Yum China (YUMC) Shares Gap Down to $42.70

Yum China Holdings Inc (NYSE:YUMC) gapped down before the market opened on Friday . The stock had previously closed at $43.83, but opened at $42.70. Yum China shares last traded at $41.43, with a volume of 3583086 shares traded.

Several equities research analysts have issued reports on the company. Goldman Sachs Group upgraded Yum China from a “neutral” rating to a “buy” rating and increased their target price for the stock from $43.00 to $54.00 in a research report on Wednesday, April 17th. UBS Group upped their price target on shares of Yum China from $46.07 to $56.06 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Bank of America raised shares of Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price target on the stock in a report on Tuesday, April 30th. Zacks Investment Research raised shares of Yum China from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Yum China from $36.50 to $48.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $47.88.

The firm has a market capitalization of $16.03 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 2.59 and a beta of 0.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.31 and a current ratio of 1.30.

Yum China (NYSE:YUMC) last released its quarterly earnings results on Monday, April 29th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Yum China had a net margin of 7.55% and a return on equity of 20.36%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. As a group, equities analysts predict that Yum China Holdings Inc will post 1.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.48 annualized dividend and a dividend yield of 1.16%. Yum China’s payout ratio is currently 31.37%.

In related news, insider Alice H. Wang sold 1,697 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $46.09, for a total value of $78,214.73. Following the transaction, the insider now owns 10,120 shares of the company’s stock, valued at $466,430.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jacky Wei-Jye Lo sold 1,724 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $45.00, for a total value of $77,580.00. Following the completion of the transaction, the chief financial officer now directly owns 9,008 shares in the company, valued at approximately $405,360. The disclosure for this sale can be found here. In the last three months, insiders sold 36,428 shares of company stock worth $1,590,043. 0.44% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YUMC. BOKF NA lifted its holdings in Yum China by 4.7% in the fourth quarter. BOKF NA now owns 5,972 shares of the company’s stock worth $201,000 after buying an additional 270 shares during the period. Boyd Watterson Asset Management LLC OH lifted its holdings in Yum China by 1.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 26,990 shares of the company’s stock worth $1,212,000 after buying an additional 270 shares during the period. MAI Capital Management lifted its holdings in Yum China by 2.6% in the fourth quarter. MAI Capital Management now owns 11,140 shares of the company’s stock worth $374,000 after buying an additional 280 shares during the period. Wetherby Asset Management Inc. lifted its holdings in Yum China by 3.8% in the first quarter. Wetherby Asset Management Inc. now owns 8,148 shares of the company’s stock worth $366,000 after buying an additional 297 shares during the period. Finally, Hudock Capital Group LLC lifted its holdings in Yum China by 29.2% in the fourth quarter. Hudock Capital Group LLC now owns 1,323 shares of the company’s stock worth $44,000 after buying an additional 299 shares during the period. 78.20% of the stock is currently owned by institutional investors and hedge funds.

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About Yum China (NYSE:YUMC)

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

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