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Yum! Brands Inc (YUM.N)

YUM.N on New York Stock Exchange

71.01USD
22 May 2017
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Latest Key Developments (Source: Significant Developments)

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

Collins Foods says unit acquires 16 KFC restaurants in Netherlands
Wednesday, 22 Mar 2017 06:22pm EDT 

Collins Foods Ltd : Acquisition of KFC restaurants in the Netherlands . Unit has entered into a binding agreement to acquire 16 KFC restaurants located in Netherlands from subsidiaries of Yum! Brands . Deal for consideration of EUR 62.3 million . Acquisition and associated equity raising costs will be funded via a fully underwritten A$54.5 million placement . Mark Van 't Loo has been appointed as CEO Europe . Acquisition is expected to be mid single digit EPS accretive for Collins Foods shareholders in first full financial year of ownership . For period ending 30 sept 2016, Netherlands acquisition generated revenue of EUR 46.6 million and EBITDA of EUR 7.3 million on a pro forma basis .Development agreement was entered into with unit of Yum! for roll-out of more than 20 new KFC Restaurants by Collins Foods in Netherlands by 31 Dec 2021.  Full Article

Kevin Hochman promoted to chief concept officer of KFC U.S.
Tuesday, 21 Mar 2017 09:15am EDT 

Yum! Brands Inc : Kevin Hochman promoted to president and chief concept officer of KFC U.S. .Yum Brands-promoted Kevin Hochman to president and chief concept officer of KFC U.S., reporting to Roger Eaton, chief executive officer of KFC Global.  Full Article

Restaurant Brands New Zealand completes acquisition of Pacific Island Restaurants; announces new company structure
Tuesday, 7 Mar 2017 03:41pm EST 

Restaurant Brands New Zealand Ltd : Board has approved a change in company's structure with effect from 1 March 2017 . Says has completed acquisition of Pacific Island Restaurants . Ian Letele has been appointed country CEO of New Zealand division . Ian letele will be supported by herman pretorius as NZ CFO . Co will comprise and report to shareholders on basis of three geographically separate operating divisions . Hawaiian operations will have Kevin Kurihara as country CEO and Brent Matsumoto as CFO .Australian business will continue to be headed up by Adrian Holness as country CEO and Ashley Jones as CFO.  Full Article

Restaurant Brands New Zealand says YUM! approves Pacific Island Restaurants acquisition
Thursday, 2 Mar 2017 05:19pm EST 

Restaurant Brands New Zealand Ltd - : YUM! approves acquisition of Pacific Island Restaurants Inc . Received approval from YUM! (subject to payment of all fees on settlement) to proceed with transaction . Settlement is expected to occur within next two weeks. . "NPAT (excluding non-trading) will be at lower end of previously announced $30-32 million guidance" ."Delay in settlement means that there was no contribution from Hawaiian Operations in FY ended 27 February 2017".  Full Article

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BRIEF-Yum Brands Inc declares quarterly dividend of $0.30/shr

* Yum Brands Inc declares quarterly dividend of $0.30 per share