Yum! Brands (YUM) is Upgraded by Credit Suisse to Outperform

Yum! Brands (YUM) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Oct 19, 2016.

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.

On the company’s financial health, Yum! Brands reported $1.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 5, 2016. Analyst had a consensus of $1.10. The company had revenue of $3316.00 million for the quarter, compared to analysts expectations of $3487.70 million. The company’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.

Yum! Brands closed down -0.19 points or -0.21% at $89.18 with 47,94,154 shares getting traded on Friday. Post opening the session at $89.84, the shares hit an intraday low of $89.18 and an intraday high of $90.05 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Oct 14, 2016, David W Gibbs (President, CFO) sold 14,487 shares at $89.92 per share price. According to the SEC, on Sep 6, 2016, Roger G. Eaton (CEO, KFC) sold 53,518 shares at $91.72 per share price. On Jul 25, 2016, David Eric Russell (Vice President, Controller) sold 5,213 shares at $90.00 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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