Yum China Holdings Inc (YUMC) Price Target Increased to $45.00 by Analysts at Oppenheimer Holdings, Inc.
Yum China Holdings Inc (NASDAQ:YUMC) had its target price lifted by research analysts at Oppenheimer Holdings, Inc. from $43.00 to $45.00 in a report issued on Friday. The firm presently has an “outperform” rating on the stock. Oppenheimer Holdings, Inc.’s target price would indicate a potential upside of 12.58% from the company’s previous close.
Several other equities research analysts also recently commented on YUMC. Morgan Stanley lifted their price objective on Yum China Holdings from $35.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, June 26th. Deutsche Bank AG downgraded Yum China Holdings from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $34.72 to $36.61 in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reiterated 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. Bank of America Corporation reiterated a “neutral” rating and issued a $41.60 price objective on shares of Yum China Holdings in a report on Sunday, July 30th. Finally, Zacks Investment Research downgraded Yum China Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Yum China Holdings presently has a consensus rating of “Hold” and a consensus price target of $38.29.
Yum China Holdings (NASDAQ:YUMC) opened at 39.97 on Friday. The company has a market cap of $15.32 billion and a price-to-earnings ratio of 29.39. 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 $38.81 and its 200 day moving average is $38.81.
Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings data on Thursday, October 5th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.04). Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the business posted $0.52 earnings per share. Yum China Holdings’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts forecast that Yum China Holdings will post $1.46 earnings per share for the current fiscal year.
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In other Yum China Holdings news, insider Mark Chu sold 22,184 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was 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 approximately $884,798.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Institutional investors have recently added to or reduced their stakes in the business. Pennsylvania Trust Co bought a new stake in shares of Yum China Holdings during the 1st quarter valued at about $351,000. Highbridge Capital Management LLC bought a new stake in shares of Yum China Holdings during the 4th quarter valued at about $1,983,000. Guggenheim Capital LLC bought a new stake in shares of Yum China Holdings during the 4th quarter valued at about $2,180,000. Formula Growth Ltd. grew its stake in shares of Yum China Holdings by 69.7% during the 1st quarter. Formula Growth Ltd. now owns 176,775 shares of the company’s stock valued at $4,808,000 after purchasing an additional 72,625 shares during the period. Finally, Dai Ichi Life Insurance Company Ltd grew its stake in shares of Yum China Holdings by 406.8% during the 1st quarter. Dai Ichi Life Insurance Company Ltd now owns 50,000 shares of the company’s stock valued at $1,360,000 after purchasing an additional 40,135 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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