Shares of Yum China Holdings Inc (NYSE:YUMC) gapped up prior to trading on Wednesday . The stock had previously closed at $39.72, but opened at $40.63. Yum China shares last traded at $42.24, with a volume of 2435419 shares traded.
A number of brokerages have recently issued reports on YUMC. Zacks Investment Research raised Yum China from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Morgan Stanley reissued an “overweight” rating and set a $45.00 price objective on shares of Yum China in a research note on Monday, October 9th. Nomura began coverage on Yum China in a research note on Monday, October 9th. They set a “buy” rating and a $51.60 price objective on the stock. Instinet reissued a “buy” rating and set a $51.60 price objective (up previously from $51.50) on shares of Yum China in a research note on Monday, October 9th. Finally, CIBC reissued an “outperform” rating and set a $45.00 price objective (up previously from $43.00) on shares of Yum China in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.28.
The firm has a market capitalization of $16,231.79, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 2.28 and a beta of -1.98. The company has a quick ratio of 1.42, a current ratio of 1.69 and a debt-to-equity ratio of 0.01.
Yum China (NYSE:YUMC) last released its quarterly earnings data on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). Yum China had a return on equity of 21.35% and a net margin of 8.43%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm posted $0.52 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. equities analysts expect that Yum China Holdings Inc will post 1.44 EPS for the current year.
In other Yum China news, insider Angela Ai sold 17,678 shares of Yum China stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $43.05, for a total value of $761,037.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Danny Tan sold 2,124 shares of Yum China stock in a transaction on Monday, October 9th. The shares were sold at an average price of $41.84, for a total value of $88,868.16. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. San Francisco Sentry Investment Group CA purchased a new stake in Yum China in the second quarter valued at $157,000. Tower Research Capital LLC TRC purchased a new stake in shares of Yum China in the 2nd quarter valued at $176,000. Goelzer Investment Management Inc. purchased a new stake in shares of Yum China in the 3rd quarter valued at $201,000. Williams Jones & Associates LLC purchased a new stake in shares of Yum China in the 2nd quarter valued at $217,000. Finally, Fayez Sarofim & Co. purchased a new stake in shares of Yum China in the 2nd quarter valued at $218,000. Institutional investors own 80.07% of the company’s stock.
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Yum China 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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