Brokerages Set Yum China Holdings, Inc. (NYSE:YUMC) Price Target at $53.97

Yum China Holdings, Inc. (NYSE:YUMC – Get Rating) has been given a consensus rating of “Hold” by the five research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $53.97.

A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Yum China from a “hold” rating to a “strong sell” rating and set a $32.00 price target on the stock. in a research report on Monday, May 16th. StockNews.com assumed coverage on shares of Yum China in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

Several hedge funds have recently made changes to their positions in YUMC. Kestra Private Wealth Services LLC lifted its holdings in Yum China by 5.8% in the first quarter. Kestra Private Wealth Services LLC now owns 12,529 shares of the company’s stock valued at $520,000 after buying an additional 685 shares during the period. Neuberger Berman Group LLC lifted its holdings in Yum China by 19.8% in the first quarter. Neuberger Berman Group LLC now owns 98,217 shares of the company’s stock valued at $4,131,000 after buying an additional 16,258 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Yum China by 39.7% in the first quarter. The Manufacturers Life Insurance Company now owns 699,018 shares of the company’s stock valued at $29,037,000 after buying an additional 198,584 shares during the period. Walleye Capital LLC lifted its holdings in Yum China by 123.4% in the first quarter. Walleye Capital LLC now owns 18,926 shares of the company’s stock valued at $786,000 after buying an additional 10,455 shares during the period. Finally, Virtu Financial LLC acquired a new position in Yum China in the first quarter valued at approximately $219,000. Institutional investors own 80.30% of the company’s stock.

NYSE YUMC traded up $0.13 on Tuesday, reaching $43.16. The company’s stock had a trading volume of 27,007 shares, compared to its average volume of 2,733,875. The firm has a market cap of $18.29 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 6.85 and a beta of 0.67. The business has a 50-day moving average price of $41.53 and a 200 day moving average price of $46.50. Yum China has a 52 week low of $33.55 and a 52 week high of $69.67. The company has a current ratio of 2.05, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC – Get Rating) last posted its earnings results on Tuesday, May 3rd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.60 billion. Yum China had a net margin of 8.63% and a return on equity of 5.38%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. Analysts anticipate that Yum China will post 0.77 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Tuesday, May 31st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, May 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.11%. Yum China’s payout ratio is 24.12%.

About Yum China (Get Rating)

Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates through two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, Lavazza, COFFii & JOY, Taco Bell, and East Dawning brands, which specialize in chicken, pizza, hot pot cooking, simmer pot, Italian coffee, specialty coffee, Mexican-style food, and Chinese food categories.

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