Edition:
United States

Yum! Brands Inc (YUM.N)

YUM.N on New York Stock Exchange

74.82USD
23 Jun 2017
Change (% chg)

$0.28 (+0.38%)
Prev Close
$74.54
Open
$74.83
Day's High
$75.35
Day's Low
$74.69
Volume
1,109,875
Avg. Vol
806,058
52-wk High
$91.99
52-wk Low
$59.57

Latest Key Developments (Source: Significant Developments)

Yum! Brands Inc announces pricing of notes offering
Monday, 12 Jun 2017 05:30pm EDT 

June 12 (Reuters) - Yum! Brands Inc : :Yum! Brands Inc announces pricing of notes offering.yum! Brands Inc announces pricing of notes offering.Yum Brands says aggregate principal amount of notes to be issued in offering was increased to $750 million from previously announced $500 million.Yum Brands - notes will be sold to investors at par.Yum Brands - units have priced notes offering and have agreed to issue and sell $750 million aggregate principal amount of 4.75pct senior notes due 2027.Yum Brands - subsidiaries priced previously announced notes offering,agreed to sell $750 million aggregate principal amount of 4.75pct senior notes due 2027.Yum Brands - closing of notes offering is scheduled to occur on June 15, 2017, subject to customary closing conditions.  Full Article

Yum Brands announces proposed notes offering
Monday, 12 Jun 2017 07:40am EDT 

June 12 (Reuters) - Yum Brands Inc ::Yum! Brands Inc announces proposed notes offering.Yum Brands - units KFC holding, Pizza Hut holding, Taco Bell Of America, commenced offering of $500 million of senior notes due 2027​.Yum Brands - net proceeds will be used to pay fees and expenses of offering, to repay outstanding amounts under issuers' revolving credit facility.Yum Brands - remainder of net proceeds to be used to make cash distribution to co to fund share repurchases, dividends and/or repayment of indebtedness.  Full Article

Yum Brands says certain units entered refinancing amendment - SEC filing
Thursday, 8 Jun 2017 06:07pm EDT 

June 8 (Reuters) - Yum! Brands Inc ::On June 7 Pizza Hut Holdings, KFC Holding, Taco Bell Of America entered into a refinancing amendment - SEC filing.Amendment reduces interest rate applicable to term a loan and for borrowings under revolving facility by 0.75% to adjusted LIBOR plus 1.50%.Under amendment company repriced its existing approximately $500 million term loan a facility and $1 billion revolving facility.Maturity date for the term A loan and the revolving facility has been extended to June 7, 2022 pursuant to the amendment.  Full Article

Taco Bell plans to reach $15 bln in global system sales by 2022
Thursday, 25 May 2017 05:00pm EDT 

May 25 (Reuters) - Yum! Brands Inc :Taco bell outlines restaurant growth plan to reach $15 billion in global system sales by 2022.Taco bell corp says will focus its "growth" in brazil, canada, china and india, targeting at least 100 restaurants in each market.Taco bell - ‍by 2022, expects at least 300 of new locations to be urban inline restaurants in markets with "great growth potential​".Taco bell corp says plans to grow approximately 9,000 restaurants globally in next five years.  Full Article

Yum Brands Inc declares quarterly dividend of $0.30/shr
Friday, 19 May 2017 04:15pm EDT 

May 19 (Reuters) - Yum Brands Inc :Yum Brands Inc declares quarterly dividend of $0.30 per share."Over long term, Yum targets a payout ratio of 45%-50% of annual net income, before special items".  Full Article

Pizza Hut Canada enters into development arrangement with Franchise Management
Thursday, 18 May 2017 08:00am EDT 

May 18 (Reuters) - Yum! Brands Inc :Pizza Hut Canada - entered into a development arrangement with Franchise Management Inc..Pizza Hut Canada - FMI has agreed to purchase 38 existing Pizza Hut restaurants in Quebec and Greater Ottawa/Kingston region in the next 5 years.Pizza Hut Canada - FMI also agreed to add new DELCO (delivery/carry out) model stores in eastern Canada over coming five years.  Full Article

Jana Partners LLC takes sole share stake in Dow Chemical, ups sole stake in Cognizant
Monday, 15 May 2017 05:36pm EDT 

May 15 (Reuters) - Jana Partners LLC :Jana Partners LLC takes sole share stake in Dow Chemical Co of 3.55 million shares- sec filing.Jana Partners LLC dissolves sole share stake in Yum Brands.Jana Partners LLC cuts sole share stake in Salesforce.Com Inc by 43.8 percent to 1.8 million shares.Jana Partners LLC raises sole share stake in Cognizant Technology Solutions by 82.4% to 2.63 million class a shares.Jana Partners LLC - change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec 31, 2016.  Full Article

Yum Brands q1 earnings per share $0.65 excluding items
Wednesday, 3 May 2017 07:00am EDT 

May 3 (Reuters) - Yum! Brands Inc ::Qtrly total revenue $1,417 million versus $1,443 million.Yum! Brands reports first-quarter GAAP operating profit growth of 39%; delivers first-quarter core operating profit growth of 9%; maintains full-year core operating profit growth guidance.Qtrly worldwide system sales grew 5% driven by 2% same-store sales growth and 3% net-unit growth.Q1 earnings per share $0.65 excluding items.Q1 gaap earnings per share $0.77.Q1 earnings per share view $0.60 -- Thomson Reuters I/B/E/S.Maintains full-year core operating profit growth guidance.Q1 revenue view $1.35 billion -- Thomson Reuters I/B/E/S.As of quarter end, there was approximately $1.5 billion remaining in share repurchase authorization through year end 2017.  Full Article

Yum! Brands declares quarterly dividend of $0.30 per share
Friday, 24 Mar 2017 04:15pm EDT 

Yum! Brands Inc : Yum! Brands, Inc. declares quarterly dividend of $0.30 per share .Yum Brands - Over long term, Yum! targets a payout ratio of 45%-50% of annual net income, before special items.  Full Article

Yum! Brands says Pizza Hut Holdings, KFC Holding, Taco Bell Of America enters refinancing amendment to credit agreement
Thursday, 23 Mar 2017 04:36pm EDT 

Yum! Brands Inc - : On March 21, Pizza Hut Holdings, LLC, KFC Holding Co, Taco Bell of America, LLC entered refinancing amendment to credit agreement . Pursuant to agreement company repriced its existing approximately $2.0 billion term loan B facility - SEC filing . Amendment reduces interest rate applicable to term B loan by 0.75% to adjusted LIBOR plus 2.00% .Maturity date for term B loan remains June 16, 2023.  Full Article

More From Around the Web

BRIEF-Yum Brands announces proposed notes offering

* Yum Brands - units KFC holding, Pizza Hut holding, Taco Bell Of America, commenced offering of $500 million of senior notes due 2027​