Yum China Holdings Inc (NASDAQ:YUMC) was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $36.61 price objective on the stock, up from their prior price objective of $34.72. Deutsche Bank AG’s target price points to a potential downside of 1.90% from the company’s current price.
A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Yum China Holdings from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a report on Thursday, June 1st. Oppenheimer Holdings, Inc. raised their price target on shares of Yum China Holdings from $35.00 to $43.00 in a report on Thursday. Sanford C. Bernstein reissued a “market perform” rating and issued a $31.00 price target on shares of Yum China Holdings in a report on Friday, April 7th. Vetr lowered shares of Yum China Holdings from a “buy” rating to a “hold” rating in a report on Friday, April 7th. Finally, Morgan Stanley raised their price target on shares of Yum China Holdings from $35.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $37.16.
Shares of Yum China Holdings (YUMC) opened at 37.32 on Thursday. The company has a 50 day moving average of $38.56 and a 200 day moving average of $30.87. The company has a market cap of $14.31 billion and a PE ratio of 26.47. Yum China Holdings has a 52 week low of $23.79 and a 52 week high of $42.12.
Yum China Holdings (NASDAQ:YUMC) last released its earnings results on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Yum China Holdings had a net margin of 14.02% and a return on equity of 28.32%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. The business’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts expect that Yum China Holdings will post $1.46 EPS for the current year.
In other Yum China Holdings news, Director Louis Hsieh purchased 30,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of $34.85 per share, with a total value of $1,045,500.00. Following the transaction, the director now directly owns 39,080 shares in the company, valued at approximately $1,361,938. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Riu Sun sold 3,377 shares of Yum China Holdings stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $32.44, for a total transaction of $109,549.88. The disclosure for this sale can be found here. Insiders have sold a total of 48,062 shares of company stock worth $1,600,340 in the last ninety days.
A number of hedge funds and other institutional investors have recently modified their holdings of YUMC. FNY Partners Fund LP boosted its position in shares of Yum China Holdings by 3,600.0% in the first quarter. FNY Partners Fund LP now owns 3,700 shares of the company’s stock worth $100,000 after buying an additional 3,600 shares during the period. Webster Bank N. A. boosted its position in shares of Yum China Holdings by 18.1% in the first quarter. Webster Bank N. A. now owns 4,080 shares of the company’s stock worth $111,000 after buying an additional 625 shares during the period. Intrust Bank NA acquired a new position in shares of Yum China Holdings during the first quarter worth about $201,000. World Asset Management Inc acquired a new position in shares of Yum China Holdings during the first quarter worth about $215,000. Finally, First Interstate Bank acquired a new position in shares of Yum China Holdings during the first quarter worth about $235,000.
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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