Traders Buy Shares of Yum China Holdings Inc (YUMC) on Weakness
Investors bought shares of Yum China Holdings Inc (NASDAQ:YUMC) on weakness during trading hours on Wednesday. $5.82 million flowed into the stock on the tick-up and $0.21 million flowed out of the stock on the tick-down, for a money net flow of $5.61 million into the stock. Of all stocks tracked, Yum China Holdings had the 12th highest net in-flow for the day. Yum China Holdings traded down ($0.19) for the day and closed at $36.47
YUMC has been the subject of a number of research reports. Oppenheimer Holdings, Inc. increased their price target on shares of Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Yum China Holdings from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Friday, May 19th. Deutsche Bank AG downgraded shares of Yum China Holdings from a “buy” rating to a “hold” rating and raised their target price for the company from $34.72 to $36.61 in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) downgraded shares of Yum China Holdings from a “buy” rating to a “neutral” rating and set a $33.10 target price for the company. in a research note on Monday, May 15th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $41.60 target price on shares of Yum China Holdings in a research note on Sunday, July 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.56.
The firm has a market capitalization of $13.72 billion and a price-to-earnings ratio of 26.32. The firm’s 50-day moving average price is $36.63 and its 200 day moving average price is $34.35.
Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 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. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts expect that Yum China Holdings Inc will post $1.47 EPS for the current fiscal year.
In other news, insider Mark Chu sold 22,184 shares of the business’s 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 sale, the insider now owns 23,457 shares in the company, valued at approximately $884,798.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its stake in shares of Yum China Holdings by 3.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock worth $107,000 after acquiring an additional 102 shares in the last quarter. FNY Partners Fund LP raised its stake in shares of Yum China Holdings by 3,600.0% during the 1st quarter. FNY Partners Fund LP now owns 3,700 shares of the company’s stock worth $100,000 after acquiring an additional 3,600 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of Yum China Holdings during the 2nd quarter worth approximately $157,000. Nippon Life Insurance Co. bought a new position in shares of Yum China Holdings during the 2nd quarter worth approximately $162,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Yum China Holdings during the 2nd quarter worth approximately $176,000.
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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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