Shares of Yum! Brands, Inc. (NYSE:YUM) [Trend Analysis] runs in leading trade, it surging 0.40% to traded at $64.86. The firm has price volatility of 1.35% for a week and 1.07% for a month. Its beta stands at 0.75 times. Yum China Holdings, Inc. (YUMC) along with Taco Bell Corp. reported that they have opened the first Taco Bell restaurant in the second largest economy in the world: China. The inaugural restaurant is located near Shanghai’s landmark Oriental Pearl Tower in the Lujiazui area, the city’s central business district, and is Taco Bell’s latest international market entry as it grows the brand globally.
“We are thrilled to bring Taco Bell to China with the official opening of the first restaurant at a spectacular location in Shanghai,” said Micky Pant, Chief Executive Officer of Yum China. “Consumers in China want the best the world has to offer, and Taco Bell is one of the most exciting brands anywhere. Leveraging our deep insights into Chinese consumer preferences, developed from close to 30 years operating in this market, we thoroughly researched and fine-tuned the Taco Bell menu for China and the initial response from consumers is very encouraging.” Narrow down four to firm performance, its weekly performance was 2.01% and monthly performance was 0.25%. The stock price of YUM is moving up from its 20 days moving average with 1.35% and isolated positively from 50 days moving average with 3.30%.
Global Payments Inc. (NYSE:GPN) [Trend Analysis] luring active investment momentum, shares a loss -1.53% to $78.57. Global Payments Inc. (GPN) said that it raised its fiscal year 2017 expectation for expense synergies from the Heartland merger to $135 million, a $10 million increase from its prior target.
“As a result of this strong performance and momentum, we are introducing accelerated growth expectations for calendar 2017. We are also raising our expectation for expense synergies from the Heartland merger to $135 million, a $10 million increase from our prior target,” said Cameron Bready, Executive Vice President and Chief Financial Officer.
For calendar 2017, the company now expects declared adjusted net income of $3.35 to $3.45 billion, representing estimated growth of 18% to 21% over calendar 2016 estimate, or 20% to 24% on a constant currency basis. The total volume of 370887 shares held in the session was surprisingly higher than its average volume of 1220.49 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -1.00%, and looking further price to next year’s EPS is 18.89%. While take a short look on price to sales ratio, that was 3.98 and price to earnings ratio of 40.94 attracting passive investors.