Yum China Holdings Inc (YUMC) Receives “Neutral” Rating from Bank of America Corporation
Yum China Holdings Inc (NASDAQ:YUMC)‘s stock had its “neutral” rating reiterated by research analysts at Bank of America Corporation in a research note issued to investors on Friday. They currently have a $45.10 price target on the stock, up from their prior price target of $41.60. Bank of America Corporation’s price objective would suggest a potential upside of 10.49% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. Citigroup Inc. began coverage on shares of Yum China Holdings in a research note on Monday, September 18th. They set a “buy” rating and a $51.00 target price for the company. Zacks Investment Research cut shares of Yum China Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Morgan Stanley reiterated an “overweight” rating and set a $41.00 target price on shares of Yum China Holdings in a research note on Friday, July 7th. Deutsche Bank AG cut shares of Yum China Holdings from a “buy” rating to a “hold” rating and upped their target price for the company from $34.72 to $36.61 in a research note on Thursday, July 6th. Finally, Oppenheimer Holdings, Inc. upped their target price on shares of Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $39.52.
Yum China Holdings (NASDAQ YUMC) traded up 2.13% during midday trading on Friday, reaching $40.82. 8,022,639 shares of the company were exchanged. The firm’s 50-day moving average is $38.81 and its 200-day moving average is $38.81. Yum China Holdings has a one year low of $23.79 and a one year high of $41.10. The firm has a market cap of $15.65 billion and a P/E ratio of 30.01.
Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings data 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). Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Yum China Holdings’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts expect that Yum China Holdings will post $1.46 EPS for the current fiscal year.
Yum China Holdings announced that its Board of Directors has initiated a stock buyback plan on Thursday, October 5th that allows the company to repurchase $550.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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In other Yum China Holdings news, insider Mark Chu sold 22,184 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total value of $836,780.48. Following the sale, the insider now owns 23,457 shares of the company’s stock, valued at approximately $884,798.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of institutional investors have recently made changes to their positions in the business. BKD Wealth Advisors LLC increased its holdings in Yum China Holdings by 0.4% in the 2nd quarter. BKD Wealth Advisors LLC now owns 7,547 shares of the company’s stock valued at $298,000 after buying an additional 30 shares during the period. Parkside Financial Bank & Trust increased its holdings in 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 buying an additional 102 shares during the period. Hall Capital Management Co. Inc. increased its holdings in Yum China Holdings by 1.2% in the 2nd quarter. Hall Capital Management Co. Inc. now owns 10,126 shares of the company’s stock valued at $399,000 after buying an additional 118 shares during the period. North Star Asset Management Inc. increased its holdings in Yum China Holdings by 0.3% in the 2nd quarter. North Star Asset Management Inc. now owns 72,246 shares of the company’s stock valued at $2,849,000 after buying an additional 190 shares during the period. Finally, Auxier Asset Management increased its holdings in Yum China Holdings by 1.5% in the 2nd quarter. Auxier Asset Management now owns 13,437 shares of the company’s stock valued at $530,000 after buying an additional 200 shares during the period.
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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