Yum China Holdings Inc (YUMC) Receives $47.65 Consensus Price Target from Analysts
Yum China Holdings Inc (NYSE:YUMC) has earned an average rating of “Buy” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $47.65.
Several research analysts have commented on the company. Zacks Investment Research downgraded Yum China from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. UBS Group upped their price objective on Yum China from $46.07 to $56.06 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Bank of America raised Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price objective for the company in a research note on Tuesday, April 30th. Goldman Sachs Group raised Yum China from a “neutral” rating to a “buy” rating and upped their price objective for the company from $43.00 to $54.00 in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. upped their price objective on Yum China from $36.50 to $48.00 and gave the company an “overweight” rating in a research note on Monday, March 18th.
Shares of NYSE YUMC opened at $38.49 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.30 and a quick ratio of 1.13. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 2.52 and a beta of 0.81. Yum China has a 12 month low of $30.10 and a 12 month high of $48.27.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, May 24th. Yum China’s dividend payout ratio is currently 31.37%.
In related news, insider Alice H. Wang sold 1,697 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $46.09, for a total value of $78,214.73. Following the sale, the insider now directly owns 10,120 shares in the company, valued at $466,430.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela Ai sold 7,368 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $42.00, for a total value of $309,456.00. Following the completion of the sale, the insider now owns 16,382 shares in the company, valued at $688,044. The disclosure for this sale can be found here. Insiders sold 32,190 shares of company stock valued at $1,412,132 in the last ninety days. 0.44% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Yum China by 19.5% in the first quarter. BlackRock Inc. now owns 39,168,859 shares of the company’s stock valued at $1,759,077,000 after acquiring an additional 6,383,587 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Yum China by 83.4% during the 1st quarter. OppenheimerFunds Inc. now owns 17,160,157 shares of the company’s stock worth $770,663,000 after buying an additional 7,804,046 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Yum China by 0.6% during the 1st quarter. Loomis Sayles & Co. L P now owns 14,592,648 shares of the company’s stock worth $655,356,000 after buying an additional 84,630 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Yum China by 76.4% during the 1st quarter. JPMorgan Chase & Co. now owns 10,804,636 shares of the company’s stock worth $485,236,000 after buying an additional 4,679,434 shares in the last quarter. Finally, Matthews International Capital Management LLC boosted its holdings in shares of Yum China by 2.7% during the 1st quarter. Matthews International Capital Management LLC now owns 5,033,610 shares of the company’s stock worth $226,059,000 after buying an additional 130,900 shares in the last quarter. Institutional investors and hedge funds own 81.72% of the company’s stock.
About Yum China
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
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