Yum China Holdings Inc (NASDAQ:YUMC)‘s stock had its “overweight” rating reissued by investment analysts at Morgan Stanley in a research report issued to clients and investors on Friday, July 7th. They currently have a $41.00 price target on the stock. Morgan Stanley’s price objective points to a potential upside of 10.42% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Oppenheimer Holdings, Inc. increased their price objective on shares of Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th. Zacks Investment Research upgraded shares of Yum China Holdings from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Friday, May 19th. Vetr cut shares of Yum China Holdings from a “buy” rating to a “hold” rating in a report on Friday, April 7th. Deutsche Bank AG cut shares of Yum China Holdings from a “buy” rating to a “hold” rating and raised their target price for the company from $34.72 to $36.61 in a research note on Thursday, July 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $31.00 target price on shares of Yum China Holdings in a research note on Friday, April 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.56.
Yum China Holdings (NASDAQ YUMC) traded up 0.87% during midday trading on Friday, hitting $37.13. 1,278,445 shares of the stock traded hands. The company’s 50-day moving average is $38.22 and its 200-day moving average is $32.66. Yum China Holdings has a one year low of $23.79 and a one year high of $42.12. The company has a market cap of $14.23 billion and a PE ratio of 27.30.
Yum China Holdings (NASDAQ:YUMC) last announced its earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. Yum China Holdings’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts expect that Yum China Holdings will post $1.44 EPS for the current fiscal year.
In other Yum China Holdings news, Director Louis Hsieh acquired 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $34.85 per share, with a total value of $1,045,500.00. Following the completion of the transaction, the director now owns 39,080 shares in the company, valued at $1,361,938. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shella Ng purchased 4,420 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average cost of $34.75 per share, for a total transaction of $153,595.00. The disclosure for this purchase can be found here.
Several institutional investors have recently added to or reduced their stakes in YUMC. Parkside Financial Bank & Trust raised its position in shares of Yum China Holdings by 3.9% in the second quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock worth $107,000 after buying an additional 102 shares during the period. FNY Partners Fund LP raised its position in shares of Yum China Holdings by 3,600.0% in the first quarter. FNY Partners Fund LP now owns 3,700 shares of the company’s stock worth $100,000 after buying an additional 3,600 shares during the period. Webster Bank N. A. raised its position in shares of Yum China Holdings by 18.1% in the first quarter. Webster Bank N. A. now owns 4,080 shares of the company’s stock worth $111,000 after buying an additional 625 shares during the period. Nippon Life Insurance Co. bought a new position in shares of Yum China Holdings during the second quarter worth about $162,000. Finally, Parthenon LLC bought a new position in shares of Yum China Holdings during the second quarter worth about $209,000.
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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