Yum China Holdings Inc (YUMC) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Yum China Holdings Inc (NASDAQ:YUMC) from a hold rating to a sell rating in a research report released on Thursday.

According to Zacks, “Yum China Holdings, Inc. is a licensee of Yum! Brands primarily in mainland China. The company have rights to KFC, China’s quick-service restaurant concept, Pizza Hut, casual dining restaurant brand and Taco Bell. Yum China Holdings, Inc. is based in Shanghai, China. “

Other analysts have also issued research reports about the company. Oppenheimer Holdings, Inc. upped their target price on Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a $35.90 price objective (up previously from $33.10) on shares of Yum China Holdings in a report on Thursday, July 6th. Citigroup Inc. assumed coverage on Yum China Holdings in a report on Monday, September 18th. They set a buy rating and a $51.00 price objective for the company. Bank of America Corporation reiterated a neutral rating and set a $41.60 price objective on shares of Yum China Holdings in a report on Sunday, July 30th. Finally, Deutsche Bank AG lowered Yum China Holdings from a buy rating to a hold rating and increased their price objective for the company from $34.72 to $36.61 in a report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Yum China Holdings currently has a consensus rating of Hold and a consensus target price of $39.52.

Yum China Holdings (NASDAQ:YUMC) traded up 2.13% on Thursday, reaching $40.82. The company had a trading volume of 8,022,839 shares. Yum China Holdings has a 52 week low of $23.79 and a 52 week high of $41.10. The company has a market capitalization of $15.65 billion and a P/E ratio of 30.01. The stock’s 50-day moving average is $38.91 and its 200-day moving average is $38.91.

Yum China Holdings (NASDAQ:YUMC) last posted its earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Equities research analysts forecast that Yum China Holdings will post $1.46 EPS for the current fiscal year.

WARNING: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/08/yum-china-holdings-inc-yumc-cut-to-sell-at-zacks-investment-research.html.

Yum China Holdings declared that its board has initiated a stock repurchase plan on Thursday, October 5th that permits the company to repurchase $550.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a special dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 29th.

In related news, insider Mark Chu sold 22,184 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $37.72, for a total value of $836,780.48. Following the transaction, the insider now directly owns 23,457 shares of the company’s stock, valued at approximately $884,798.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC acquired a new position in shares of Yum China Holdings in the 2nd quarter valued at $62,217,000. Cetera Investment Advisers acquired a new position in shares of Yum China Holdings in the 2nd quarter valued at $569,000. Dynamic Technology Lab Private Ltd increased its position in shares of Yum China Holdings by 18.2% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,029 shares of the company’s stock valued at $750,000 after acquiring an additional 2,931 shares during the period. WINTON GROUP Ltd increased its position in shares of Yum China Holdings by 55.5% in the 2nd quarter. WINTON GROUP Ltd now owns 32,205 shares of the company’s stock valued at $1,270,000 after acquiring an additional 11,489 shares during the period. Finally, North Star Asset Management Inc. increased its position in shares of Yum China Holdings by 0.3% in the 2nd quarter. North Star Asset Management Inc. now owns 72,246 shares of the company’s stock valued at $2,849,000 after acquiring an additional 190 shares during the period.

Yum China Holdings 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.

Get a free copy of the Zacks research report on Yum China Holdings (YUMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

According to Zacks, “Yum China Holdings, Inc. is a licensee of Yum! Brands primarily in mainland China. The company have rights to KFC, China’s quick-service restaurant concept, Pizza Hut, casual dining restaurant brand and Taco Bell. Yum China Holdings, Inc. is based in Shanghai, China. “

Other analysts have also issued research reports about the company. Oppenheimer Holdings, Inc. upped their target price on Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a $35.90 price objective (up previously from $33.10) on shares of Yum China Holdings in a report on Thursday, July 6th. Citigroup Inc. assumed coverage on Yum China Holdings in a report on Monday, September 18th. They set a buy rating and a $51.00 price objective for the company. Bank of America Corporation reiterated a neutral rating and set a $41.60 price objective on shares of Yum China Holdings in a report on Sunday, July 30th. Finally, Deutsche Bank AG lowered Yum China Holdings from a buy rating to a hold rating and increased their price objective for the company from $34.72 to $36.61 in a report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Yum China Holdings currently has a consensus rating of Hold and a consensus target price of $39.52.

Yum China Holdings (NASDAQ:YUMC) traded up 2.13% on Thursday, reaching $40.82. The company had a trading volume of 8,022,839 shares. Yum China Holdings has a 52 week low of $23.79 and a 52 week high of $41.10. The company has a market capitalization of $15.65 billion and a P/E ratio of 30.01. The stock’s 50-day moving average is $38.91 and its 200-day moving average is $38.91.

Yum China Holdings (NASDAQ:YUMC) last posted its earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Equities research analysts forecast that Yum China Holdings will post $1.46 EPS for the current fiscal year.

WARNING: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/08/yum-china-holdings-inc-yumc-cut-to-sell-at-zacks-investment-research.html.

Yum China Holdings declared that its board has initiated a stock repurchase plan on Thursday, October 5th that permits the company to repurchase $550.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a special dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 29th.

In related news, insider Mark Chu sold 22,184 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $37.72, for a total value of $836,780.48. Following the transaction, the insider now directly owns 23,457 shares of the company’s stock, valued at approximately $884,798.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC acquired a new position in shares of Yum China Holdings in the 2nd quarter valued at $62,217,000. Cetera Investment Advisers acquired a new position in shares of Yum China Holdings in the 2nd quarter valued at $569,000. Dynamic Technology Lab Private Ltd increased its position in shares of Yum China Holdings by 18.2% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 19,029 shares of the company’s stock valued at $750,000 after acquiring an additional 2,931 shares during the period. WINTON GROUP Ltd increased its position in shares of Yum China Holdings by 55.5% in the 2nd quarter. WINTON GROUP Ltd now owns 32,205 shares of the company’s stock valued at $1,270,000 after acquiring an additional 11,489 shares during the period. Finally, North Star Asset Management Inc. increased its position in shares of Yum China Holdings by 0.3% in the 2nd quarter. North Star Asset Management Inc. now owns 72,246 shares of the company’s stock valued at $2,849,000 after acquiring an additional 190 shares during the period.

Yum China Holdings 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.

Get a free copy of the Zacks research report on Yum China Holdings (YUMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Yum China Holdings (NASDAQ:YUMC)

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