Yum China (NYSE:YUMC) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Stock analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Yum China (NYSE:YUMC – Get Free Report) in a report issued on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $58.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 44.67% from the company’s previous close.

Other analysts have also issued reports about the company. HSBC boosted their target price on Yum China from $77.90 to $79.20 and gave the company a “buy” rating in a research note on Tuesday, September 19th. StockNews.com downgraded shares of Yum China from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Jefferies Financial Group upgraded shares of Yum China from a “hold” rating to a “buy” rating and upped their price target for the company from $65.78 to $71.30 in a research note on Thursday, September 21st. Finally, TheStreet lowered shares of Yum China from a “b-” rating to a “c+” rating in a research note on Monday, November 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Yum China has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

Get Our Latest Stock Report on YUMC

Yum China Price Performance

Shares of NYSE:YUMC opened at $40.09 on Tuesday. The company has a market capitalization of $16.58 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 1.10 and a beta of 0.47. The company’s 50-day moving average is $46.43 and its 200 day moving average is $52.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.42 and a current ratio of 1.59. Yum China has a fifty-two week low of $38.99 and a fifty-two week high of $64.70.

Yum China (NYSE:YUMC – Get Free Report) last released its earnings results on Tuesday, October 31st. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). Yum China had a net margin of 7.41% and a return on equity of 10.91%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts forecast that Yum China will post 1.9 earnings per share for the current year.

Insiders Place Their Bets

In other Yum China news, CTO Leila Zhang sold 1,790 shares of Yum China stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $45.02, for a total transaction of $80,585.80. Following the completion of the sale, the chief technology officer now directly owns 17,081 shares in the company, valued at $768,986.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Yum China news, insider Warton Wang sold 3,975 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $46.78, for a total transaction of $185,950.50. Following the transaction, the insider now directly owns 5,108 shares in the company, valued at $238,952.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Leila Zhang sold 1,790 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $45.02, for a total transaction of $80,585.80. Following the completion of the sale, the chief technology officer now owns 17,081 shares of the company’s stock, valued at $768,986.62. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Yum China

Hedge funds and other institutional investors have recently modified their holdings of the stock. GUARDCAP ASSET MANAGEMENT Ltd lifted its position in shares of Yum China by 4.9% in the 2nd quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 9,113,960 shares of the company’s stock worth $514,939,000 after purchasing an additional 421,588 shares during the period. Headlands Technologies LLC purchased a new position in Yum China during the 2nd quarter valued at about $41,000. Barclays PLC boosted its stake in Yum China by 27.8% during the second quarter. Barclays PLC now owns 912,489 shares of the company’s stock worth $51,555,000 after acquiring an additional 198,756 shares in the last quarter. Veritas Asset Management LLP grew its holdings in Yum China by 24.2% in the second quarter. Veritas Asset Management LLP now owns 1,540,000 shares of the company’s stock worth $87,010,000 after purchasing an additional 300,000 shares during the period. Finally, King Luther Capital Management Corp increased its stake in shares of Yum China by 2.0% during the first quarter. King Luther Capital Management Corp now owns 10,755 shares of the company’s stock valued at $682,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 73.91% of the company’s stock.

Yum China Company Profile (Get Free Report)

Yum China Holdings, Inc owns, operates, and franchises restaurants in the People’s Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform, which sells electronics, home and kitchen accessories, and other general merchandise, as well as fried rice, steak, and pasta; and offers online food deliver services.

You may also like

Lloyds Bank reports 23% rise in crypto investment scams By Investing.com

Dairy Queen opens NFT pop-up store in China By Cointelegraph

Xi says U.S. and China can only be adversaries or partners