Zacks Investment Research upgraded shares of Yum China (NYSE:YUMC) from a sell rating to a hold rating in a report released on Thursday, March 15th.
According to Zacks, “Yum China Holdings, Inc. is a licensee of Yum! Brands primarily in mainland China. The company have rights to KFC, China’s quick-service restaurant concept, Pizza Hut, casual dining restaurant brand and Taco Bell. Yum China Holdings, Inc. is based in Shanghai, China. “
Separately, Macquarie initiated coverage on shares of Yum China in a research note on Wednesday, January 3rd. They issued an outperform rating and a $55.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Yum China currently has an average rating of Buy and a consensus target price of $44.51.
Shares of YUMC traded down $1.45 during trading hours on Thursday, reaching $38.55. 4,377,691 shares of the company traded hands, compared to its average volume of 2,313,428. The firm has a market capitalization of $15,429.88, a P/E ratio of 27.15, a P/E/G ratio of 2.09 and a beta of 1.38. Yum China has a 12-month low of $30.67 and a 12-month high of $48.75. The company has a current ratio of 1.77, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01.
Yum China (NYSE:YUMC) last issued its earnings results on Wednesday, February 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. Yum China had a net margin of 5.64% and a return on equity of 20.59%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the firm earned $0.17 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. analysts predict that Yum China will post 1.59 earnings per share for the current year.
The business also recently disclosed a Not Available dividend, which was paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, February 27th. Yum China’s dividend payout ratio (DPR) is currently 14.08%.
In other news, insider Riu Sun sold 10,054 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $40.15, for a total transaction of $403,668.10. Following the transaction, the insider now owns 17,622 shares in the company, valued at $707,523.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Danny Tan sold 3,610 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $44.50, for a total transaction of $160,645.00. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. MML Investors Services LLC increased its holdings in Yum China by 10.4% in the 4th quarter. MML Investors Services LLC now owns 14,121 shares of the company’s stock worth $565,000 after buying an additional 1,333 shares during the period. Franklin Resources Inc. increased its holdings in Yum China by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 120,172 shares of the company’s stock worth $4,809,000 after buying an additional 1,423 shares during the period. Circle Wealth Management LLC increased its holdings in Yum China by 26.9% in the 4th quarter. Circle Wealth Management LLC now owns 7,082 shares of the company’s stock worth $283,000 after buying an additional 1,500 shares during the period. Bbva Compass Bancshares Inc. boosted its position in Yum China by 2.5% in the 4th quarter. Bbva Compass Bancshares Inc. now owns 71,572 shares of the company’s stock worth $2,865,000 after purchasing an additional 1,767 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in Yum China by 10.7% in the 4th quarter. Advisor Group Inc. now owns 23,670 shares of the company’s stock worth $947,000 after purchasing an additional 2,281 shares in the last quarter. Institutional investors own 79.88% of the company’s stock.
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About Yum China
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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