Yum China Holdings (YUMC) Receiving Somewhat Positive Media Coverage, Study Shows
Media coverage about Yum China Holdings (NASDAQ:YUMC) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Yum China Holdings earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.7850917138769 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several equities analysts recently commented on the company. Bank of America Corporation restated a “neutral” rating and set a $41.60 target price on shares of Yum China Holdings in a research report on Sunday, July 30th. Zacks Investment Research downgraded Yum China Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $35.90 target price (up previously from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. raised their target price on Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Finally, Morgan Stanley raised their target price on Yum China Holdings from $35.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $37.56.
Yum China Holdings (YUMC) traded up 0.16% during midday trading on Thursday, reaching $37.33. The company had a trading volume of 1,525,926 shares. The stock has a market cap of $14.31 billion and a P/E ratio of 27.45. Yum China Holdings has a 12 month low of $23.79 and a 12 month high of $42.12. The firm has a 50-day moving average of $37.73 and a 200-day moving average of $33.04.
Yum China Holdings (NASDAQ:YUMC) last released its earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Yum China Holdings’s revenue was up .4% compared to the same quarter last year. On average, equities analysts expect that Yum China Holdings will post $1.45 EPS for the current fiscal year.
In other Yum China Holdings news, Director Louis Hsieh bought 30,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $34.85 per share, for a total transaction of $1,045,500.00. Following the completion of the purchase, the director now directly owns 39,080 shares of the company’s stock, valued at $1,361,938. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Shella Ng bought 4,420 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of $34.75 per share, with a total value of $153,595.00. The disclosure for this purchase can be found here.
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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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