Yum China Holdings Inc (NASDAQ:YUMC)‘s stock had its “overweight” rating reiterated by research analysts at Morgan Stanley in a report issued on Monday. They currently have a $45.00 price target on the stock. Morgan Stanley’s price objective suggests a potential upside of 5.86% from the company’s current price.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Yum China Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Oppenheimer Holdings, Inc. raised their target price on Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $35.90 target price (up from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Nomura assumed coverage on Yum China Holdings in a research report on Monday. They issued a “buy” rating and a $51.60 target price on the stock. Finally, Instinet reissued a “buy” rating and issued a $51.60 target price (up from $51.50) on shares of Yum China Holdings in a research report on Monday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.35.
Yum China Holdings (NASDAQ:YUMC) opened at 42.51 on Monday. The company has a 50 day moving average of $39.24 and a 200-day moving average of $39.24. The stock has a market capitalization of $16.33 billion and a P/E ratio of 31.26. Yum China Holdings has a one year low of $23.79 and a one year high of $43.47.
Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings data on Thursday, October 5th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.04). The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.52 earnings per share. Equities research analysts predict that Yum China Holdings will post $1.43 earnings per share for the current fiscal year.
Yum China Holdings declared that its board has approved a stock repurchase program on Thursday, October 5th that authorizes the company to repurchase $550.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.
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In other news, insider Mark Chu sold 22,184 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $37.72, for a total value of $836,780.48. Following the transaction, the insider now owns 23,457 shares of the company’s stock, valued at $884,798.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Danny Tan sold 2,124 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was 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. Insiders sold 24,928 shares of company stock worth $947,863 in the last ninety days.
Several hedge funds and other institutional investors have recently bought and sold shares of YUMC. BlackRock Inc. raised its stake in Yum China Holdings by 28.7% during the 2nd quarter. BlackRock Inc. now owns 27,306,495 shares of the company’s stock valued at $1,076,695,000 after purchasing an additional 6,087,048 shares during the period. State Street Corp raised its stake in Yum China Holdings by 4.2% during the 2nd quarter. State Street Corp now owns 9,922,703 shares of the company’s stock valued at $391,256,000 after purchasing an additional 396,628 shares during the period. Clearbridge Investments LLC raised its stake in Yum China Holdings by 13.8% during the 1st quarter. Clearbridge Investments LLC now owns 7,908,117 shares of the company’s stock valued at $215,101,000 after purchasing an additional 956,175 shares during the period. FMR LLC raised its stake in Yum China Holdings by 7.4% during the 2nd quarter. FMR LLC now owns 6,576,492 shares of the company’s stock valued at $259,311,000 after purchasing an additional 455,254 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in Yum China Holdings by 62.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,167,324 shares of the company’s stock valued at $164,318,000 after purchasing an additional 1,605,418 shares during the period.
About Yum China Holdings
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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