Yum! Stock
The current price of a Yum! stock is $80.57, it’s up 2.12% today. In the last three months it has had a low of $65.24 and a high of $81.50. In the last year, the 52 week range was $64.58 - $95.90. Yum! is still getting back up on its feet from it’s two food quality issues in its Chinese businesses, and that’s troubling because as it states on finance.yahoo.com “The region accounts for 53% of total revenue and 39% of operating profits. The restaurateur has about 6,900 restaurants in the country, about 5,000 of which are KFCs.” However, Yum! is thinking about “spinning off” (Yahoo Finance) its divisions that run KFC and Pizza Hut in China. But it is also planning on starting up Taco Bell in the country. Also not all of the ties will be severed with the spin off. It doesn’t seem very volatile, so perhaps it might be an alright investment, but I think I would want to see how the spin off deal works out first, then maybe I would invest, however right now, I won’t be buying it.
No comments:
Post a Comment