Macquarie assumed coverage on shares of Yum China (NYSE:YUMC) in a research report issued to clients and investors on Wednesday. The firm set an “outperform” rating and a $55.00 price target on the stock. Macquarie’s price target points to a potential upside of 35.37% from the stock’s current price.
YUMC has been the subject of several other reports. Zacks Investment Research upgraded Yum China from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Oppenheimer lifted their price target on Yum China from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, October 6th. Deutsche Bank upgraded Yum China from a “hold” rating to a “buy” rating and set a $45.30 price target for the company in a research report on Friday, October 6th. Bank of America reiterated a “neutral” rating and set a $45.10 price target (up from $41.60) on shares of Yum China in a research report on Friday, October 6th. Finally, Citigroup initiated coverage on Yum China in a research report on Monday, September 18th. They issued a “buy” rating and a $51.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $44.28.
Shares of Yum China (YUMC) traded up $0.61 during mid-day trading on Wednesday, reaching $40.63. The company had a trading volume of 1,373,300 shares, compared to its average volume of 1,303,350. Yum China has a 12 month low of $25.53 and a 12 month high of $43.55. The company has a market capitalization of $16,330.00 and a P/E ratio of 26.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.42 and a current ratio of 1.69.
Yum China (NYSE:YUMC) last issued its quarterly earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.04). The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.98 billion. Yum China had a return on equity of 21.35% and a net margin of 8.43%. Yum China’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS. sell-side analysts predict that Yum China will post 1.44 EPS for the current fiscal year.
In other Yum China news, insider Angela Ai sold 17,678 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $43.05, for a total transaction of $761,037.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Danny Tan sold 2,124 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $41.84, for a total value of $88,868.16. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of YUMC. Schwab Charles Investment Management Inc. increased its stake in Yum China by 148.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 98,816 shares of the company’s stock valued at $3,897,000 after purchasing an additional 59,081 shares in the last quarter. Comerica Bank boosted its holdings in shares of Yum China by 3.9% during the second quarter. Comerica Bank now owns 29,863 shares of the company’s stock worth $1,110,000 after purchasing an additional 1,126 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Yum China by 36.0% during the second quarter. Neuberger Berman Group LLC now owns 74,382 shares of the company’s stock worth $2,933,000 after purchasing an additional 19,696 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Yum China by 20.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,247 shares of the company’s stock worth $601,000 after purchasing an additional 2,603 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Yum China by 143.9% during the second quarter. Principal Financial Group Inc. now owns 79,467 shares of the company’s stock worth $3,134,000 after purchasing an additional 46,885 shares during the last quarter. 80.07% of the stock is owned by institutional investors and hedge funds.
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Yum China 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.