Yum China (NYSE:YUMC) Shares Gap Down to $61.22

Shares of Yum China Holdings, Inc. (NYSE:YUMC) gapped down before the market opened on Wednesday . The stock had previously closed at $61.22, but opened at $57.96. Yum China shares last traded at $57.74, with a volume of 14,385 shares trading hands.

Separately, The Goldman Sachs Group increased their target price on shares of Yum China from $74.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, July 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $85.18.

The company has a market cap of $24.21 billion, a PE ratio of 23.98, a PEG ratio of 3.32 and a beta of 0.79. The stock has a 50 day simple moving average of $62.50 and a two-hundred day simple moving average of $62.80.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Wednesday, July 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.49 billion. Yum China had a net margin of 10.41% and a return on equity of 12.77%. On average, research analysts expect that Yum China Holdings, Inc. will post 1.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 16th. Stockholders of record on Wednesday, August 25th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Tuesday, August 24th. Yum China’s dividend payout ratio (DPR) is currently 31.37%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC bought a new position in shares of Yum China in the first quarter worth about $25,000. Albion Financial Group UT acquired a new stake in shares of Yum China during the second quarter valued at $28,000. Sargent Bickham Lagudis LLC grew its position in shares of Yum China by 526.3% in the 1st quarter. Sargent Bickham Lagudis LLC now owns 476 shares of the company’s stock worth $28,000 after acquiring an additional 400 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Yum China during the 2nd quarter valued at $34,000. Finally, Elmwood Wealth Management Inc. purchased a new position in Yum China in the first quarter valued at about $30,000. Institutional investors and hedge funds own 81.50% of the company’s stock.

About Yum China (NYSE:YUMC)

Yum China Holdings, Inc engages in the operation and management of restaurants and fast food chains. It operates through the following segments: Kentucky Fried Chicken (KFC), Pizza Hut, and All Other Segments. The KFC segment operates restaurant chain. The Pizza Hut segment covers the Pizza Hut casual dining and Pizza Hut home service.

Read More: Understanding Market Liquidity

Receive News & Ratings for Yum China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum China and related companies with MarketBeat.com's FREE daily email newsletter.