Yum China (YUMC) Receives New Coverage from Analysts at Macquarie
Macquarie initiated coverage on shares of Yum China (NYSE:YUMC) in a research note issued to investors on Wednesday morning. The firm issued an outperform rating and a $55.00 target price on the stock.
YUMC has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Yum China from a sell rating to a hold rating in a report on Friday, November 3rd. Oppenheimer lifted their price objective on shares of Yum China from $43.00 to $45.00 and gave the company an outperform rating in a report on Friday, October 6th. Deutsche Bank upgraded shares of Yum China from a hold rating to a buy rating and set a $45.30 price objective for the company in a report on Friday, October 6th. Bank of America reiterated a neutral rating and set a $45.10 price objective (up previously from $41.60) on shares of Yum China in a report on Friday, October 6th. Finally, Citigroup initiated coverage on shares of Yum China in a report on Monday, September 18th. They set a buy rating and a $51.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. Yum China currently has a consensus rating of Buy and a consensus target price of $44.28.
Yum China (YUMC) traded up $0.24 during trading on Wednesday, hitting $42.50. 2,190,000 shares of the stock traded hands, compared to its average volume of 1,680,000. The company has a market cap of $16,330.00 and a price-to-earnings ratio of 28.15. The company has a quick ratio of 1.42, a current ratio of 1.69 and a debt-to-equity ratio of 0.01. Yum China has a 12-month low of $25.53 and a 12-month high of $43.55.
The company also recently disclosed a special dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. Yum China’s payout ratio is currently 6.62%.
In related news, insider Danny Tan sold 2,124 shares of Yum China stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $41.84, for a total value of $88,868.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Ai sold 17,678 shares of Yum China stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $43.05, for a total transaction of $761,037.90. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Yum China by 28.7% during 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 lifted its stake in Yum China by 4.2% during 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. FMR LLC lifted its stake in shares of Yum China 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 purchasing an additional 455,254 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Yum China 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 purchasing an additional 1,605,418 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Yum China by 4.4% in the 2nd quarter. Northern Trust Corp now owns 3,716,823 shares of the company’s stock valued at $146,554,000 after purchasing an additional 157,477 shares during the period. Institutional investors own 80.07% of the company’s stock.
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Yum China 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.
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