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Stock Market & Financial Investment News

News Breaks
February 4, 2014
12:06 EDTYUM, DPZ, CMG, MCD, JACKYum! Brands rises after reaffirming profit growth outlook
Shares of Yum! Brands (YUM), which owns the KFC, Taco Bell and Pizza Hut restaurant concepts, are rising after the company reported mixed fourth quarter results, but reaffirmed its fiscal 2014 profit growth view of at least 20%. WHAT'S NEW: Last night, Yum! Brands reported fourth quarter adjusted earnings per share of 86c and revenue of $4.18B, compared to expectations of 80c and $4.26B, respectively. The company reported same store sales in its China division fell 4%, while U.S. SSS fell 2%. Despite the mixed results, the company's CEO David Novak said, "We are confident we have the people and resources to deliver at least 20% EPS growth in 2014 and re-establish our track record of double-digit EPS growth.” ANALYST REACTION: In a note to investors this morning, research firm Stifel said Yum! Brands should be bought into strength. Stifel thought that fears about the company's China business were overblown. The firm kept a $95 price target and Buy rating on the stock. Another firm, Oppenheimer, said the company's 2014 EPS could beat expectations due to margin expansion. The firm kept an $80 price target and Outperform rating on the stock. PRICE ACTION: In early afternoon trading, Yum! Brands soared $5.47, or 8.3%, to $71.63 on more than twice its average daily trading volume. The stock is up over 11% in the past twelve months. OTHERS TO WATCH: Yum Brands' competitors include McDonald's (MCD), Chipotle Mexican Grill (CMG), Domino's Pizza (DPZ), Jack in the Box (JACK).
News For YUM;DPZ;CMG;MCD;JACK From The Last 14 Days
Check below for free stories on YUM;DPZ;CMG;MCD;JACK the last two weeks.
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August 22, 2014
11:00 EDTMCDRussia continues to push McDonald's with new sanitary checkups, Reuters says
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09:51 EDTMCDMcDonald's brings back Mike Andres with retirement of Jeff Stratton
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August 21, 2014
09:03 EDTCMGChipotle Q3 comps accelerating, says Cleveland Research
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06:40 EDTMCDMcDonald's looking to expand digital efforts, CNBC says
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August 20, 2014
12:58 EDTMCDMcDonald's temporarily closes certain Russian restaurants
The company said, "Based on a claim from a federal consumer agency, on Aug 20 2014, McDonald’s restaurants on Pushkin Square, Manezh Square and Prospect Mira were temporary closed. We are closely studying the subject of the documents to define what should be done to re-open the restaurants as soon as possible. Our main priority is to serve our customers with top quality menu items. We will continue taking care of our employees and will do our best to continue the success of McDonald’s business in Russia."
August 19, 2014
11:00 EDTMCDMcDonald's to unveil retail coffee initiative, Huffington Post says
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06:02 EDTYUM, MCDTaco Bell introducing dollar menu, LA Times reports
Taco Bell (YUM) is introducing its new Dollar Cravings menu, which features 11 items, the LA Times reports. McDonald's (MCD) and Wendy's (WEN) both offer dollar menus. Reference Link
August 18, 2014
06:26 EDTMCDMcDonald's orders products from Thai supplier after food scare, Reuters says
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August 15, 2014
06:39 EDTMCDTim Hortons aims to lure customers via new coffee launch, Reuters says
Tim Hortons (THI) is looking to attract new customers and fight competitors, such as Starbucks (SBUX) and McDonald's (MCD), by revealing a new dark roast coffee blend throughout North America while possibly increasing prices to fend-off increasing expenses and rivals, according to Reuters, citing comments from Tim Hortons CEO Marc Caira. Caira said, "Looking at the coffee market, I would suggest that, given the degree of cost increases, that we are looking at prices going up sometime in 2015." Reference Link
August 14, 2014
17:46 EDTYUMRelational Investors gives quarterly update on stakes
NEW STAKES: Whole Foods Market (WFM). INCREASED STAKES: Clean Harbors (CLH), Magnum Hunter Resources (MHR), Manitowoc (MTW), Esterline Technologies (ESL), and Yum! Brands (YUM). DECREASED STAKES: Bunge (BG), and Hologic (HOLX). LIQUIDATED STAKES: W.R. Grace & Co (GRA), and First American Financial (FAF).
August 12, 2014
15:22 EDTDPZDomino's Pizza CEO says commodity cost increase still in forecast range
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August 11, 2014
11:33 EDTMCDWorkday rises after reportedly winning record deal with McDonald's
Shares of cloud-based human capital management solution provider Workday (WDAY) are rising after the company is said to have won a deal with global fast food giant McDonald's (MCD) that would be the biggest in its history. WHAT'S NEW: JMP Securities analysts Patrick Walravens and Peter Lowry wrote in a note to investors this morning that the firm's checks indicate that Workday was awarded the human capital management business at McDonald’s, which the analysts said could be the biggest deal in the company’s history. The firm increased its estimate for Workday's Q2 billings to $185M from $182M, noting that both are above the company's guidance of $180M in billing for Q2. JMP maintains its Market Outperform rating and $126 price target on Workday, but the analysts noted that they like the stock over the longer-term, citing its market leading position in the Software-as-a-Service Enterprise Resource Planning space, which is set to triple from 2013 to 2020. PRICE ACTION: In late morning trading, shares of Workday gained $2.43, or 2.9%, to $86.34.
06:49 EDTMCDWorkday won human capital business at McDonald's, says JMP Securities
JMP Securities says its due diligence indicates Workday (WDAY) won the human capital management business at McDonald's (MCD). JMP believes the contract could be the biggest deal in Workday's history and it raised its Q2 billings estimate to $185M from $182M. The firm keeps an Outperform rating on Workday with a $126 price target.
06:46 EDTYUM Yum! Brands shares remain attractive, says Bernstein
Bernstein expects Yum! Brands' China comp estimates to recover and does not view the brand as permanently impaired. The believes shares are attractive and sees potential upside from re-franchising or a breakup. The firm rates Yum! an Outperform with an $87 price target.

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