Yum China (NYSE:YUMC) was upgraded by equities researchers at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Wednesday, The Fly reports. The firm presently has a $54.00 target price on the stock, up from their previous target price of $43.00. Goldman Sachs Group’s target price indicates a potential upside of 21.47% from the company’s current price.
Several other analysts also recently weighed in on the company. OTR Global upgraded Yum China to a “positive” rating in a research note on Thursday, April 11th. Zacks Investment Research downgraded Yum China from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. raised their target price on Yum China from $36.50 to $48.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Finally, TheStreet upgraded Yum China from a “c+” rating to a “b” rating in a research note on Thursday, January 24th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Yum China has an average rating of “Buy” and an average price target of $43.80.
NYSE YUMC traded up $0.20 during trading hours on Wednesday, hitting $44.46. The company had a trading volume of 619,140 shares, compared to its average volume of 2,447,367. Yum China has a fifty-two week low of $30.10 and a fifty-two week high of $46.19. The company has a market cap of $16.58 billion, a P/E ratio of 29.06, a P/E/G ratio of 3.05 and a beta of 0.80. The company has a current ratio of 1.56, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01.
Yum China (NYSE:YUMC) last announced its quarterly earnings results on Thursday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.94 billion. Yum China had a return on equity of 19.62% and a net margin of 8.41%. On average, sell-side analysts forecast that Yum China will post 1.64 EPS for the current fiscal year.
In other news, insider Ted Lee sold 2,246 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $40.98, for a total transaction of $92,041.08. Following the transaction, the insider now owns 1,863 shares of the company’s stock, valued at $76,345.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Danny Tan sold 7,502 shares of the stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $41.00, for a total transaction of $307,582.00. Following the transaction, the insider now directly owns 30,538 shares in the company, valued at approximately $1,252,058. The disclosure for this sale can be found here. Insiders have sold 59,732 shares of company stock worth $2,541,095 in the last ninety days. Corporate insiders own 0.44% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Paragon Capital Management LLC bought a new stake in shares of Yum China during the first quarter valued at approximately $26,000. Lavaca Capital LLC bought a new stake in shares of Yum China during the fourth quarter valued at approximately $25,000. Doyle Wealth Management bought a new stake in shares of Yum China during the fourth quarter valued at approximately $28,000. Intercontinental Wealth Advisors LLC bought a new stake in shares of Yum China during the fourth quarter valued at approximately $34,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of Yum China by 49.7% during the fourth quarter. AdvisorNet Financial Inc now owns 1,048 shares of the company’s stock valued at $35,000 after buying an additional 348 shares during the last quarter. 78.11% of the stock is currently owned by institutional investors and hedge funds.
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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