Yum China (YUMC) Now Covered by Macquarie

Stock analysts at Macquarie assumed coverage on shares of Yum China (NYSE:YUMC) in a research report issued on Wednesday. The firm set an “outperform” rating and a $55.00 price target on the stock. Macquarie’s price target would indicate a potential upside of 29.41% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Yum China from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Morgan Stanley reiterated an “overweight” rating and issued a $45.00 price objective on shares of Yum China in a report on Monday, October 9th. Nomura assumed coverage on Yum China in a research report on Monday, October 9th. They issued a “buy” rating and a $51.60 target price for the company. Instinet reissued a “buy” rating and issued a $51.60 target price (up previously from $51.50) on shares of Yum China in a research report on Monday, October 9th. Finally, CIBC reissued an “outperform” rating and issued a $45.00 target price (up previously from $43.00) on shares of Yum China in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Yum China has a consensus rating of “Buy” and a consensus target price of $44.28.

Shares of Yum China (YUMC) opened at $42.50 on Wednesday. Yum China has a fifty-two week low of $25.53 and a fifty-two week high of $43.55. 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 firm has a market capitalization of $16,330.00 and a P/E ratio of 28.15.

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

In other news, insider Angela Ai sold 17,678 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $43.05, for a total value of $761,037.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $88,868.16. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Hall Capital Management Co. Inc. increased its position in Yum China by 1.2% during the 2nd quarter. Hall Capital Management Co. Inc. now owns 10,126 shares of the company’s stock valued at $399,000 after buying an additional 118 shares in the last quarter. North Star Asset Management Inc. increased its position in Yum China by 0.3% during the 2nd quarter. North Star Asset Management Inc. now owns 72,246 shares of the company’s stock valued at $2,849,000 after buying an additional 190 shares in the last quarter. Auxier Asset Management increased its position in Yum China by 1.5% during the 2nd quarter. Auxier Asset Management now owns 13,437 shares of the company’s stock valued at $530,000 after buying an additional 200 shares in the last quarter. QS Investors LLC increased its position in Yum China by 1.4% during the 2nd quarter. QS Investors LLC now owns 15,270 shares of the company’s stock valued at $602,000 after buying an additional 204 shares in the last quarter. Finally, Norinchukin Bank The increased its position in Yum China by 5.5% during the 2nd quarter. Norinchukin Bank The now owns 11,918 shares of the company’s stock valued at $470,000 after buying an additional 625 shares in the last quarter. 80.07% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Yum China (NYSE:YUMC)

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