Citigroup Inc. assumed coverage on shares of Yum China Holdings Inc (NASDAQ:YUMC) in a report published on Monday, MarketBeat Ratings reports. The firm issued a buy rating and a $51.00 price target on the stock.

A number of other analysts have also issued reports on YUMC. Zacks Investment Research upgraded Yum China Holdings from a sell rating to a hold rating in a research note on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a $35.90 price objective (up from $33.10) on shares of Yum China Holdings in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. boosted their price objective on Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th. Bank of America Corporation reiterated a neutral rating and set a $41.60 price objective on shares of Yum China Holdings in a research note on Sunday, July 30th. Finally, Morgan Stanley boosted their price objective on Yum China Holdings from $35.00 to $41.00 and gave the company an overweight rating in a research note on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $38.68.

Yum China Holdings (YUMC) opened at 39.84 on Monday. Yum China Holdings has a 12 month low of $23.79 and a 12 month high of $40.14. The company has a market cap of $15.27 billion and a PE ratio of 29.29. The company has a 50 day moving average price of $37.42 and a 200-day moving average price of $37.42.

Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 earnings per share (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 company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. Yum China Holdings’s revenue was up .4% on a year-over-year basis. Equities analysts predict 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 company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $37.72, for a total value of $836,780.48. Following the transaction, the insider now directly owns 23,457 shares in the company, valued at approximately $884,798.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Several institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC bought a new position in shares of Yum China Holdings during the 2nd quarter valued at about $62,217,000. Cetera Investment Advisers bought a new position in shares of Yum China Holdings during the 2nd quarter valued at about $569,000. Dynamic Technology Lab Private Ltd increased its position in shares of Yum China Holdings by 18.2% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,029 shares of the company’s stock valued at $750,000 after purchasing an additional 2,931 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of Yum China Holdings by 55.5% during the 2nd quarter. WINTON GROUP Ltd now owns 32,205 shares of the company’s stock valued at $1,270,000 after purchasing an additional 11,489 shares during the last quarter. Finally, North Star Asset Management Inc. increased its position in shares of Yum China Holdings by 0.3% during the 2nd quarter. North Star Asset Management Inc. now owns 72,246 shares of the company’s stock valued at $2,849,000 after purchasing an additional 190 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.

Analyst Recommendations for Yum China Holdings (NASDAQ:YUMC)

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