Yum China Holdings Inc (YUMC) Stock Rating Reaffirmed by Instinet
Instinet reaffirmed their buy rating on shares of Yum China Holdings Inc (NASDAQ:YUMC) in a research note published on Monday. Instinet currently has a $51.60 price objective on the stock, up from their prior price objective of $51.50.
A number of other research firms also recently commented on YUMC. Bank of America Corporation restated a neutral rating and set a $45.10 price objective (up from $41.60) on shares of Yum China Holdings in a research note on Friday, October 6th. Nomura assumed coverage on shares of Yum China Holdings in a research note on Monday. They set a buy rating and a $51.60 price objective for the company. Deutsche Bank AG downgraded shares of Yum China Holdings from a buy rating to a hold rating and increased their price objective for the stock from $34.72 to $36.61 in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. increased their price objective on shares of Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) restated 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. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Yum China Holdings currently has a consensus rating of Hold and an average price target of $42.35.
Shares of Yum China Holdings (NASDAQ YUMC) opened at 42.94 on Monday. Yum China Holdings has a one year low of $23.79 and a one year high of $43.47. The stock has a market capitalization of $16.49 billion and a price-to-earnings ratio of 31.57. The company’s 50 day moving average price is $39.52 and its 200 day moving average price is $39.52.
Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings data on Thursday, October 5th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts expect that Yum China Holdings will post $1.42 earnings per share for the current fiscal year.
WARNING: “Yum China Holdings Inc (YUMC) Stock Rating Reaffirmed by Instinet” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/10/13/yum-china-holdings-inc-yumc-stock-rating-reaffirmed-by-instinet.html.
The company also recently announced a special dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 29th.
Yum China Holdings announced that its Board of Directors has initiated a share buyback plan on Thursday, October 5th that permits the company to repurchase $550.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
In other news, insider Mark Chu sold 22,184 shares of the company’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 sale, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, insider Danny Tan sold 2,124 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $41.84, for a total transaction of $88,868.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,928 shares of company stock worth $947,863.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Yum China Holdings by 28.7% in the 2nd quarter. BlackRock Inc. now owns 27,306,495 shares of the company’s stock valued at $1,076,695,000 after acquiring an additional 6,087,048 shares during the period. State Street Corp raised its holdings in Yum China Holdings by 4.2% in the 2nd quarter. State Street Corp now owns 9,922,703 shares of the company’s stock valued at $391,256,000 after acquiring an additional 396,628 shares during the period. Clearbridge Investments LLC raised its holdings in Yum China Holdings by 13.8% in the 1st quarter. Clearbridge Investments LLC now owns 7,908,117 shares of the company’s stock valued at $215,101,000 after acquiring an additional 956,175 shares during the period. FMR LLC raised its holdings in Yum China Holdings by 7.4% in the 2nd quarter. FMR LLC now owns 6,576,492 shares of the company’s stock valued at $259,311,000 after acquiring an additional 455,254 shares during the period. Finally, UBS Asset Management Americas Inc. raised its holdings in Yum China Holdings by 62.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,167,324 shares of the company’s stock valued at $164,318,000 after acquiring an additional 1,605,418 shares during the period.
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.
Receive News & Stock Ratings for Yum China Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum China Holdings Inc and related stocks with our FREE daily email newsletter.