Company Update (NYSE:YUM): Bob Walter to Become Non-Executive Chairman of Yum! Brands Effective May 20, 2016

[Business Wire] – Yum! Brands, Inc. announced today that Robert D. Walter, 70, was appointed by the Yum! Brands Board to serve as Non-Executive Chairman of the Board following the Company’s May 20, 2016 Annual Meeting of Shareholders. Read more on this. Yum! Brands, Inc. (YUM) , with a current value of $31.34B, opened at $77.45. Looking at today’s market, YUM one day range is $76.63 to $77.77 and has traded between $64.58 and $95.90 over the past 12 months. YUM! (YUM) shares are currently priced at 22.05x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.26x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.84 per share annually in dividends, yielding 2.36%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $0.83 per share, which would be $0.03 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $3.54 which would be a $0.36 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.66 Billion. If reported, that would be a 1.53% increase over the year-ago quarter. Recently, Credit Suisse upgraded YUM from Underperform to Neutral (Oct 8, 2015). Previously, JP Morgan upgraded YUM from Neutral to Overweight. Given all the information above, we should disclose to readers that the average price target is $84.05, which is 8.52% above than it opened this morning. See more in (NYSE:YUM) Similar Articles: Market Update: Yum! Brands Inc (NYSE:YUM) – Yum! Brands, Inc. to Present at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum and the Bank of America Merrill Lynch 2016 Consumer & Retail Technology Conference Stock Update: Yum! Brands Inc (NYSE:YUM) – Yum Brands to keep up Russia expansion as consumers shun fine dining Market Update: Yum! Brands Inc (NYSE:YUM) – Yum! Brands Launches World Hunger Relief Effort with Global Spokesperson Christina Aguilera in New Public Service Announcement