Yum China Holdings Inc (YUMC) Earns Buy Rating from Oppenheimer Holdings, Inc.
YUMC has been the subject of several other research reports. J P Morgan Chase & Co started coverage on shares of Yum China Holdings in a report on Friday, June 2nd. They set an overweight rating and a $42.00 price target for the company. Morgan Stanley increased their price objective 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. Zacks Investment Research cut shares of Yum China Holdings from a hold rating to a sell rating in a report on Wednesday, September 6th. Deutsche Bank AG cut 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 report on Thursday, July 6th. Finally, Bank of America Corporation reiterated a neutral rating and issued a $41.60 price objective on shares of Yum China Holdings in a research report on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $38.68.
Yum China Holdings (NASDAQ:YUMC) opened at 40.39 on Friday. The stock has a market cap of $15.48 billion and a P/E ratio of 29.70. The firm’s 50-day moving average is $38.60 and its 200-day moving average is $38.60. Yum China Holdings has a 12 month low of $23.79 and a 12 month high of $40.63.
Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. Yum China Holdings’s revenue was up .4% on a year-over-year basis. On average, equities analysts forecast that Yum China Holdings will post $1.46 earnings per share for the current fiscal year.
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In related 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 completion of the sale, the insider now owns 23,457 shares of the company’s stock, valued at $884,798.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of large investors have recently made changes to their positions in YUMC. Lord Abbett & CO. LLC acquired a new stake in Yum China Holdings in the second quarter worth approximately $62,217,000. Cetera Investment Advisers bought a new position in Yum China Holdings during the 2nd quarter valued at $569,000. Dynamic Technology Lab Private Ltd boosted its stake in Yum China Holdings by 18.2% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,029 shares of the company’s stock valued at $750,000 after purchasing an additional 2,931 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Yum China Holdings by 55.5% during the 2nd quarter. WINTON GROUP Ltd now owns 32,205 shares of the company’s stock valued at $1,270,000 after purchasing an additional 11,489 shares in the last quarter. Finally, North Star Asset Management Inc. boosted its stake in 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 valued at $2,849,000 after purchasing an additional 190 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.
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