Somewhat Positive Press Coverage Somewhat Unlikely to Impact Yum China Holdings (YUMC) Stock Price
News articles about Yum China Holdings (NASDAQ:YUMC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Yum China Holdings earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.1951614119619 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Yum China announces Jacky Lo as chief financial officer – MarketWatch (marketwatch.com)
- Noteworthy ETF Inflows: IEMG, YUMC, BAP, EDU – Nasdaq (nasdaq.com)
- Share Activity Lifted for Yum China Holdings Inc (YUMC) in Session – FLBC News (flbcnews.com)
- A Side-by-side Analysis of Yum China Holdings, Inc. (YUMC) and Fitbit, Inc. (FIT) – Economic News (economicsandmoney.com)
- Oversold Conditions For Yum China Holdings (YUMC) – Nasdaq (nasdaq.com)
Several analysts recently commented on the stock. Goldman Sachs Group Inc reiterated a “neutral” rating and issued a $35.90 price target (up previously from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Zacks Investment Research downgraded shares of Yum China Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. upped their price target on shares of Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Bank of America Corporation reiterated a “neutral” rating and issued a $41.60 price target on shares of Yum China Holdings in a research report on Sunday, July 30th. Finally, Morgan Stanley upped their price target on shares of Yum China Holdings from $35.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $37.56.
Yum China Holdings (NASDAQ YUMC) opened at 35.36 on Friday. The stock’s 50 day moving average is $36.76 and its 200-day moving average is $34.03. Yum China Holdings has a 1-year low of $23.79 and a 1-year high of $42.12. The firm has a market capitalization of $13.55 billion and a PE ratio of 26.00.
Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. The firm’s quarterly revenue was up .4% on a year-over-year basis. Equities research analysts forecast that Yum China Holdings will post $1.45 EPS for the current year.
In related news, insider Mark Chu sold 22,184 shares of Yum China Holdings stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $37.72, for a total transaction of $836,780.48. Following the sale, the insider now directly owns 23,457 shares in the company, valued at $884,798.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
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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