Yum China Holdings Inc (NASDAQ:YUMC)‘s stock had its “neutral” rating reissued by Bank of America Corporation in a research note issued on Friday, October 6th. They currently have a $45.10 price objective on the stock, up from their previous price objective of $41.60. Bank of America Corporation’s price target indicates a potential upside of 5.72% from the stock’s current price.
Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Yum China Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Oppenheimer Holdings, Inc. lifted their price objective on Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $35.90 price objective (up from $33.10) on shares of Yum China Holdings in a report on Thursday, July 6th. CIBC reaffirmed an “outperform” rating and set a $45.00 price objective (up from $43.00) on shares of Yum China Holdings in a report on Friday, October 6th. Finally, Citigroup Inc. assumed coverage on Yum China Holdings in a report on Monday, September 18th. They set a “buy” rating and a $51.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Yum China Holdings currently has an average rating of “Hold” and an average price target of $42.35.
Yum China Holdings (NASDAQ YUMC) opened at 42.66 on Friday. The stock has a 50 day moving average price of $39.65 and a 200 day moving average price of $39.65. The stock has a market cap of $16.39 billion and a PE ratio of 31.37. Yum China Holdings has a 52 week low of $23.79 and a 52 week high of $43.55.
Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings results on Thursday, October 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.04). Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. On average, equities analysts predict that Yum China Holdings will post $1.41 earnings per share for the current year.
Yum China Holdings declared that its Board of Directors has authorized a share repurchase program on Thursday, October 5th that permits the company to buyback $550.00 million in shares. This buyback authorization permits the company to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
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In other Yum China Holdings news, insider Angela Ai sold 17,678 shares of Yum China Holdings stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $43.05, for a total value of $761,037.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Chu sold 22,184 shares of Yum China Holdings stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total transaction of $836,780.48. Following the completion of the sale, the insider now directly owns 23,457 shares of the company’s stock, valued at $884,798.04. The disclosure for this sale can be found here. Insiders have sold 42,606 shares of company stock valued at $1,708,901 in the last three months.
Institutional investors and hedge funds have recently bought and sold shares of the business. Parkside Financial Bank & Trust increased its stake in Yum China Holdings by 3.9% in the second quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock valued at $107,000 after purchasing an additional 102 shares in the last quarter. FNY Partners Fund LP increased 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 valued at $100,000 after purchasing an additional 3,600 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new stake in Yum China Holdings in the second quarter valued at $157,000. Nippon Life Insurance Co. bought a new stake in Yum China Holdings in the second quarter valued at $162,000. Finally, Tower Research Capital LLC TRC bought a new stake in Yum China Holdings in the second quarter valued at $176,000.
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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