Yum China Holdings, Inc. (NYSE:YUMC) – Stock analysts at Oppenheimer dropped their Q2 2021 earnings per share estimates for shares of Yum China in a research report issued to clients and investors on Wednesday, April 28th. Oppenheimer analyst B. Bittner now forecasts that the company will post earnings per share of $0.43 for the quarter, down from their previous estimate of $0.46. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Yum China’s Q3 2021 earnings at $0.66 EPS and FY2022 earnings at $2.45 EPS.
A number of other research firms also recently issued reports on YUMC. Atlantic Securities started coverage on Yum China in a research note on Tuesday, April 13th. They issued an “overweight” rating and a $72.00 price target on the stock. Royal Bank of Canada boosted their price target on Yum China from $112.00 to $123.00 and gave the company a “sector perform” rating in a research note on Thursday, April 29th. Jefferies Financial Group upped their price target on shares of Yum China from $63.10 to $68.70 and gave the company a “buy” rating in a research report on Tuesday, January 26th. Finally, The Goldman Sachs Group downgraded shares of Yum China from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $76.34.
Yum China (NYSE:YUMC) last issued its earnings results on Monday, April 26th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.08. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Yum China had a net margin of 6.33% and a return on equity of 16.35%. The business’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 18th. Investors of record on Tuesday, May 25th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.78%. The ex-dividend date is Monday, May 24th. Yum China’s dividend payout ratio is 12.77%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JNBA Financial Advisors increased its stake in shares of Yum China by 47.5% in the first quarter. JNBA Financial Advisors now owns 531 shares of the company’s stock worth $31,000 after purchasing an additional 171 shares in the last quarter. HighPoint Advisor Group LLC boosted its holdings in Yum China by 5.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 4,109 shares of the company’s stock worth $251,000 after buying an additional 195 shares during the period. Allworth Financial LP increased its stake in Yum China by 12.4% in the 1st quarter. Allworth Financial LP now owns 1,853 shares of the company’s stock worth $110,000 after buying an additional 204 shares in the last quarter. Hunter Associates Investment Management LLC raised its holdings in Yum China by 2.2% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,676 shares of the company’s stock valued at $609,000 after acquiring an additional 226 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Yum China by 24.1% in the first quarter. Jones Financial Companies Lllp now owns 1,164 shares of the company’s stock valued at $69,000 after acquiring an additional 226 shares in the last quarter. Institutional investors own 81.59% of the company’s stock.
About Yum China
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates through two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, COFFii & JOY, East Dawning, Taco Bell, and Lavazza brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, specialty coffee, simmer pot, and Italian coffee categories.
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