Revenue Update on Yum! Brands(NYSE:YUM)

Yum! Brands(NYSE:YUM) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Oct 5, 2016. Company reported revenue of $3.32B. Analysts estimated a revenue of $3.49B. Earnings per share were $1.09. Analysts had estimated an EPS of $1.10.

In a different note, On Sep 30, 2016, Deutsche Bank 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 ‘Hold’ by the firm. On Sep 28, 2016, Credit Suisse 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 Sep 28, 2016, Morgan Stanley said it Maintains its rating on Yum! Brands. In the research note, the firm Raises the price-target to $86.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Sep 23, 2016, RBC Capital said it Downgrades its rating on Yum! Brands. The shares have been rated ‘Outperform’ by the firm. 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.

Yum! Brands (YUM) shares turned negative on Fridays trading session with the shares closing down -0.19 points or -0.21% at a volume of 47,94,154. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $90.05. The peak price level was also seen at $90.05 while the days lowest was $89.18. Finally the shares closed at $89.18. The 52-week high of the shares is $91.99 while the 52-week low is $64.58. According to the latest information available, the market cap of the company is $32,730 M.

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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