Yum China (NYSE:YUMC) was upgraded by equities researchers at Bank of America from an “underperform” rating to a “neutral” rating in a research note issued on Wednesday, Marketbeat reports. The firm currently has a $35.00 price objective on the stock, up from their prior price objective of $34.00. Bank of America’s price objective suggests a potential downside of 2.34% from the stock’s previous close.
Several other analysts have also commented on YUMC. Oppenheimer cut their target price on shares of Yum China from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 2nd. Zacks Investment Research lowered shares of Yum China from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. Macquarie lowered shares of Yum China from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 2nd. Finally, UBS Group lowered shares of Yum China from an “outperform” rating to a “market perform” rating in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.75.
YUMC stock opened at $35.84 on Wednesday. Yum China has a 12 month low of $30.10 and a 12 month high of $48.75. The company has a market cap of $12.15 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 1.47 and a beta of 1.11. The company has a quick ratio of 1.51, a current ratio of 1.74 and a debt-to-equity ratio of 0.01.
Yum China (NYSE:YUMC) last released its earnings results on Tuesday, October 30th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Yum China had a net margin of 6.45% and a return on equity of 20.94%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts predict that Yum China will post 1.51 earnings per share for the current fiscal year.
In related news, insider Angela Ai sold 4,529 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $38.25, for a total value of $173,234.25. Following the completion of the sale, the insider now owns 9,000 shares in the company, valued at approximately $344,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Kovack Advisors Inc. lifted its position in shares of Yum China by 24.8% in the 3rd quarter. Kovack Advisors Inc. now owns 7,583 shares of the company’s stock valued at $266,000 after acquiring an additional 1,505 shares in the last quarter. North Star Asset Management Inc. lifted its position in Yum China by 2.4% in the 2nd quarter. North Star Asset Management Inc. now owns 72,983 shares of the company’s stock worth $2,807,000 after buying an additional 1,715 shares in the last quarter. Atria Investments LLC lifted its position in Yum China by 28.1% in the 2nd quarter. Atria Investments LLC now owns 9,081 shares of the company’s stock worth $349,000 after buying an additional 1,990 shares in the last quarter. Pennsylvania Trust Co lifted its position in Yum China by 30.7% in the 2nd quarter. Pennsylvania Trust Co now owns 8,718 shares of the company’s stock worth $335,000 after buying an additional 2,050 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH lifted its position in Yum China by 8.9% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 25,057 shares of the company’s stock worth $964,000 after buying an additional 2,055 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.
Yum China Company Profile
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.
Read More: Cost of Debt
Receive News & Ratings for Yum China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum China and related companies with MarketBeat.com's FREE daily email newsletter.