Jim Cramer Believes Yum! Brands “Has Come Down to a Very Attractive Price”

Jim Cramer gave top insight on Yum! Brands, Inc. (NYSE:YUM), sharing a game plan of what to buy, sell, and hold right now. Answering a caller’s query about the stock, Cramer said:

I think that Yum has come down to a very attractive price, $153 down from $169, 23 times earnings, excellent growth, asset light model. And right now, what’s going on in the worldwide economy does not really impact a company that offers a nice value meal.

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Yum! Brands, Inc. (NYSE:YUM) develops and franchises several quick-service restaurants, including well-known brands such as KFC, Taco Bell, and Pizza Hut. A caller asked about the stock, referring to the company’s announcement of the possible spin-off of the pizza brand, and in light of Domino’s earnings. Cramer responded:

Okay, I’m so glad you asked about this. I was doing a piece about fast food. I will tell you, I think Yum! Brands, the stock has been a horse lately. It’s up 9%. I want you to hold it. I would buy any Yum! Brands, if it dropped because that plan to shed Pizza Hut, spin it off, whatever, is going to give you amazing numbers because of how well Taco Bell is doing. Taco Bell will shine. We’ll know how great it is. Own Yum! Brands.

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