Equities researchers at StockNews.com initiated coverage on shares of Yum China (NYSE:YUMC – Get Free Report) in a research note issued on Thursday. The brokerage set a “buy” rating on the stock.
YUMC has been the subject of several other reports. Jefferies Financial Group raised Yum China from a “hold” rating to a “buy” rating and raised their price objective for the company from $65.78 to $71.30 in a research note on Thursday, September 21st. HSBC raised their price objective on Yum China from $77.90 to $79.20 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, Yum China presently has a consensus rating of “Buy” and a consensus target price of $75.25.
View Our Latest Research Report on YUMC
Yum China Price Performance
Yum China (NYSE:YUMC – Get Free Report) last posted its quarterly earnings data on Monday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.08. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.72 billion. Yum China had a return on equity of 10.39% and a net margin of 7.20%. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. On average, research analysts expect that Yum China will post 2.05 EPS for the current fiscal year.
Institutional Investors Weigh In On Yum China
Several hedge funds and other institutional investors have recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. increased its holdings in Yum China by 140.0% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 250,975 shares of the company’s stock worth $10,187,000 after purchasing an additional 146,410 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Yum China by 2.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,843 shares of the company’s stock worth $907,000 after purchasing an additional 528 shares during the period. Cetera Advisor Networks LLC increased its holdings in Yum China by 7.5% during the 1st quarter. Cetera Advisor Networks LLC now owns 12,533 shares of the company’s stock worth $521,000 after purchasing an additional 871 shares during the period. MetLife Investment Management LLC purchased a new position in Yum China during the 1st quarter worth $418,000. Finally, Rhumbline Advisers increased its holdings in Yum China by 5.3% during the 1st quarter. Rhumbline Advisers now owns 407,659 shares of the company’s stock worth $16,934,000 after purchasing an additional 20,676 shares during the period. 73.91% of the stock is currently owned by hedge funds and other institutional investors.
About Yum China
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, which sells electronics, home and kitchen accessories, and other general merchandise, as well as fried rice, steak, and pasta; and offers online food deliver services.
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