Yum China Holdings Inc (NASDAQ:YUMC) Receives $37.16 Average PT from Analysts
Yum China Holdings Inc (NASDAQ:YUMC) has been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $37.16.
A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Yum China Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $35.90 price objective (up previously from $33.10) on shares of Yum China Holdings in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. increased their price objective on Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Deutsche Bank AG downgraded Yum China Holdings from a “buy” rating to a “hold” rating and increased their price objective for the company from $34.72 to $36.61 in a report on Thursday, July 6th. Finally, J P Morgan Chase & Co assumed coverage on Yum China Holdings in a report on Friday, June 2nd. They issued an “overweight” rating and a $42.00 price objective on the stock.
Shares of Yum China Holdings (NASDAQ YUMC) remained flat at $37.07 during midday trading on Friday. The stock had a trading volume of 2,676,517 shares. The firm has a market capitalization of $14.21 billion and a P/E ratio of 27.26. The company has a 50-day moving average of $38.56 and a 200-day moving average of $30.87. Yum China Holdings has a 12-month low of $23.79 and a 12-month high of $42.12.
Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up .4% on a year-over-year basis. On average, equities analysts predict that Yum China Holdings will post $1.45 earnings per share for the current fiscal year.
In other news, insider Shella Ng bought 4,420 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of $34.75 per share, with a total value of $153,595.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Chu sold 11,142 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $33.60, for a total value of $374,371.20. Following the sale, the insider now directly owns 22,855 shares of the company’s stock, valued at $767,928. The disclosure for this sale can be found here.
Hedge funds have recently bought and sold shares of the company. BKD Wealth Advisors LLC boosted its stake in Yum China Holdings by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 7,547 shares of the company’s stock worth $298,000 after buying an additional 30 shares during the last quarter. ST Germain D J Co. Inc. boosted its stake in Yum China Holdings by 0.4% in the first quarter. ST Germain D J Co. Inc. now owns 8,758 shares of the company’s stock worth $238,000 after buying an additional 34 shares during the last quarter. BB&T Corp boosted its stake in Yum China Holdings by 0.7% in the first quarter. BB&T Corp now owns 61,966 shares of the company’s stock worth $1,686,000 after buying an additional 414 shares during the last quarter. South State Corp boosted its stake in Yum China Holdings by 1.1% in the first quarter. South State Corp now owns 45,852 shares of the company’s stock worth $1,247,000 after buying an additional 506 shares during the last quarter. Finally, YHB Investment Advisors Inc. boosted its stake in Yum China Holdings by 1.5% in the first quarter. YHB Investment Advisors Inc. now owns 38,102 shares of the company’s stock worth $1,300,000 after buying an additional 567 shares during 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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