Yum China (NYSE:YUMC) released its earnings results on Monday, April 29th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07, Briefing.com reports. Yum China had a net margin of 7.55% and a return on equity of 20.36%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year.
Shares of NYSE YUMC traded down $1.29 during mid-day trading on Wednesday, reaching $39.99. The company had a trading volume of 3,229,912 shares, compared to its average volume of 2,596,812. The company has a current ratio of 1.30, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. The stock has a market cap of $15.37 billion, a PE ratio of 26.14, a PEG ratio of 2.53 and a beta of 0.81. Yum China has a 52 week low of $30.10 and a 52 week high of $48.27.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, May 24th. Yum China’s dividend payout ratio (DPR) is 31.37%.
A number of equities research analysts recently issued reports on YUMC shares. Zacks Investment Research downgraded shares of Yum China from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. OTR Global raised shares of Yum China to a “positive” rating in a research note on Thursday, April 11th. TheStreet raised shares of Yum China from a “c+” rating to a “b” rating in a research note on Thursday, January 24th. JPMorgan Chase & Co. upped their price target on shares of Yum China from $36.50 to $48.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Finally, Bank of America raised shares of Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price target on the stock in a research note on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Yum China currently has a consensus rating of “Buy” and an average price target of $47.88.
In other news, insider Alice H. Wang sold 1,697 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $46.09, for a total value of $78,214.73. Following the transaction, the insider now directly owns 10,120 shares in the company, valued at $466,430.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jacky Wei-Jye Lo sold 1,724 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.00, for a total transaction of $77,580.00. Following the completion of the transaction, the chief financial officer now owns 9,008 shares in the company, valued at $405,360. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,190 shares of company stock worth $1,412,132. Company insiders own 0.44% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. lifted its position in shares of Yum China by 83.4% during the first quarter. OppenheimerFunds Inc. now owns 17,160,157 shares of the company’s stock valued at $770,663,000 after buying an additional 7,804,046 shares during the last quarter. BlackRock Inc. lifted its position in shares of Yum China by 19.5% during the first quarter. BlackRock Inc. now owns 39,168,859 shares of the company’s stock valued at $1,759,077,000 after buying an additional 6,383,587 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Yum China by 76.4% during the first quarter. JPMorgan Chase & Co. now owns 10,804,636 shares of the company’s stock valued at $485,236,000 after buying an additional 4,679,434 shares during the last quarter. Norges Bank purchased a new stake in shares of Yum China during the fourth quarter valued at about $120,412,000. Finally, Clearbridge Investments LLC lifted its position in shares of Yum China by 8.9% during the third quarter. Clearbridge Investments LLC now owns 11,584,404 shares of the company’s stock valued at $406,728,000 after buying an additional 945,546 shares during the last quarter. Institutional investors own 78.20% of the company’s stock.
Yum China Company Profile
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
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