Brokers Offer Predictions for Yum China Holdings Inc’s FY2019 Earnings (NYSE:YUMC)

Yum China Holdings Inc (NYSE:YUMC) – Oppenheimer boosted their FY2019 earnings per share estimates for Yum China in a report released on Wednesday, July 31st. Oppenheimer analyst B. Bittner now forecasts that the company will post earnings per share of $1.76 for the year, up from their previous estimate of $1.67. Oppenheimer also issued estimates for Yum China’s FY2020 earnings at $1.86 EPS.

Yum China (NYSE:YUMC) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.09. Yum China had a net margin of 7.55% and a return on equity of 20.36%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis.

A number of other analysts have also recently weighed in on YUMC. OTR Global raised shares of Yum China to a “positive” rating in a report on Thursday, April 11th. Zacks Investment Research cut shares of Yum China from a “strong-buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a report on Friday, July 5th. Bank of America raised shares of Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price objective on the stock in a report on Tuesday, April 30th. Goldman Sachs Group raised shares of Yum China from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $43.00 to $54.00 in a report on Wednesday, April 17th. Finally, UBS Group increased their price objective on shares of Yum China from $46.07 to $56.06 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Yum China has a consensus rating of “Buy” and a consensus price target of $48.54.

Yum China stock opened at $45.17 on Thursday. The business has a 50-day simple moving average of $44.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.30. Yum China has a 1 year low of $30.10 and a 1 year high of $48.27. The company has a market cap of $16.64 billion, a P/E ratio of 29.52, a P/E/G ratio of 2.82 and a beta of 1.15.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Yum China by 19.5% during the 1st 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 period. OppenheimerFunds Inc. increased its stake in Yum China by 83.4% during the 1st 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 period. JPMorgan Chase & Co. increased its stake in Yum China by 76.4% during the 1st 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 period. Matthews International Capital Management LLC increased its stake in Yum China by 2.7% during the 1st quarter. Matthews International Capital Management LLC now owns 5,033,610 shares of the company’s stock valued at $226,059,000 after buying an additional 130,900 shares during the period. Finally, Northern Trust Corp increased its stake in Yum China by 8.6% during the 1st quarter. Northern Trust Corp now owns 3,664,175 shares of the company’s stock valued at $164,558,000 after buying an additional 289,963 shares during the period. 79.96% of the stock is currently owned by hedge funds and other institutional investors.

In other Yum China news, insider Alice H. Wang sold 1,697 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $46.09, for a total transaction of $78,214.73. Following the transaction, the insider now owns 10,120 shares of the company’s stock, valued at approximately $466,430.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Muktesh Pant sold 88,184 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $45.76, for a total transaction of $4,035,299.84. Following the transaction, the director now directly owns 403,163 shares in the company, valued at approximately $18,448,738.88. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th will be issued a $0.12 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.06%. Yum China’s dividend payout ratio (DPR) is presently 31.37%.

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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