Yum Brands NYSE:YUM Board Approves Additional $1-B of Stock Repurchases
Yum Brands NYSE:YUM Board Approves Additional $1-B of Stock Repurchases
Yum Brands Inc.’s board authorized the repurchase of up to an additional $1-B of stock as the fast-food restaurant company looks to return cash to shareholders.
The parent company of Taco Bell, KFC and Pizza Hut has seen signs of a comeback in its domestic business with much of its same-store sales improvement coming from Taco Bell’s successful launch of its Doritos Locos Tacos, which features a nacho cheese Doritos taco shell.
Yum has repurchased $815-M of stock so far this year at an average price of 66/shr.
Shares were recently trading at 71.85, up about 1%. The stock has risen 22% since the start of the year.
The latest stock repurchase authorization runs through 31 May 2014.
The company reported last month its Q-3 income jumped 23% as revenue improved 9% on continued same-store sales improvement in its US business, though Yum’s growth in China was held back by the economy.
Related Articles
Options and Trading Alert: Yum Brands NYSE:YUM
November 30th, 2012
SanDisk NASDAQ:SNDK Board Approves $750-M for Share Buybacks
December 21st, 2012
Limited Brands (NYSE:LTD) FQ-2 beats expectations and raises outlook
August 16th, 2012
Victoria’s Secret Drives Limited Brands Stock LTD, ANF, AEO, ANN, GPS, JCG
December 5th, 2010
More News
- One Winning Ticket in the US Powerball $590,500,000 Jackpot
May 20, 2013 - Pump and Dump Spam, Subpoenas Issued Against Xumanii and Publishers of Awesome Penny Stocks and Select Penny Stocks
- AP CEO: Obama’s Phone Spying was Unconstitutional
- Five Must-See Charts for Yield Investors
May 19, 2013 - IRS Withheld Information From Congress
Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
1 of 6
USD/ZAR South African Rand Outlook
Shayne Heffernan takes a look at the USD/ZAR
USD/ZAR closed above the upper band by 10.6%. Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current …
Commentary
Investor Services
Best Hedge Funds 2013
Working with some of the World’s largest financial institutions HCM’s goal is to provide portfolio returns that exceed the S&P 500 Index benchmark while …
UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
This Week on the Economic Front in the USA
20- May- Monday
none
21 May- Tuesday
none
22 May – Wednesday
MBA Mortgage Index, 05/18 (7:00a): -7.3% p
Existing Home Sales, April (10:00a): 4.98M …
The Hot List
Enviro-Serv Inc (OTCMKTS:EVSV), Medical Marijuana Inc (OTCMKTS:MJNA)
Enviro-Serv Inc (OTCMKTS:EVSV)
EVSV had a stellar dy yesterday, ut it looks like it is just the begining of big things, good …
shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
762 
81 
Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
1176
115
