Yum China Holdings Inc (NASDAQ:YUMC)‘s stock had its “neutral” rating reiterated by equities research analysts at Bank of America Corporation in a research note issued to investors on Friday. They currently have a $45.10 price objective on the stock, up from their prior price objective of $41.60. Bank of America Corporation’s price objective suggests a potential upside of 10.49% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Oppenheimer Holdings, Inc. increased their price target on Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Citigroup Inc. started coverage on Yum China Holdings in a research report on Monday, September 18th. They set a “buy” rating and a $51.00 price target on the stock. Deutsche Bank AG raised Yum China Holdings from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research downgraded Yum China Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $35.90 price target (up previously from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $39.52.
Yum China Holdings (NASDAQ:YUMC) opened at 40.82 on Friday. The firm’s 50-day moving average price is $38.91 and its 200 day moving average price is $38.91. Yum China Holdings has a 12 month low of $23.79 and a 12 month high of $41.10. The stock has a market cap of $15.65 billion and a price-to-earnings ratio of 30.01.
Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings results on Thursday, October 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company posted $0.52 EPS. Yum China Holdings’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, analysts anticipate that Yum China Holdings will post $1.46 earnings per share for the current year.
Yum China Holdings announced that its Board of Directors has authorized a share repurchase program on Thursday, October 5th that authorizes the company to buyback $550.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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In related news, insider Mark Chu sold 22,184 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was 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 in the company, valued at approximately $884,798.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Several hedge funds and other institutional investors have recently modified their holdings of YUMC. Comerica Bank lifted its stake in shares of Yum China Holdings by 8.6% during the 1st quarter. Comerica Bank now owns 28,737 shares of the company’s stock worth $985,000 after purchasing an additional 2,273 shares during the last quarter. World Asset Management Inc purchased a new stake in shares of Yum China Holdings during the 1st quarter worth $215,000. Envestnet Asset Management Inc. lifted its stake in shares of Yum China Holdings by 42.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 35,414 shares of the company’s stock worth $961,000 after purchasing an additional 10,580 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Yum China Holdings by 209.0% during the 1st quarter. Neuberger Berman Group LLC now owns 54,686 shares of the company’s stock worth $1,487,000 after purchasing an additional 36,987 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Yum China Holdings by 41.0% during the 1st quarter. Alliancebernstein L.P. now owns 340,372 shares of the company’s stock worth $9,258,000 after purchasing an additional 99,020 shares during the last quarter.
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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