RBC Capital Downgrades Yum! Brands to Outperform

Brokerage firm RBC Capital Downgrades its rating on Yum! Brands(NYSE:YUM). The shares have been rated Outperform. Previously, the analysts had a Top Pick rating on the shares. The rating by RBC Capital was issued on Sep 23, 2016.

In a different note, On Sep 9, 2016, Citigroup said it Maintains its rating on Yum! Brands. In the research note, the firm Raises the price-target to $88.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 15, 2016, Barclays said it Maintains its rating on Yum! Brands. In the research note, the firm Raises the price-target to $83.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 14, 2016, JP Morgan said it Maintains its rating on Yum! Brands. In the research note, the firm Raises the price-target to $90.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 14, 2016, Credit Suisse said it Maintains its rating on Yum! Brands. The shares have been rated ‘Neutral’ by the firm. On Jul 14, 2016, Morgan Stanley said it Maintains its rating on Yum! Brands. The shares have been rated ‘In-line’ by the firm. On Jul 14, 2016, BTIG Research said it Maintains its rating on Yum! Brands. The shares have been rated ‘Neutral’ by the firm.

Yum! Brands (YUM) made into the market gainers list on Tuesdays trading session with the shares advancing 0.38% or 0.34 points. Due to strong positive momentum, the stock ended at $89.86, which is also near the day’s high of $90.31. The stock began the session at $89.76 and the volume stood at 33,36,222 shares. The 52-week high of the shares is $91.99 and the 52 week low is $64.58. The company has a current market capitalization of $35,035 M and it has 38,98,87,080 shares in outstanding.

Yum! Brands has also declared a cash dividend of $0.5100 on Sep 26, 2016. The shares will quote ex-dividend on Oct 17, 2016 and the record date has been fixed on Oct 19, 2016. The dividend payable date has been fixed on Nov 4, 2016.

Yum! Brands(YUM) last announced its earnings results on Jul 13, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.01B. Analysts had an estimated revenue of $3.08B. Earnings per share were $0.75. Analysts had estimated an EPS of $0.74.

Several Insider Transactions has been reported to the SEC. On Sep 6, 2016, Roger G. Eaton (CEO, KFC) sold 53,518 shares at $91.72 per share price.Also, 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.

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