Yum China Holdings, Inc. Expected to Post Q2 2024 Earnings of $0.48 Per Share (NYSE:YUMC)

Yum China Holdings, Inc. (NYSE:YUMC) – Investment analysts at Zacks Research cut their Q2 2024 earnings per share estimates for Yum China in a research report issued on Monday, May 20th. Zacks Research analyst H. Ray now expects that the company will post earnings of $0.48 per share for the quarter, down from their previous estimate of $0.49. The consensus estimate for Yum China’s current full-year earnings is $2.19 per share. Zacks Research also issued estimates for Yum China’s Q3 2024 earnings at $0.66 EPS.

Separately, HSBC reduced their price objective on shares of Yum China from $66.80 to $51.30 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.65.

Yum China Trading Down 3.0 %

Shares of NYSE YUMC opened at $37.14 on Tuesday. The stock has a market cap of $14.47 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.83 and a beta of 0.46. The firm has a 50 day moving average price of $38.62 and a two-hundred day moving average price of $40.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.24 and a current ratio of 1.39. Yum China has a 52-week low of $33.55 and a 52-week high of $61.99.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. Yum China had a return on equity of 11.90% and a net margin of 7.49%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share.

Institutional Investors Weigh In On Yum China

A number of large investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its stake in shares of Yum China by 2.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,374,902 shares of the company’s stock valued at $689,530,000 after buying an additional 295,494 shares during the period. GUARDCAP ASSET MANAGEMENT Ltd increased its holdings in shares of Yum China by 38.4% during the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 12,223,942 shares of the company’s stock valued at $486,391,000 after acquiring an additional 3,389,987 shares in the last quarter. Royal Bank of Canada raised its position in shares of Yum China by 4.5% during the third quarter. Royal Bank of Canada now owns 7,819,136 shares of the company’s stock worth $435,682,000 after purchasing an additional 337,033 shares during the period. FIL Ltd lifted its holdings in shares of Yum China by 8.3% in the 4th quarter. FIL Ltd now owns 7,584,264 shares of the company’s stock worth $322,139,000 after purchasing an additional 582,792 shares in the last quarter. Finally, Norges Bank acquired a new stake in Yum China in the 4th quarter valued at $265,777,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Yum China Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, May 28th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Friday, May 24th. Yum China’s dividend payout ratio is presently 32.16%.

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 to sell products; and offers online food deliver services.