Yum China (NYSE:YUMC) Stock Rating Lowered by Wall Street Zen

Yum China (NYSE:YUMC) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other research analysts have also recently commented on the company. The Goldman Sachs Group reissued a “buy” rating and set a $59.00 price target on shares of Yum China in a research report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Yum China in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Yum China presently has an average rating of “Moderate Buy” and a consensus price target of $59.21.

Yum China Stock Down 0.0%

Shares of YUMC stock opened at $42.90 on Friday. The firm has a fifty day moving average of $44.24 and a 200-day moving average of $45.03. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 0.01. Yum China has a 12-month low of $39.72 and a 12-month high of $58.39. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.13 and a beta of 0.07.

Yum China (NYSE:YUMC) last announced its earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Yum China had a return on equity of 15.82% and a net margin of 7.84%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the firm earned $0.58 EPS. Yum China’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities research analysts predict that Yum China will post 2.95 earnings per share for the current fiscal year.

Insider Activity at Yum China

In other news, insider Duoduo (Howard) Huang sold 24,096 shares of Yum China stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $47.08, for a total transaction of $1,134,439.68. Following the completion of the transaction, the insider directly owned 7,589 shares in the company, valued at approximately $357,290.12. The trade was a 76.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeff Kuai sold 14,586 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $47.72, for a total value of $696,043.92. Following the transaction, the insider directly owned 63,541 shares in the company, valued at $3,032,176.52. The trade was a 18.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Yum China

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eastern Bank increased its holdings in Yum China by 12.6% in the 2nd quarter. Eastern Bank now owns 2,984 shares of the company’s stock worth $122,000 after purchasing an additional 335 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in Yum China by 7.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 6,085 shares of the company’s stock valued at $297,000 after buying an additional 441 shares during the last quarter. Lido Advisors LLC boosted its position in Yum China by 6.7% during the 1st quarter. Lido Advisors LLC now owns 7,214 shares of the company’s stock worth $352,000 after buying an additional 451 shares during the period. Janney Montgomery Scott LLC boosted its position in Yum China by 2.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,204 shares of the company’s stock worth $1,034,000 after buying an additional 452 shares during the period. Finally, Main Street Group LTD bought a new stake in Yum China during the 1st quarter worth approximately $26,000. 85.58% of the stock is owned by institutional investors.

Yum China Company Profile

Yum China Holdings, Inc is a restaurant company that operates and franchises quick-service and casual-dining restaurants in China. Its portfolio includes KFC, Pizza Hut, Taco Bell, Lavasa, Huang Ji Huang, COFFii&JOY and East Dawning, offering products such as fried chicken, pizza, Mexican-inspired food, coffee and traditional Chinese cuisine.

KFC China and Pizza Hut China are the company’s principal brands, serving customers through restaurants, delivery and digital ordering channels.