Yum China Holdings Inc (YUMC) Given Average Rating of “Hold” by Analysts
Yum China Holdings Inc (NASDAQ:YUMC) has received a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $36.82.
YUMC has been the topic of several recent analyst reports. Oppenheimer Holdings, Inc. lifted their target price on shares of Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Yum China Holdings from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Friday, May 19th. Deutsche Bank AG downgraded shares of Yum China Holdings from a “buy” rating to a “hold” rating and lifted their target price for the stock from $34.72 to $36.61 in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) downgraded shares of Yum China Holdings from a “buy” rating to a “neutral” rating and set a $33.10 target price on the stock. in a report on Monday, May 15th. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $41.60 target price on shares of Yum China Holdings in a report on Sunday, July 30th.
In related news, Director Louis Hsieh purchased 30,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $34.85 per share, for a total transaction of $1,045,500.00. Following the transaction, the director now directly owns 39,080 shares of the company’s stock, valued at approximately $1,361,938. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shella Ng purchased 4,420 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $34.75 per share, for a total transaction of $153,595.00. The disclosure for this purchase can be found here.
A number of hedge funds have recently bought and sold shares of YUMC. Boys Arnold & Co. Inc. bought a new stake in Yum China Holdings during the second quarter valued at about $270,000. Prudential Financial Inc. raised its stake in Yum China Holdings by 879.0% in the second quarter. Prudential Financial Inc. now owns 3,346,404 shares of the company’s stock valued at $131,949,000 after buying an additional 3,004,600 shares in the last quarter. AR Asset Management Inc. bought a new stake in Yum China Holdings during the second quarter valued at about $278,000. Iridian Asset Management LLC CT bought a new stake in Yum China Holdings during the second quarter valued at about $61,508,000. Finally, Essex Financial Services Inc. bought a new stake in Yum China Holdings during the second quarter valued at about $272,000.
Yum China Holdings (NASDAQ:YUMC) opened at 37.18 on Tuesday. The firm has a 50-day moving average of $38.22 and a 200-day moving average of $32.66. Yum China Holdings has a 52-week low of $23.79 and a 52-week high of $42.12. The stock has a market capitalization of $14.25 billion and a PE ratio of 27.34.
Yum China Holdings (NASDAQ:YUMC) last announced its earnings results on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts expect that Yum China Holdings will post $1.44 EPS for the current year.
Yum China Holdings Company Profile
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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