Zacks Investment Research Downgrades Yum China (YUMC) to Sell

Yum China (NYSE:YUMC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

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. “

YUMC has been the subject of several other reports. Citigroup assumed coverage on shares of Yum China in a research note on Monday, September 18th. They issued a “buy” rating and a $51.00 target price for the company. Deutsche Bank upgraded shares of Yum China from a “hold” rating to a “buy” rating and set a $45.30 target price for the company in a research note on Friday, October 6th. Oppenheimer reiterated a “buy” rating and issued a $43.00 target price on shares of Yum China in a research note on Friday, September 29th. Nomura assumed coverage on shares of Yum China in a research note on Monday, October 9th. They issued a “buy” rating and a $51.60 target price for the company. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $45.00 target price on shares of Yum China in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $43.38.

Shares of Yum China (NYSE YUMC) opened at $39.96 on Tuesday. The firm has a market cap of $15,580.00 and a P/E ratio of 29.32. Yum China has a 12-month low of $25.53 and a 12-month high of $43.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.42 and a current ratio of 1.69.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Thursday, October 5th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.04). The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Yum China had a net margin of 8.43% and a return on equity of 21.35%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. equities analysts expect that Yum China will post 1.44 earnings per share for the current year.

In other news, insider Angela Ai sold 17,678 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $43.05, for a total transaction of $761,037.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Danny Tan sold 2,124 shares of the company’s stock in a transaction on Monday, October 9th. The stock was 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. 0.23% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its stake in Yum China by 4.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 39,735 shares of the company’s stock worth $1,081,000 after buying an additional 1,778 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Yum China by 5.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 11,614 shares of the company’s stock worth $458,000 after buying an additional 562 shares during the period. Great West Life Assurance Co. Can boosted its stake in Yum China by 3.4% during the second quarter. Great West Life Assurance Co. Can now owns 261,590 shares of the company’s stock worth $10,301,000 after buying an additional 8,643 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in Yum China by 62.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 143,926 shares of the company’s stock worth $5,675,000 after buying an additional 55,189 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Yum China by 68.1% during the second quarter. Daiwa Securities Group Inc. now owns 7,900 shares of the company’s stock worth $311,000 after buying an additional 3,200 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

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Yum China 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.

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