Company Update: Yum! Brands Inc (NYSE:YUM) – Yum! Brands Promotes David Gibbs to President and Chief Financial Officer

[Business Wire] – Yum! Brands, Inc. today announced the promotion of David Gibbs, 53, to President and Chief Financial Officer, reporting to Chief Executive Officer, Greg Creed, effective May 2, 2016. Read more on this. Yum! Brands, Inc. (YUM) , valued at $33.21B, started trading this morning at $81.75. Looking at today’s market, YUM one day range is $80.67 to $81.95 with a one year range of $64.58 to $95.90. YUM shares are currently priced at 22.48x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.09x forward p/e ratio. The company pays shareholders $1.84 per share in dividend income per year, for a current yield of 2.27%. Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $0.74 per share, which would be $0.05 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.65, which would be a $0.47 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.11 Billion. If reported, that would be a 0.32% increase over the year-ago quarter. In terms of ratings, Credit Agricole downgraded YUM from Outperform to Underperform (Apr 13, 2016). Previously, Longbow Initiated YUM at to Buy. The average price target for YUM shares is $86.00, which is 5.20% above where the stock opened this morning. See more in (NYSE:YUM) Similar Articles: Company Update (NYSE:YUM): Bob Walter to Become Non-Executive Chairman of Yum! Brands Effective May 20, 2016 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 Company Update: Yum! Brands Inc (NYSE:YUM) – Factors of Influence in Today’s Market – Analyst Notes on General Motors, AbbVie, Yum! Brands and Philip Morris International