Yum China Holdings Inc (YUMC) Stock Rating Reaffirmed by Bank of America Corporation

Yum China Holdings Inc (NASDAQ:YUMC)‘s stock had its “neutral” rating reissued by analysts at Bank of America Corporation in a research note issued on Sunday, July 30th. They presently have a $41.60 target price on the stock. Bank of America Corporation’s price objective would indicate a potential upside of 12.28% from the stock’s current price.

A number of other brokerages also recently weighed in on YUMC. CIBC increased their price target on Yum China Holdings from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, April 10th. Deutsche Bank AG downgraded Yum China Holdings from a “buy” rating to a “hold” rating and raised their target price for the company from $34.72 to $36.61 in a research note on Thursday, July 6th. Zacks Investment Research downgraded Yum China Holdings from a “hold” rating to a “sell” rating in a research note on Friday, April 7th. J P Morgan Chase & Co initiated coverage on Yum China Holdings in a research note on Friday, June 2nd. They issued an “overweight” rating and a $42.00 target price for the company. Finally, Vetr downgraded Yum China Holdings from a “hold” rating to a “sell” rating and set a $32.10 target price for the company. in a research note on Monday, April 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $37.56.

Yum China Holdings (NASDAQ YUMC) opened at 37.05 on Friday. The company has a market capitalization of $14.20 billion and a price-to-earnings ratio of 27.24. Yum China Holdings has a 12-month low of $23.79 and a 12-month high of $42.12. The firm’s 50-day moving average price is $37.23 and its 200 day moving average price is $33.49.

Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. The firm’s revenue was up .4% on a year-over-year basis. On average, analysts expect that Yum China Holdings will post $1.45 earnings per share for the current year.

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

Institutional investors have recently made changes to their positions in the stock. BKD Wealth Advisors LLC boosted its position in shares of 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 buying an additional 30 shares during the last quarter. ST Germain D J Co. Inc. boosted its position in Yum China Holdings by 0.4% in the first quarter. ST Germain D J Co. Inc. now owns 8,758 shares of the company’s stock valued at $238,000 after buying an additional 34 shares in the last quarter. Parkside Financial Bank & Trust boosted its position 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 buying an additional 102 shares in the last quarter. Hall Capital Management Co. Inc. boosted its position 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 buying an additional 118 shares in the last quarter. Finally, North Star Asset Management Inc. boosted its position 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 buying an additional 190 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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