Yum China (NYSE:YUMC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Yum China Holdings, Inc. is a licensee of Yum! Brands primarily in mainland China. The company have rights to KFC, China’s quick-service restaurant concept, Pizza Hut, casual dining restaurant brand and Taco Bell. Yum China Holdings, Inc. is based in Shanghai, China. “
Separately, Macquarie started coverage on shares of Yum China in a research note on Wednesday, January 3rd. They set an “outperform” rating and a $55.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Yum China presently has an average rating of “Buy” and an average price target of $44.28.
Yum China (NYSE:YUMC) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Yum China had a net margin of 5.64% and a return on equity of 21.06%. Yum China’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. analysts anticipate that Yum China will post 1.6 earnings per share for the current fiscal year.
In other news, Director Jonathan S. Linen bought 4,000 shares of Yum China stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $39.76 per share, for a total transaction of $159,040.00. Following the purchase, the director now owns 41,236 shares of the company’s stock, valued at $1,639,543.36. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Danny Tan sold 3,610 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $44.50, for a total transaction of $160,645.00. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Standard Life Aberdeen plc increased its holdings in shares of Yum China by 13.3% in the 4th quarter. Standard Life Aberdeen plc now owns 31,015,455 shares of the company’s stock valued at $1,241,238,000 after purchasing an additional 3,638,955 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Yum China in the 2nd quarter valued at about $267,000. SVA Plumb Wealth Management LLC increased its holdings in shares of Yum China by 5.0% in the 4th quarter. SVA Plumb Wealth Management LLC now owns 90,951 shares of the company’s stock valued at $3,640,000 after purchasing an additional 4,366 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased its holdings in shares of Yum China by 29.9% in the 4th quarter. Liberty Mutual Group Asset Management Inc. now owns 49,530 shares of the company’s stock valued at $1,982,000 after purchasing an additional 11,399 shares in the last quarter. Finally, Eaton Vance Management increased its holdings in shares of Yum China by 160.4% in the 4th quarter. Eaton Vance Management now owns 395,013 shares of the company’s stock valued at $15,808,000 after purchasing an additional 243,307 shares in the last quarter. Institutional investors and hedge funds own 80.18% 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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