Yum China Holdings Inc (YUMC) Receives Average Rating of “Hold” from Brokerages
Shares of Yum China Holdings Inc (NYSE:YUMC) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $44.94.
A number of equities research analysts recently weighed in on the stock. Macquarie lowered shares of Yum China from an “outperform” rating to a “neutral” rating in a report on Thursday, August 2nd. Oppenheimer lowered shares of Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 price target for the company. in a report on Friday. Bank of America lowered shares of Yum China from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $44.30 to $34.00 in a report on Thursday, July 19th. UBS Group lowered shares of Yum China from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Zacks Investment Research upgraded shares of Yum China from a “sell” rating to a “hold” rating in a report on Saturday, May 5th.
In other Yum China news, CEO Joey Wat purchased 24,400 shares of Yum China stock in a transaction dated Thursday, June 7th. The stock was acquired at an average price of $40.97 per share, for a total transaction of $999,668.00. Following the acquisition, the chief executive officer now owns 21,991 shares in the company, valued at approximately $900,971.27. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Aiken Yuen sold 1,805 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $38.96, for a total transaction of $70,322.80. Following the completion of the sale, the insider now owns 2,337 shares of the company’s stock, valued at approximately $91,049.52. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.
Shares of YUMC opened at $34.86 on Friday. Yum China has a 1-year low of $32.10 and a 1-year high of $48.75. The stock has a market cap of $13.20 billion, a P/E ratio of 24.55, a P/E/G ratio of 1.59 and a beta of 0.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.74 and a quick ratio of 1.51.
Yum China (NYSE:YUMC) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Yum China had a net margin of 6.45% and a return on equity of 20.94%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter last year, the business posted $0.27 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. research analysts forecast that Yum China will post 1.52 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Wednesday, August 29th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, August 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.15%. Yum China’s dividend payout ratio is currently 28.17%.
Yum China Company Profile
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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