Yum China Holdings Inc (NASDAQ:YUMC) – Equities researchers at Oppenheimer Holdings raised their FY2017 EPS estimates for Yum China Holdings in a research note issued on Thursday, according to Zacks Investment Research. Oppenheimer Holdings analyst B. Bittner now forecasts that the company will post earnings of $1.42 per share for the year, up from their prior estimate of $1.36. Oppenheimer Holdings currently has a “Outperform” rating and a $35.00 target price on the stock. Oppenheimer Holdings also issued estimates for Yum China Holdings’ FY2018 earnings at $1.65 EPS.
Yum China Holdings (NASDAQ:YUMC) last issued its earnings results on Wednesday, April 5th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The firm earned $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. The business’s quarterly revenue was down 1.5% compared to the same quarter last year.
Several other brokerages also recently issued reports on YUMC. CIBC raised their price objective on shares of Yum China Holdings from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, April 10th. Zacks Investment Research downgraded shares of Yum China Holdings from a “hold” rating to a “sell” rating in a research report on Friday, April 7th. Vetr downgraded shares of Yum China Holdings from a “strong-buy” rating to a “buy” rating and set a $31.65 price target for the company. in a research report on Monday, February 6th. Sanford C. Bernstein set a $76.00 price objective on shares of Yum China Holdings and gave the company a “buy” rating in a research report on Thursday, January 26th. Finally, Deutsche Bank AG initiated coverage on shares of Yum China Holdings in a research report on Friday, February 24th. They set a “buy” rating and a $31.48 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.38.
Shares of Yum China Holdings (NASDAQ:YUMC) opened at 33.08 on Friday. The stock’s 50 day moving average price is $28.22 and its 200 day moving average price is $27.20. Yum China Holdings has a 1-year low of $23.79 and a 1-year high of $33.28. The company has a market cap of $12.71 billion and a P/E ratio of 24.32.
Several large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new stake in Yum China Holdings during the fourth quarter worth $201,000. Levin Capital Strategies L.P. purchased a new stake in shares of Yum China Holdings during the fourth quarter worth about $204,000. Baldwin Investment Management LLC purchased a new stake in shares of Yum China Holdings during the fourth quarter worth about $209,000. Perritt Capital Management Inc. purchased a new stake in shares of Yum China Holdings during the fourth quarter worth about $213,000. Finally, Stellar Capital Management LLC purchased a new stake in shares of Yum China Holdings during the fourth quarter worth about $215,000.
In related news, CEO Muktesh Pant acquired 100,000 shares of the company’s stock in a transaction dated Friday, April 7th. The shares were purchased at an average price of $31.17 per share, for a total transaction of $3,117,000.00. Following the completion of the acquisition, the chief executive officer now owns 115,733 shares of the company’s stock, valued at $3,607,397.61. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark Chu sold 16,472 shares of the company’s stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $33.00, for a total transaction of $543,576.00. Following the transaction, the insider now owns 32,855 shares in the company, valued at approximately $1,084,215. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,070 shares of company stock worth $1,010,868.
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.
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