 shares. Company has a market cap of $35,273 M.

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.

Yum! Brands

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