Yum! Brands' (YUM) Sum-of-the-Parts Value is $74/Share, Says Deutsche Bank

RBC Capital Raises Price Target to Account for Yum! Brands (YUM) New Outlook

October 21, 2015 7:37 AM EDT

RBC Capital reiterated a Top Pick rating on Yum! Brands (NYSE: YUM), and raised the price target to $87.00 (from $80.00), to account for the company's new outlook.

Analyst David Palmer commented, "We are raising our price target to reflect the value creation... More

Yum! Brands (YUM) China Separation Seen as 'Positive Event' - RBC Capital

October 20, 2015 8:19 AM EDT

RBC Capital analyst David Palmer provided some initial thoughts on Yum! Brands (NYSE: YUM) after the company announced plans to split itself into two separate and publicly-traded entities: 1) Yum China, and 2) Yum Brands. While in-line with expectations, the analyst views the move as... More

Yum Brands to separate China unit amid activist pressure

October 20, 2015 7:10 AM EDT

By Lisa Baertlein and Sruthi Ramakrishnan

(Reuters) - KFC owner Yum Brands Inc (NYSE: YUM) said it plans to spin off its dominant China business, which has been besieged by food scandals and marketing missteps, amid pressure from an activist shareholder who recently joined its board of directors.

Shares of the parent company of the KFC, Pizza Hut and Taco Bell chains rose about 5 percent to $75.22 in early trading, before retreating to $73.55 in the afternoon.

Yum's move on Tuesday is the latest sign of activist hedge funds' strengthening grip over Corporate America.

... More

Yum! Brands (YUM) to Separate Into Two Publicly Traded Companies

October 20, 2015 7:02 AM EDT

Yum! Brands, Inc. (NYSE: YUM) today announced that it intends to separate into two independent, publicly-traded companies, each with compelling and distinct strategies and investment characteristics. The transaction will create two powerful, best-in-class companies, each with a separate strategic... More