Yum China Holdings Inc (YUMC) Earns “Overweight” Rating from Morgan Stanley

Morgan Stanley reaffirmed their overweight rating on shares of Yum China Holdings Inc (NASDAQ:YUMC) in a report published on Friday morning. They currently have a $41.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on the company. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a $35.90 target price (up from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Deutsche Bank AG cut shares of Yum China Holdings from a buy rating to a hold rating and raised their price target for the stock from $34.72 to $36.61 in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. raised their price target 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 $45.00 price target for the company in a research note on Wednesday, June 28th. Finally, J P Morgan Chase & Co assumed coverage on shares of Yum China Holdings in a research note on Friday, June 2nd. They set an overweight rating and a $42.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Yum China Holdings has a consensus rating of Hold and an average target price of $37.16.

Yum China Holdings (NASDAQ:YUMC) opened at 37.33 on Friday. The company has a 50 day moving average price of $38.56 and a 200 day moving average price of $30.87. The firm has a market cap of $14.31 billion and a PE ratio of 27.45. Yum China Holdings has a 1-year low of $23.79 and a 1-year high of $42.12.

Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. Yum China Holdings had a return on equity of 28.32% and a net margin of 14.02%. The firm’s quarterly revenue was up .4% on a year-over-year basis. On average, equities research analysts forecast that Yum China Holdings will post $1.46 earnings per share for the current year.

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In other Yum China Holdings news, Director Louis Hsieh bought 30,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was purchased at an average price of $34.85 per share, with a total value of $1,045,500.00. Following the acquisition, the director now owns 39,080 shares of the company’s stock, valued at $1,361,938. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark Chu sold 11,142 shares of Yum China Holdings stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $33.60, for a total transaction of $374,371.20. Following the sale, the insider now directly owns 22,855 shares of the company’s stock, valued at approximately $767,928. The disclosure for this sale can be found here. Insiders sold a total of 38,886 shares of company stock valued at $1,302,322 in the last 90 days.

A number of hedge funds have recently added to or reduced their stakes in the company. FNY Partners Fund LP raised its stake in 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 in the last quarter. 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 valued at $111,000 after buying an additional 625 shares during the period. Private Trust Co. NA purchased a new position in shares of Yum China Holdings during the second quarter valued at about $251,000. Intrust Bank NA purchased a new position in shares of Yum China Holdings during the first quarter valued at about $201,000. Finally, BKD Wealth Advisors LLC raised its position in shares of Yum China Holdings by 0.4% in the second 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.

Yum China Holdings Company Profile

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.

Analyst Recommendations for Yum China Holdings (NASDAQ:YUMC)

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