AllAnalyst Report
logoMorningstarOctober 15, 2020

Yum! Brands, Inc.: After a Turbulent 2020, Is Market Optimism for Restaurants Heading Into 2021 Warranted?

Symbols
YUM
Sector(s)
Consumer Cyclical
Rating
Current Price
$141.77
Fair Value
Economic Moat
Stewardship
Summary

As the parent company for nearly 50,500 restaurant locations, Yum Brands operates one of the largest global quick-service restaurant systems. Concepts include KFC (24,400 units), Pizza Hut (18,300), Taco Bell (7,400), and The Habit (280). Yum Brands generated $53 billion in system sales in 2019 (53% KFC, 25% Pizza Hut, 22% Taco Bell). In November 2016, Yum China was spun out as a stand-alone company, but it is payi

Upgrade to begin using premium research reports and get so much more.

Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Upgrade

Analyst Profile

R.J. Hottovy

Sector Strategist
R.J. Hottovy, CFA, is a consumer strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He is responsible for consumer discretionary and staples research. He has covered the consumer sector as an analyst and director of global consumer equity research for Morningstar since joining the company in 2008, and specializes in a broad range of consumer categories including restaurants, footwear and apparel retailers, consumer electronics retailers, fitness clubs, home improvement and furnishing retailers, and consumer product manufacturers.Before joining Morningstar, Hottovy was a director and senior stock analyst for Next Generation Equity and an analyst for William Blair & Co., specializing in a wide range of retail and consumer product companies. He also spent two years at Deutsche Bank, covering waste management, water utilities, and equipment rental stocks.Hottovy holds a bachelor’s degree in finance and a second degree in computer applications from the University of Notre Dame, where he graduated magna cum laude. He also holds the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Chicago.