This fast food stock is trading at a discount. Morgan Stanley says it's a buy

The article says Yum! Brands’ divestiture deal is expected to improve earnings quality and support its capital return program, citing an annualized dividend of $3 (about a 2% yield) and a 48% payout ratio. It argues the transaction may lift valuation floors for legacy QSR assets and create a “sympathy” rotation into Restaurant Brands International, which reported 3.2% same-store sales growth and 26.8% operating margins in Q1 2026, alongside a $500 million repurchase authorization and a 3.5% divi

Jardine Matheson Holdings (JMH) is considering further asset sales to shift from operating businesses to an investment-focused model, sources say. Mandarin Oriental International may sell the remaining Hong Kong office tower after a HK$7.2 billion sale of 13 floors to Alibaba and Ant Group. Other possible sales include its Mercedes-Benz dealership Zung Fu. JMH has proposed/completed at least US$10.5 billion in deals and shares are up over 40% in a year.

Premarket movers included Blackstone, down 6%, and KKR, down over 5.5%, after Bloomberg reported Partners Group capped withdrawals from a private equity fund. Palo Alto Networks fell 2% despite fiscal Q3 adjusted EPS of 85 cents on $3.0B revenue beating LSEG estimates. GitLab dropped nearly 4% on weaker EPS guidance and a 14% workforce reduction.

Premarket movers included Nvidia, which rose about 2% after announcing a new PC processor in collaboration with Microsoft; Microsoft gained nearly 4%. Dell (+1.5%), HP (+3.5%) and Arm (+14.5%) also jumped, while chip rivals fell: Qualcomm (-9.5%), Intel (-6.5%) and AMD (-4%). Taylor Morrison surged ~23% on Berkshire’s $6.8B acquisition deal. IBM jumped ~13% after Barclays started coverage; other software names rose, while Robinhood (-3%) and Coinbase (-2%) fell as Bitcoin dropped below $73,000.

Jardine Matheson is considering further asset sales to reshape itself into an investment firm focused on higher-growth areas, sources said. Mandarin Oriental International is weighing selling the rest of a Hong Kong office tower after a 2023 deal to sell 13 floors to Alibaba and Ant for HK$7.2 billion. Other units, including its Mercedes-Benz dealership Zung Fu, are also under review. Jardine has proposed or completed at least US$10.5 billion in sales/M&A and its Singapore shares are up over 40%

Chipotle and Taco Bell said GyG (Guzman y Gomez) ended its U.S. expansion and closed stores effective May 22, according to the article. GyG’s leadership told The Guardian it needed more time and capital than expected. The Guardian reported a class action by 500+ employees alleging no notice. The article links the exit to reduced competitive pressure on CMG and YUM.