Friday, 23 February, 2018

KFC owner beats on earnings, will partner with GrubHub on delivery

Taco Bell Value Menu Soon you could have the Taco Bell value menu delivered to your doorstep Hollis Johnson Business Insider
Nellie Chapman | 09 February, 2018, 05:45

Brands has a consensus rating of "Buy" and an average price target of $81.95. The biggest holder now is Mr. Kenneth G Langone who owns 659,562 shares (0.20% of those outstanding), whilst Allan Graham D holds 583,027 (0.17% of shares outstanding) and Mr. David C Novak holds 303,834 (0.09% of shares outstanding). Over the past five trading sessions it is -5.83%; 2.58% for the month; 10.12% for the last quarter; -7.97% for the past six-months; and -14.95% for the last 12 months. One Trading LP accumulated 3,451 shares. Globalstar, Inc. (NYSEMKT:GSAT) has declined 10.04% since February 8, 2017 and is downtrending. It has underperformed by 1.58% the S&P500.

Yum Brands began testing delivery through Grubhub last month in a few cities, including Indianapolis; Omaha, Nebraska; and Louisville, Kentucky, where Yum Brands is based. Johnson Invest Counsel holds 0.02% or 11,997 shares.

IBD'S TAKE: Buying or holding a stock can be risky heading into an earnings report. It opened the session with a $74.66 price tag, later ranging from $72.89 to $75.66, the range at which the stock has traded at throughout the day. "I am very pleased to hand over the reins to Joey Wat as our new CEO from March 1; she has demonstrated an excellent track record and is the right person leading Yum China as we head into 2018, with challenging sales and profit laps particularly in the first half of the year". The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/02/08/yum-brands-inc-yum-holdings-decreased-by-cibc-asset-management-inc.html. It has outperformed by 5.00% the S&P500.

Investors sentiment increased to 0.99 in 2017 Q3. Its down 0.10, from 1.05 in 2017Q2. Edward Jones raised Yum! Analyst rating score as published on FINVIZ are rated on a 1 to 5 scale.

The deal does not preclude Grubhub from partnering with Yum competitors, they said. Horan Capital Lc has 145 shares for 0.01% of their portfolio. The stock stands almost -16.63% off versus the 52-week high and 11.59% away from the 52-week low. Thompson Davis And Inc has 0.07% invested in Yum! Zacks Investment Research downgraded Yum! Charter Tru reported 2,986 shares. A value between 0 and 30 is considered oversold; hence the trader should look at buying opportunities.

Yum said that by the end of 2017, it had become 97% franchised and expects to grow to 98% franchised by the end of this year. Morgan Stanley increased its position in shares of Yum! 4,771 were accumulated by Davis R M Inc. Unlike numerous others, GrubHub operates its business profitably and at a large scale; the company is now valued at almost $8 billion. Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, October 24th. Therefore 39% are positive. YUM! The consensus recommendation provided by analysts is now 1.90. Jefferies has "Hold" rating and $75.0 target. Brands from $85.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, November 3rd. Deutsche Bank maintained Redwood Trust, Inc.

GrubHub Inc shares surged 36 percent on Thursday after Yum Brands Inc bought a 3 percent stake in the online food delivery company, giving it funds and an established partner to compete with Amazon and Uber. Instinet restated a "buy" rating and set a $78.00 price objective on shares of Yum! Brands stock in a transaction dated Friday, December 1st. The firm has "Buy" rating given on Monday, October 16 by Cowen & Co. It also increased its holding in Dell Technologies Inc by 283,553 shares in the quarter, for a total of 901,761 shares, and has risen its stake in Planet Fitness Inc. Without volume, it becomes more hard to buy or sell securities when you want to, and at the price you want. The Street was looking for a 2.8% increase in same-store sales from Taco Bell. Its up 0.59, from 1.5 in 2017Q2. Dynamic Solutions Limited Liability accumulated 20,145 shares. 196.05 million shares or 0.97% more from 194.17 million shares in 2017Q2 were reported. Manufacturers Life Ins The has 374,863 shares. LLC now owns 1,132,652 shares of the restaurant operator's stock worth $83,375,000 after buying an additional 371,768 shares during the period. (NYSEAMERICAN:GSAT) for 36.39 million shares. After $0.68 actual EPS reported by Yum!