Yum China (NYSE:YUMC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

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. “

YUMC has been the subject of a number of other research reports. Oppenheimer increased their target price on shares of Yum China from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, October 6th. Deutsche Bank upgraded shares of Yum China from a “hold” rating to a “buy” rating and set a $45.30 target price for the company in a research report on Friday, October 6th. Bank of America reiterated a “neutral” rating and set a $45.10 target price (up previously from $41.60) on shares of Yum China in a research report on Friday, October 6th. Citigroup initiated coverage on shares of Yum China in a research report on Monday, September 18th. They set a “buy” rating and a $51.00 target price for the company. Finally, CIBC reiterated an “outperform” rating and set a $45.00 target price (up previously from $43.00) on shares of Yum China in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Yum China currently has a consensus rating of “Hold” and an average target price of $43.38.

Shares of Yum China (NYSE YUMC) traded up $0.48 during trading hours on Tuesday, reaching $41.05. 3,371,800 shares of the company’s stock were exchanged, compared to its average volume of 2,784,934. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.69 and a quick ratio of 1.42. The company has a market capitalization of $15,770.00 and a price-to-earnings ratio of 28.98. Yum China has a 12-month low of $25.53 and a 12-month high of $43.55.

Yum China (NYSE:YUMC) last issued its earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.98 billion. Yum China had a return on equity of 21.35% and a net margin of 8.43%. Yum China’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. sell-side analysts expect that Yum China will post 1.44 EPS for the current year.

In related news, insider Angela Ai sold 17,678 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $43.05, for a total value of $761,037.90. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Danny Tan sold 2,124 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $41.84, for a total transaction of $88,868.16. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Yum China by 28.7% in the second 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 in the last quarter. State Street Corp raised its stake in Yum China by 4.2% in the second 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 in the last quarter. FMR LLC raised its stake in Yum China by 7.4% in the second 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 in the last quarter. UBS Asset Management Americas Inc. raised its stake in Yum China by 62.7% in the second 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 in the last quarter. Finally, Northern Trust Corp raised its stake in Yum China by 4.4% in the second quarter. Northern Trust Corp now owns 3,716,823 shares of the company’s stock valued at $146,554,000 after purchasing an additional 157,477 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

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About Yum China

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.

Analyst Recommendations for Yum China (NYSE:YUMC)

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