Nomura began coverage on shares of Yum China Holdings Inc (NASDAQ:YUMC) in a report released on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $51.60 target price on the stock.
Other equities analysts have also recently issued reports about the company. Oppenheimer Holdings, Inc. boosted their price target on Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Citigroup Inc. initiated coverage on Yum China Holdings in a report on Monday, September 18th. They issued a buy rating and a $51.00 price target for the company. Deutsche Bank AG raised Yum China Holdings from a hold rating to a buy rating and set a $45.30 price target for the company in a report on Friday, October 6th. Zacks Investment Research cut Yum China Holdings from a buy rating to a hold rating in a report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) reissued a neutral rating and issued a $35.90 price target (up from $33.10) on shares of Yum China Holdings in a report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $42.35.
Yum China Holdings (YUMC) opened at 42.94 on Monday. Yum China Holdings has a 1-year low of $23.79 and a 1-year high of $43.47. The company has a 50-day moving average price of $39.52 and a 200 day moving average price of $39.52. The firm has a market capitalization of $16.49 billion and a P/E ratio of 31.57.
Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings results 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 Holdings had a return on equity of 16.35% and a net margin of 7.09%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.52 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that Yum China Holdings will post $1.42 earnings per share for the current fiscal year.
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The firm also recently announced a special dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, November 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 29th.
Yum China Holdings declared that its board has approved a stock buyback plan on Thursday, October 5th that allows the company to repurchase $550.00 million in shares. This repurchase authorization allows the company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
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 value of $836,780.48. Following the completion of the transaction, the insider now directly owns 23,457 shares in the company, valued at $884,798.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Danny Tan sold 2,124 shares of the company’s 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. Insiders sold 24,928 shares of company stock valued at $947,863 over the last quarter.
Institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its stake in Yum China Holdings by 3.9% in the second quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock valued at $107,000 after purchasing an additional 102 shares during the last quarter. FNY Partners Fund LP increased its stake in 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 valued at $100,000 after purchasing an additional 3,600 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new position in Yum China Holdings in the second quarter valued at $157,000. Nippon Life Insurance Co. acquired a new position in Yum China Holdings in the second quarter valued at $162,000. Finally, Tower Research Capital LLC TRC acquired a new position in Yum China Holdings in the second quarter valued at $176,000.
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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