Zacks Investment Research Upgrades Yum China Holdings Inc (YUMC) to “Hold”
Yum China Holdings Inc (NASDAQ:YUMC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Yum China Holdings, Inc. is a licensee of Yum! Brands primarily in mainland China. The company have rights to KFC, China’s quick-service restaurant concept, Pizza Hut, casual dining restaurant brand and Taco Bell. Yum China Holdings, Inc. is based in Shanghai, China. “
A number of other equities research analysts also recently issued reports on YUMC. Oppenheimer Holdings, Inc. increased their price objective on Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Deutsche Bank AG cut Yum China Holdings from a “buy” rating to a “hold” rating and increased their target price for the company from $34.72 to $36.61 in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $35.90 target price (up previously from $33.10) on shares of Yum China Holdings in a research note on Thursday, July 6th. Bank of America Corporation reissued a “neutral” rating and issued a $41.60 target price on shares of Yum China Holdings in a research note on Sunday, July 30th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $41.00 target price on shares of Yum China Holdings in a research note on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Yum China Holdings currently has a consensus rating of “Hold” and a consensus price target of $37.56.
Yum China Holdings (YUMC) traded up 1.33% during mid-day trading on Wednesday, hitting $36.66. The stock had a trading volume of 884,273 shares. The stock has a market cap of $14.05 billion and a PE ratio of 26.96. The firm’s 50-day moving average price is $36.05 and its 200-day moving average price is $28.01. Yum China Holdings has a 1-year low of $23.79 and a 1-year high of $37.00.
Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, beating 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 business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. The company’s revenue was up .4% on a year-over-year basis. On average, equities analysts expect that Yum China Holdings will post $1.46 earnings per share for the current year.
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In other news, insider Mark Chu sold 22,184 shares of the 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 completion of the sale, the insider now directly owns 23,457 shares in the company, valued at $884,798.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Several institutional investors have recently bought and sold shares of YUMC. Canada Pension Plan Investment Board boosted its holdings in shares of Yum China Holdings by 2,943.6% during the first quarter. Canada Pension Plan Investment Board now owns 30,740 shares of the company’s stock worth $836,000 after purchasing an additional 29,730 shares during the period. Suntrust Banks Inc. boosted its holdings in shares of Yum China Holdings by 47.4% during the first quarter. Suntrust Banks Inc. now owns 28,561 shares of the company’s stock worth $776,000 after purchasing an additional 9,189 shares during the period. Comerica Bank boosted its holdings in shares of Yum China Holdings by 8.6% during the first quarter. Comerica Bank now owns 28,737 shares of the company’s stock worth $985,000 after purchasing an additional 2,273 shares during the period. Swiss National Bank boosted its holdings in shares of Yum China Holdings by 29.6% during the first quarter. Swiss National Bank now owns 845,256 shares of the company’s stock worth $22,990,000 after purchasing an additional 193,259 shares during the period. Finally, World Asset Management Inc purchased a new stake in shares of Yum China Holdings during the first quarter worth about $215,000.
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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