Yum China Holdings Inc. (YUMC) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Yum China Holdings Inc. (NYSE:YUMC) have received an average recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $42.35.
YUMC has been the topic of a number of analyst reports. Citigroup Inc. assumed coverage on Yum China Holdings in a research note on Monday, September 18th. They issued a “buy” rating and a $51.00 price target on the stock. Deutsche Bank AG raised Yum China Holdings from a “hold” rating to a “buy” rating and set a $45.30 price objective on the stock in a research note on Friday, October 6th. Zacks Investment Research downgraded Yum China Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $43.00 price objective on shares of Yum China Holdings in a research note on Friday, September 29th. Finally, Nomura assumed coverage on Yum China Holdings in a research note on Monday, October 9th. They set a “buy” rating and a $51.60 price objective on the stock.
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In other Yum China Holdings news, insider Angela Ai sold 17,678 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $43.05, for a total transaction of $761,037.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Danny Tan sold 2,124 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $41.84, for a total value of $88,868.16. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust grew its holdings in shares of Yum China Holdings by 3.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock valued at $107,000 after acquiring an additional 102 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of Yum China Holdings in the 2nd quarter valued at about $157,000. Nippon Life Insurance Co. bought a new position in shares of Yum China Holdings in the 2nd quarter valued at about $162,000. Tower Research Capital LLC TRC bought a new position in shares of Yum China Holdings in the 2nd quarter valued at about $176,000. Finally, Goelzer Investment Management Inc. bought a new position in shares of Yum China Holdings in the 3rd quarter valued at about $201,000. Hedge funds and other institutional investors own 77.89% of the company’s stock.
Yum China Holdings (NYSE YUMC) opened at $41.45 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.69 and a quick ratio of 1.42. The firm has a market capitalization of $16,189.52 and a price-to-earnings ratio of 30.09. Yum China Holdings has a 12 month low of $25.53 and a 12 month high of $43.55.
Yum China Holdings (NYSE:YUMC) last posted its quarterly earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.98 billion. Yum China Holdings had a net margin of 8.43% and a return on equity of 21.35%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. sell-side analysts forecast that Yum China Holdings will post 1.44 earnings per share for the current year.
The company also recently announced a special dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 29th.
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.
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