Yum China Holdings Inc (YUMC) Stock Rating Reaffirmed by Bank of America Corporation
Yum China Holdings Inc (NASDAQ:YUMC)‘s stock had its “neutral” rating reissued by equities researchers at Bank of America Corporation in a research report issued on Friday. They currently have a $45.10 price objective on the stock, up from their prior price objective of $41.60. Bank of America Corporation’s price target would suggest a potential upside of 10.49% from the stock’s previous close.
A number of other research firms have also weighed in on YUMC. Deutsche Bank AG lowered shares of Yum China Holdings from a “buy” rating to a “hold” rating and boosted their target price for the stock from $34.72 to $36.61 in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. boosted their target price on shares of Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $35.90 target price (up previously from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Morgan Stanley boosted their target price on shares of Yum China Holdings from $35.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, June 26th. Finally, CIBC reissued an “outperform” rating and set a $45.00 target price (up previously from $43.00) on shares of Yum China Holdings in a research report on Friday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $39.52.
Yum China Holdings (NASDAQ YUMC) traded up 2.13% on Friday, reaching $40.82. The company’s stock had a trading volume of 8,022,639 shares. The company has a market capitalization of $15.65 billion and a price-to-earnings ratio of 30.01. The stock has a 50 day moving average price of $38.81 and a 200-day moving average price of $38.81. Yum China Holdings has a 1-year low of $23.79 and a 1-year high of $41.10.
Yum China Holdings (NASDAQ:YUMC) last released its earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. Equities analysts predict that Yum China Holdings will post $1.46 earnings per share for the current fiscal year.
Yum China Holdings declared that its board has initiated a stock buyback program on Thursday, October 5th that allows the company to repurchase $550.00 million in shares. This repurchase authorization allows the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
In related 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 value of $836,780.48. Following the completion of the transaction, the insider now owns 23,457 shares of the company’s stock, valued at $884,798.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of large investors have recently bought and sold shares of YUMC. Comerica Bank raised its position in Yum China Holdings by 8.6% in 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 in the last quarter. World Asset Management Inc acquired a new position in Yum China Holdings in the first quarter worth about $215,000. Envestnet Asset Management Inc. raised its position in Yum China Holdings by 42.6% in the first quarter. Envestnet Asset Management Inc. now owns 35,414 shares of the company’s stock worth $961,000 after purchasing an additional 10,580 shares in the last quarter. Neuberger Berman Group LLC raised its position in Yum China Holdings by 209.0% in the first quarter. Neuberger Berman Group LLC now owns 54,686 shares of the company’s stock worth $1,487,000 after purchasing an additional 36,987 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Yum China Holdings by 41.0% in the first quarter. Alliancebernstein L.P. now owns 340,372 shares of the company’s stock worth $9,258,000 after purchasing an additional 99,020 shares in the last quarter.
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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