Yum China (YUMC) Reaches New 12-Month High Following Analyst Upgrade
Yum China Holdings Inc (NYSE:YUMC)’s share price hit a new 52-week high during trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $36.50 to $48.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Yum China traded as high as $43.95 and last traded at $43.15, with a volume of 188291 shares traded. The stock had previously closed at $42.70.
Several other equities analysts have also recently commented on YUMC. TheStreet raised shares of Yum China from a “c+” rating to a “b” rating in a research report on Thursday, January 24th. Zacks Investment Research cut shares of Yum China from a “hold” rating to a “sell” rating in a research report on Saturday, January 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Yum China has a consensus rating of “Hold” and a consensus price target of $41.00.
In other Yum China news, insider Danny Tan sold 7,502 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $41.00, for a total value of $307,582.00. Following the transaction, the insider now owns 30,538 shares of the company’s stock, valued at $1,252,058. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ted Lee sold 2,246 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $40.98, for a total transaction of $92,041.08. Following the completion of the transaction, the insider now directly owns 1,863 shares in the company, valued at approximately $76,345.74. The disclosure for this sale can be found here. Insiders have sold 36,607 shares of company stock worth $1,516,634 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.
The company has a market cap of $16.19 billion, a P/E ratio of 28.43, a P/E/G ratio of 3.03 and a beta of 0.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 1.56.
Yum China (NYSE:YUMC) last announced its quarterly earnings results on Thursday, January 31st. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. Yum China had a net margin of 8.41% and a return on equity of 19.62%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. On average, research analysts forecast that Yum China Holdings Inc will post 1.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Thursday, February 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.10%. Yum China’s payout ratio is currently 31.37%.
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Yum China Company Profile (NYSE:YUMC)
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, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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