Somewhat Positive Press Coverage Somewhat Unlikely to Affect Yum China Holdings (YUMC) Stock Price
News stories about Yum China Holdings (NYSE:YUMC) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Yum China Holdings earned a news impact score of 0.20 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.5657680748534 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Yum China Holdings (NYSE YUMC) opened at $41.96 on Wednesday. Yum China Holdings has a 1-year low of $25.50 and a 1-year high of $43.55.
Yum China Holdings (NYSE:YUMC) last released its earnings results on Thursday, October 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Yum China Holdings had a net margin of 10.84% and a return on equity of 30.55%. Yum China Holdings’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share.
The company also recently announced a special dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, November 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 29th.
A number of brokerages recently commented on YUMC. CIBC reissued an “outperform” rating and issued a $45.00 price objective (up from $43.00) on shares of Yum China Holdings in a research note on Friday, October 6th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $43.00 price objective on shares of Yum China Holdings in a research note on Friday, September 29th. Zacks Investment Research cut shares of Yum China Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Bank of America Corporation reissued a “neutral” rating and issued a $45.10 price objective (up from $41.60) on shares of Yum China Holdings in a research note on Friday, October 6th. Finally, Nomura began coverage on shares of Yum China Holdings in a research note on Monday, October 9th. They issued a “buy” rating and a $51.60 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.35.
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In other news, insider Angela Ai sold 17,678 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $43.05, for a total transaction of $761,037.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Danny Tan sold 2,124 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $41.84, for a total transaction of $88,868.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,986 shares of company stock worth $1,686,687.
About Yum China Holdings
Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.
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