Yum China Holdings Inc (NASDAQ:YUMC) was upgraded by stock analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other analysts also recently commented on YUMC. Morgan Stanley raised their target price on shares of Yum China Holdings from $35.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, June 26th. Oppenheimer Holdings, Inc. raised their target price on shares of Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $35.90 target price (up from $33.10) on shares of Yum China Holdings in a report on Thursday, July 6th. Bank of America Corporation restated a “neutral” rating and set a $41.60 target price on shares of Yum China Holdings in a report on Sunday, July 30th. Finally, Zacks Investment Research downgraded shares of Yum China Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $39.52.

Yum China Holdings (NASDAQ YUMC) opened at 40.82 on Friday. The stock has a market capitalization of $15.65 billion and a P/E ratio of 30.01. Yum China Holdings has a 12 month low of $23.79 and a 12 month high of $41.10. The company’s 50-day moving average is $38.91 and its 200-day moving average is $38.91.

Yum China Holdings (NASDAQ:YUMC) last announced its earnings results on Thursday, October 5th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.04). The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. Equities analysts anticipate that Yum China Holdings will post $1.46 earnings per share for the current year.

Yum China Holdings declared that its Board of Directors has authorized a stock repurchase program on Thursday, October 5th that allows the company to buyback $550.00 million in shares. This buyback authorization allows the company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

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In other news, insider Mark Chu sold 22,184 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total transaction of $836,780.48. Following the completion of the transaction, the insider now directly owns 23,457 shares of the company’s stock, valued at approximately $884,798.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Several institutional investors and hedge funds have recently modified their holdings of the company. BKD Wealth Advisors LLC grew its stake in shares of Yum China Holdings by 0.4% during the 2nd quarter. BKD Wealth Advisors LLC now owns 7,547 shares of the company’s stock worth $298,000 after acquiring an additional 30 shares in the last quarter. Parkside Financial Bank & Trust grew 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. Hall Capital Management Co. Inc. grew its stake in shares of Yum China Holdings by 1.2% during the 2nd quarter. Hall Capital Management Co. Inc. now owns 10,126 shares of the company’s stock worth $399,000 after acquiring an additional 118 shares in the last quarter. North Star Asset Management Inc. grew its stake 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 worth $2,849,000 after acquiring an additional 190 shares in the last quarter. Finally, Auxier Asset Management grew its stake in shares of Yum China Holdings by 1.5% during the 2nd quarter. Auxier Asset Management now owns 13,437 shares of the company’s stock worth $530,000 after acquiring an additional 200 shares in the last quarter.

About Yum China Holdings

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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