Yum! Brands, Inc. (YUM) announced its quarterly results on Wednesday. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.05. The company’s quarterly revenue was up 9.4% on a year-over-year basis.
On a related note, analysts at Goldman Sachs (NYSE: GS) downgraded shares of Yum! Brands, Inc. from a "neutral" rating to a "sell" rating in a research note to investors on Thursday, July 7th. Also, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Yum! Brands, Inc. in a research note to investors on Friday, April 29th.
Shares of Yum! Brands, Inc. (YUM) traded up 1.09% during mid-day trading on Wednesday, hitting $55.58. Yum! Brands, Inc. (YUM) has a 52 week low of $38.25 and a 52 week high of $56.98. The stock's 50-day moving average is $54.8 and its 200-day moving average is $51.85. The company has a market cap of $25.876 billion and a price-to-earnings ratio of 22.72.
YUM! Brands, Inc. (YUM) is a quick service restaurant (QSR) with over approximately 37,000 units in more than 110 countries and territories. Through the five concepts of KFC, Pizza Hut, Taco Bell, LJS and A&W (the Concepts), the Company develops, operates, franchises and licenses a worldwide system of restaurants, which prepare, package and sell a menu of food items. In addition, the Company owns non-controlling interests in entities in China who operate similar to franchisees of KFC and a non-controlling interest in Little Sheep, a Hot Pot concept. YUM operates in six segments: KFC-U.S., Pizza Hut-U.S., Taco Bell-U.S., Long John Silver’s (LJS)-U.S. and A&W All American Food Restaurants (A&W)-U.S., YUM Restaurants International (YRI or International Division), and YUM Restaurants China (China Division). On May 4, 2009, it acquired an additional 7% interest in the entity that operates more than 200 KFCs in Shanghai, China.
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