Yum China Holdings Inc (NASDAQ:YUMC) – Equities research analysts at Oppenheimer Holdings lowered their FY2017 earnings per share (EPS) estimates for Yum China Holdings in a research note issued to investors on Friday. Oppenheimer Holdings analyst B. Bittner now expects that the company will post earnings of $1.41 per share for the year, down from their previous forecast of $1.46. Oppenheimer Holdings currently has a “Outperform” rating and a $45.00 price target on the stock. Oppenheimer Holdings also issued estimates for Yum China Holdings’ Q4 2017 earnings at $0.18 EPS and FY2018 earnings at $1.59 EPS.
Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings results on Thursday, October 5th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.98 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS.
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YUMC has been the subject of several other research reports. Zacks Investment Research upgraded Yum China Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Bank of America Corporation restated a “neutral” rating and set a $41.60 target price on shares of Yum China Holdings in a research report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $35.90 target price (up previously from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Instinet restated a “buy” rating and set a $51.60 target price (up previously from $51.50) on shares of Yum China Holdings in a research report on Monday. Finally, CIBC restated an “outperform” rating and set a $45.00 target price (up previously from $43.00) on shares of Yum China Holdings in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.35.
Yum China Holdings (NASDAQ:YUMC) opened at 42.51 on Monday. The firm’s 50-day moving average price is $39.24 and its 200-day moving average price is $39.24. The company has a market cap of $16.33 billion and a price-to-earnings ratio of 31.26. Yum China Holdings has a 52-week low of $23.79 and a 52-week high of $43.47.
Yum China Holdings announced that its board has authorized a stock buyback plan on Thursday, October 5th that authorizes the company to buyback $550.00 million in shares. This buyback authorization authorizes the company to buy up to 3.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently declared a special dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 29th.
In other news, insider Mark Chu sold 22,184 shares of Yum China Holdings stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total transaction of $836,780.48. Following the completion of the sale, the insider now owns 23,457 shares of the company’s stock, valued at $884,798.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Danny Tan sold 2,124 shares of Yum China Holdings stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $41.84, for a total transaction of $88,868.16. The disclosure for this sale can be found here. Insiders have sold 24,928 shares of company stock valued at $947,863 in the last ninety days.
Several institutional investors have recently bought and sold shares of YUMC. FNY Partners Fund LP raised its stake in shares of Yum China Holdings by 3,600.0% during the first quarter. FNY Partners Fund LP now owns 3,700 shares of the company’s stock valued at $100,000 after acquiring an additional 3,600 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Yum China Holdings by 3.9% during 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. San Francisco Sentry Investment Group CA bought a new stake in shares of Yum China Holdings during the second quarter valued at approximately $157,000. Nippon Life Insurance Co. bought a new stake in shares of Yum China Holdings during the second quarter valued at approximately $162,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Yum China Holdings during the second quarter valued at approximately $176,000.
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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