Yum China Holdings Inc (NASDAQ:YUMC) – Equities researchers at Oppenheimer Holdings decreased their Q1 2017 earnings per share (EPS) estimates for shares of Yum China Holdings in a report released on Tuesday, Zacks Investment Research reports. Oppenheimer Holdings analyst B. Bittner now expects that the company will earn $0.36 per share for the quarter, down from their prior estimate of $0.40. Oppenheimer Holdings has a “Outperform” rating and a $35.00 price target on the stock.
Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings data on Wednesday, April 5th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis.
Several other brokerages have also recently weighed in on YUMC. CIBC boosted their price objective on Yum China Holdings from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, April 10th. Zacks Investment Research cut Yum China Holdings from a “hold” rating to a “sell” rating in a research note on Friday, April 7th. Vetr cut Yum China Holdings from a “strong-buy” rating to a “buy” rating and set a $31.65 target price for the company. in a research note on Monday, February 6th. Sanford C. Bernstein set a $76.00 target price on Yum China Holdings and gave the stock a “buy” rating in a research note on Thursday, January 26th. Finally, Deutsche Bank AG initiated coverage on Yum China Holdings in a research note on Friday, February 24th. They set a “buy” rating and a $31.48 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $32.38.
Yum China Holdings (NASDAQ:YUMC) traded down 1.436% on Thursday, hitting $32.605. 2,063,886 shares of the stock were exchanged. The company’s 50 day moving average is $28.22 and its 200 day moving average is $27.20. Yum China Holdings has a 1-year low of $23.79 and a 1-year high of $33.28. The stock has a market cap of $12.53 billion and a PE ratio of 23.974.
Large investors have recently made changes to their positions in the stock. Linscomb & Williams Inc. acquired a new stake in shares of Yum China Holdings during the fourth quarter valued at about $255,000. M&R Capital Management Inc. acquired a new stake in shares of Yum China Holdings during the fourth quarter valued at about $320,000. Aberdeen Asset Management PLC UK acquired a new stake in shares of Yum China Holdings during the fourth quarter valued at about $615,642,000. Pitcairn Co. acquired a new stake in shares of Yum China Holdings during the fourth quarter valued at about $219,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Yum China Holdings during the fourth quarter valued at about $2,445,000.
In other Yum China Holdings news, insider Riu Sun sold 5,422 shares of the firm’s stock in a transaction on Friday, April 7th. The stock was sold at an average price of $31.22, for a total transaction of $169,274.84. Following the completion of the sale, the insider now owns 17,828 shares of the company’s stock, valued at approximately $556,590.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Muktesh Pant purchased 100,000 shares of the business’s stock in a transaction on Friday, April 7th. The shares were acquired at an average cost of $31.17 per share, with a total value of $3,117,000.00. Following the acquisition, the chief executive officer now directly owns 115,733 shares in the company, valued at $3,607,397.61. The disclosure for this purchase can be found here. In the last three months, insiders sold 31,070 shares of company stock valued at $1,010,868.
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.
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