Shares of Yum China Holdings, Inc. (NYSE:YUMC) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $73.77.
YUMC has been the topic of several research analyst reports. Macquarie cut Yum China from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $56.00 to $52.90 in a research report on Wednesday, September 15th. Zacks Investment Research cut Yum China from a “hold” rating to a “strong sell” rating and set a $49.00 price objective on the stock. in a research report on Tuesday, September 28th. Finally, The Goldman Sachs Group boosted their price objective on Yum China from $74.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, July 7th.
Institutional investors and hedge funds have recently modified their holdings of the business. Sargent Bickham Lagudis LLC raised its stake in shares of Yum China by 526.3% during the 1st quarter. Sargent Bickham Lagudis LLC now owns 476 shares of the company’s stock valued at $28,000 after purchasing an additional 400 shares during the period. Albion Financial Group UT purchased a new stake in shares of Yum China in the second quarter worth about $28,000. Elmwood Wealth Management Inc. bought a new position in shares of Yum China in the first quarter valued at approximately $30,000. Eagle Bay Advisors LLC bought a new position in shares of Yum China in the second quarter valued at approximately $34,000. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Yum China by 521.9% in the first quarter. Harvest Fund Management Co. Ltd now owns 597 shares of the company’s stock valued at $35,000 after acquiring an additional 501 shares during the period. Hedge funds and other institutional investors own 81.50% of the company’s stock.
Yum China (NYSE:YUMC) last announced its earnings results on Wednesday, July 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Yum China had a net margin of 10.41% and a return on equity of 12.77%. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.49 billion. As a group, research analysts forecast that Yum China will post 1.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 16th. Shareholders of record on Wednesday, August 25th were paid a $0.12 dividend. The ex-dividend date was Tuesday, August 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.81%. Yum China’s payout ratio is presently 31.37%.
About Yum China
Yum China Holdings, Inc engages in the operation and management of restaurants and fast food chains. It operates through the following segments: Kentucky Fried Chicken (KFC), Pizza Hut, and All Other Segments. The KFC segment operates restaurant chain. The Pizza Hut segment covers the Pizza Hut casual dining and Pizza Hut home service.
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