Yum China (NYSE:YUMC – Get Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.
Other research analysts also recently issued reports about the stock. Citigroup raised shares of Yum China to a “strong-buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $35.50 to $60.00 in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $49.57.
View Our Latest Stock Report on Yum China
Yum China Stock Down 0.8 %
Yum China (NYSE:YUMC – Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.03 billion. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. As a group, equities analysts expect that Yum China will post 2.33 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Duoduo (Howard) Huang sold 6,377 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $47.47, for a total value of $302,716.19. Following the sale, the insider now directly owns 16,641 shares of the company’s stock, valued at approximately $789,948.27. This represents a 27.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Tyro Capital Management LLC purchased a new stake in Yum China in the third quarter valued at approximately $10,086,000. Franklin Resources Inc. grew its stake in shares of Yum China by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,804,882 shares of the company’s stock valued at $85,023,000 after buying an additional 79,048 shares during the period. Peapack Gladstone Financial Corp acquired a new stake in shares of Yum China during the 3rd quarter worth $944,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Yum China in the 3rd quarter worth $229,000. Finally, World Investment Advisors LLC acquired a new position in Yum China in the third quarter valued at $868,000. Institutional investors and hedge funds own 85.58% of the company’s stock.
Yum China Company Profile
Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.
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