Yum China (YUMC) Declares $0.10 Intial Quarterly Dividend, 1% Yield; Boosts Share Buyback to $500M
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Go back to Yum China (YUMC) Declares $0.10 Intial Quarterly Dividend, 1% Yield; Boosts Share Buyback to $500M
October 6, 2017 9:21 AM EDT
BofA/Merrill Lynch raised its price target on Yum China Holdings (NYSE: YUMC) to $45.10 (from $41.60) while maintaining a Neutral rating following the company's 3Q report. Revenue/system sales were +8%/+10%.
In BofA/Merrill Lynch's view, YUMCs strategy to focus on digital, delivery and... More
October 5, 2017 4:32 PM EDT
Yum China (NYSE: YUMC) reported Q3 EPS of $0.52, $0.04 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $2.04 billion versus the consensus estimate of $1.98 billion.
YUMC reported 6% same-store sales growth.
CEO Comments
"We are pleased to report the third consecutive quarter of delivering positive same-store sales growth. With revenues exceeding $2 billion in the... More
October 5, 2017 3:18 PM EDT
Yum China (NYSE: YUMC) October 40 straddle priced for movement of 7% into Q3
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