Yum China Holdings Inc (NASDAQ:YUMC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

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. “

Other equities research analysts have also issued reports about the stock. Oppenheimer Holdings, Inc. lifted their target price on shares of Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Citigroup Inc. began coverage on shares of Yum China Holdings in a report on Monday, September 18th. They issued a “buy” rating and a $51.00 price objective for the company. Deutsche Bank AG lowered shares of Yum China Holdings from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $34.72 to $36.61 in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $35.90 price objective (up from $33.10) on shares of Yum China Holdings in a report on Thursday, July 6th. Finally, Bank of America Corporation restated a “neutral” rating and issued a $41.60 price objective on shares of Yum China Holdings in a report on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $38.11.

Yum China Holdings (YUMC) opened at 40.204 on Thursday. Yum China Holdings has a 52-week low of $23.79 and a 52-week high of $40.99. The company’s 50-day moving average is $38.75 and its 200-day moving average is $38.75. The firm has a market capitalization of $15.41 billion and a PE ratio of 29.562.

Yum China Holdings (NASDAQ:YUMC) last announced its earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.60 billion. Yum China Holdings’s revenue was up .4% on a year-over-year basis. Analysts forecast that Yum China Holdings will post $1.47 EPS for the current fiscal year.

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In related news, insider Mark Chu sold 22,184 shares of Yum China Holdings stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total value of $836,780.48. Following the transaction, the insider now directly owns 23,457 shares of the company’s stock, valued at $884,798.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC purchased a new position in shares of Yum China Holdings in the second quarter worth $62,217,000. Cetera Investment Advisers purchased a new position in shares of Yum China Holdings in the second quarter worth $569,000. Dynamic Technology Lab Private Ltd increased its stake in shares of Yum China Holdings by 18.2% in the second quarter. Dynamic Technology Lab Private Ltd now owns 19,029 shares of the company’s stock worth $750,000 after buying an additional 2,931 shares during the period. WINTON GROUP Ltd increased its stake in shares of Yum China Holdings by 55.5% in the second quarter. WINTON GROUP Ltd now owns 32,205 shares of the company’s stock worth $1,270,000 after buying an additional 11,489 shares during the period. Finally, North Star Asset Management Inc. increased its stake in shares of Yum China Holdings by 0.3% in the second quarter. North Star Asset Management Inc. now owns 72,246 shares of the company’s stock worth $2,849,000 after buying an additional 190 shares during the period.

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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