Oppenheimer Holdings, Inc. Boosts Yum China Holdings Inc (YUMC) Price Target to $45.00

Yum China Holdings Inc (NASDAQ:YUMC) had its price target raised by Oppenheimer Holdings, Inc. from $43.00 to $45.00 in a report released on Friday, MarketBeat.com reports. Oppenheimer Holdings, Inc. currently has an outperform rating on the stock. Oppenheimer Holdings also issued estimates for Yum China Holdings’ Q4 2017 earnings at $0.18 EPS, FY2017 earnings at $1.41 EPS and FY2018 earnings at $1.59 EPS.

Other research analysts have also issued research reports about the stock. Citigroup Inc. initiated coverage on shares of Yum China Holdings in a research note on Monday, September 18th. They set a buy rating and a $51.00 target price for the company. Deutsche Bank AG lowered shares of Yum China Holdings from a buy rating to a hold rating and increased their target price for the stock from $34.72 to $36.61 in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of Yum China Holdings from a buy rating to a hold rating in a research note on Friday, August 4th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and set a $35.90 target price (up previously from $33.10) on shares of Yum China Holdings in a research note on Thursday, July 6th. Finally, Bank of America Corporation reissued a neutral rating and issued a $41.60 price objective on shares of Yum China Holdings in a research note on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Yum China Holdings presently has an average rating of Hold and an average target price of $39.52.

Shares of Yum China Holdings (NASDAQ:YUMC) opened at 40.82 on Friday. Yum China Holdings has a one year low of $23.79 and a one year high of $42.12. The company’s 50-day moving average is $38.91 and its 200-day moving average is $38.91. The company has a market cap of $15.69 billion and a price-to-earnings ratio of 30.01.

Yum China Holdings (NASDAQ:YUMC) last announced its earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. On average, equities analysts predict that Yum China Holdings will post $1.46 EPS for the current year.

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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 paid a $0.10 dividend. The ex-dividend date is Wednesday, November 29th.

Yum China Holdings declared that its board has approved a stock buyback plan on Thursday, October 5th that allows the company to repurchase $550.00 million in shares. This repurchase authorization allows the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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

A number of large investors have recently modified their holdings of the stock. BKD Wealth Advisors LLC raised its holdings in Yum China Holdings by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 7,547 shares of the company’s stock valued at $298,000 after acquiring an additional 30 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Yum China Holdings by 3.9% in the second quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock valued at $107,000 after acquiring an additional 102 shares in the last quarter. Hall Capital Management Co. Inc. raised its holdings in Yum China Holdings by 1.2% in the second quarter. Hall Capital Management Co. Inc. now owns 10,126 shares of the company’s stock valued at $399,000 after acquiring an additional 118 shares in the last quarter. North Star Asset Management Inc. raised its holdings in Yum China Holdings by 0.3% in the second quarter. North Star Asset Management Inc. now owns 72,246 shares of the companyR

Other research analysts have also issued research reports about the stock. Citigroup Inc. initiated coverage on shares of Yum China Holdings in a research note on Monday, September 18th. They set a buy rating and a $51.00 target price for the company. Deutsche Bank AG lowered shares of Yum China Holdings from a buy rating to a hold rating and increased their target price for the stock from $34.72 to $36.61 in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of Yum China Holdings from a buy rating to a hold rating in a research note on Friday, August 4th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and set a $35.90 target price (up previously from $33.10) on shares of Yum China Holdings in a research note on Thursday, July 6th. Finally, Bank of America Corporation reissued a neutral rating and issued a $41.60 price objective on shares of Yum China Holdings in a research note on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Yum China Holdings presently has an average rating of Hold and an average target price of $39.52.

Shares of Yum China Holdings (NASDAQ:YUMC) opened at 40.82 on Friday. Yum China Holdings has a one year low of $23.79 and a one year high of $42.12. The company’s 50-day moving average is $38.91 and its 200-day moving average is $38.91. The company has a market cap of $15.69 billion and a price-to-earnings ratio of 30.01.

Yum China Holdings (NASDAQ:YUMC) last announced its earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. On average, equities analysts predict that Yum China Holdings will post $1.46 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This article was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/09/oppenheimer-holdings-inc-boosts-yum-china-holdings-inc-yumc-price-target-to-45-00.html.

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 paid a $0.10 dividend. The ex-dividend date is Wednesday, November 29th.

Yum China Holdings declared that its board has approved a stock buyback plan on Thursday, October 5th that allows the company to repurchase $550.00 million in shares. This repurchase authorization allows the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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

A number of large investors have recently modified their holdings of the stock. BKD Wealth Advisors LLC raised its holdings in Yum China Holdings by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 7,547 shares of the company’s stock valued at $298,000 after acquiring an additional 30 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Yum China Holdings by 3.9% in the second quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock valued at $107,000 after acquiring an additional 102 shares in the last quarter. Hall Capital Management Co. Inc. raised its holdings in Yum China Holdings by 1.2% in the second quarter. Hall Capital Management Co. Inc. now owns 10,126 shares of the company’s stock valued at $399,000 after acquiring an additional 118 shares in the last quarter. North Star Asset Management Inc. raised its holdings in Yum China Holdings by 0.3% in the second 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 in the last quarter. Finally, Auxier Asset Management raised its holdings in Yum China Holdings by 1.5% in the second quarter. Auxier Asset Management now owns 13,437 shares of the company’s stock valued at $530,000 after acquiring an additional 200 shares in the last quarter.

About Yum China Holdings

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.

Analyst Recommendations for Yum China Holdings (NASDAQ:YUMC)

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