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 report issued on Saturday.
Separately, JPMorgan Chase & Co. raised shares of Yum China from a "neutral" rating to an "overweight" rating and increased their target price for the company from $35.50 to $60.00 in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Yum China presently has an average rating of "Buy" and a consensus target price of $49.57.
Check Out Our Latest Stock Analysis on YUMC
Yum China Stock Performance
NYSE YUMC traded down $1.36 on Friday, hitting $46.23. 1,778,622 shares of the company traded hands, compared to its average volume of 1,919,030. Yum China has a 52-week low of $28.50 and a 52-week high of $52.00. The company has a market capitalization of $17.56 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.37 and a beta of 0.35. The business's 50 day moving average price is $46.82 and its 200-day moving average price is $41.94. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01.
Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09. The business had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.03 billion. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. Equities analysts expect that Yum China will post 2.31 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Duoduo (Howard) Huang sold 6,377 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $47.47, for a total value of $302,716.19. Following the completion of the transaction, the insider now directly owns 16,641 shares in the company, valued at $789,948.27. This trade represents a 27.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.30% of the stock is owned by insiders.
Hedge Funds Weigh In On Yum China
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kentucky Trust Co acquired a new stake in shares of Yum China in the fourth quarter worth $29,000. Farther Finance Advisors LLC boosted its holdings in Yum China by 43.9% in the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 258 shares during the last quarter. McClarren Financial Advisors Inc. grew its position in Yum China by 906.5% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company's stock worth $42,000 after purchasing an additional 834 shares during the period. Concord Wealth Partners raised its stake in shares of Yum China by 56.9% during the 3rd quarter. Concord Wealth Partners now owns 1,571 shares of the company's stock valued at $71,000 after buying an additional 570 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of Yum China in the 3rd quarter valued at about $103,000. Institutional investors and hedge funds own 85.58% of the company's stock.
Yum China Company Profile
(
Get Free Report)
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.
See Also
Before you consider Yum China, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Yum China wasn't on the list.
While Yum China currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
