Dark pool activity was detected in YUM stock on January 19, 2020, two days after Morgan Stanley upgraded the stock.

The large dark pool order was for $44 million which represented a whopping 26% of the average daily volume in YUM stock.

On January 17, 2020, Morgan Stanley analyst John Glass upgraded Yum! Brands to Overweight from Equal Weight with a price target of $118, up from $113. Pizza Hut in the U.S. only accounts for 8% of total profits and concerns about the business are largely reflected in the stock’s current price after underperformance in 2019, Glass tells investors. John Glass said that overall comp growth may have moderated in the third quarter, but it is still running at levels that are “more or less consistent” with global peers while the stock now trades at the lowest premium to peers since 2016 despite Yum having become a more efficient and faster growing business.

On January 13, 2020, Taco Bell announced on its website that it will soon begin testing a $100,000 annual salary for general managers in select locations in an attempt to attract and retain talent. “For those who may not want to be in a manager role, the brand is introducing ‘Makers,’ a program for restaurant team members who want to elevate their passion for the brand and want leadership experience. Additionally, starting January 1, 2020, all nationwide company employees can become eligible to receive at least 24 hours of paid sick time per calendar year. Through these initiatives, Taco Bell aims to enhance restaurant performance, employee satisfaction and support recruitment and retention.” Source: https://www.tacobell.com/news/taco-bell-2020-commitments?selectedTag=&selectYear=2020

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