Ultra-low interest rates have boosted global stocks in recent years.
Advertisement
Yum Brands Inc’s all-important China division took a hit this summer as businesses there pulled back on parties and events at its upscale Pizza Hut Casual Dining chain amid volatility in financial markets and cooling economic growth. The company had a trading volume of 8,567,928 shares. The 52-week high of the share price is $95.9 and the company has a market cap of $35,812 million.
The firm has a 50-day moving average price of $80.51 and a 200-day moving average price of $85.64.
Joining the parade of third-quarter earnings announcements Tuesday are two companies that used to be one.
The company posted $1.00 in earnings per share (EPS) on $3.43 billion in revenue, compared to the Thomson Reuters consensus estimates that called for $1.07 in EPS on revenue of $3.68 billion.
For the third quarter ended September 5, Yum! had net income of $421 million, equal to 97c per share on the common stock, up 4% from $404 million, or 91c per share, for the prior-year period. Equities research analysts predict that Yum!
Yum! Brands, Inc. (NYSE:YUM), have shown a high EPS growth of 0.90% in the last 5 years. In the last quarter it accounted for more than one-half of the company’s operating profit. Shareholders of record on Friday, October 16th will be given a $0.46 dividend. Brands in a research report on Wednesday. Brands in a research note on Tuesday, August 11th. Nomura fixed their price target at $106. They set a “buy” rating and a $106.00 target price on the stock. The separation and leverage opportunity points to an estimated value per share of $84 in the base case. Brands in a report on Wednesday, July 15th.
– Global stock markets rose Wednesday, taking in stride the IMF’s lower global growth forecast, as oil prices extended a rebound. Brands in a report on Friday, September 18th. Brands has a consensus rating of “Hold” and a consensus target price of $91.24. $370M has been spent year-to-date in FY15 to repurchase 4.5M shares at an average price of $82. Following the completion of the transaction, the senior vice president now owns 22,131 shares of the company’s stock, valued at $1,719,136.08. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Advertisement
According to data compiled by Thomson Reuters, Yum Brands (NYSE:YUM)’s stock is covered by 18 equity analysts across the Street, with 2 analysts giving it a Sell rating, 9 a Buy rating, while 13 consider it a Hold. YUM develops, manages, 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 runs 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 contains all operations of the KFC concept outside of China Division and India Office; The Pizza Hut Division, which includes all operations of the Pizza Hut theory outside of China Division and India Division; and the Taco Bell Division, which includes all operations of the Taco Bell theory outside of India Department.
