Yum China Holdings, Inc. (NYSE:YUMC) – Equities researchers at Oppenheimer decreased their Q3 2021 earnings per share (EPS) estimates for shares of Yum China in a note issued to investors on Wednesday, September 15th. Oppenheimer analyst B. Bittner now anticipates that the company will earn $0.24 per share for the quarter, down from their previous estimate of $0.59. Oppenheimer also issued estimates for Yum China’s FY2021 earnings at $1.43 EPS.
A number of other research firms have also weighed in on YUMC. The Goldman Sachs Group lifted their price objective on shares of Yum China from $74.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, July 7th. Macquarie cut Yum China from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $56.00 to $52.90 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Yum China has an average rating of “Hold” and an average price target of $78.72.
Yum China (NYSE:YUMC) last announced its quarterly earnings data on Wednesday, July 28th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01). Yum China had a return on equity of 12.77% and a net margin of 10.41%. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.49 billion.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Schroder Investment Management Group grew its holdings in shares of Yum China by 67.8% during the 1st quarter. Schroder Investment Management Group now owns 14,193,270 shares of the company’s stock valued at $1,772,444,000 after purchasing an additional 5,736,443 shares during the last quarter. BlackRock Inc. boosted its position in Yum China by 17.1% during the second quarter. BlackRock Inc. now owns 34,145,331 shares of the company’s stock valued at $2,262,129,000 after buying an additional 4,998,055 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Yum China by 26.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 14,097,917 shares of the company’s stock valued at $834,738,000 after buying an additional 2,975,028 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Yum China by 44.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,428,960 shares of the company’s stock worth $439,869,000 after buying an additional 2,298,777 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Yum China by 98.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,618,081 shares of the company’s stock valued at $239,699,000 after acquiring an additional 1,793,580 shares during the last quarter. 81.50% of the stock is currently owned by institutional investors.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Shareholders of record on Wednesday, August 25th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, August 24th. This represents a $0.48 dividend on an annualized basis and a yield of 0.86%. Yum China’s payout ratio is 31.37%.
About Yum China
Yum China Holdings, Inc engages in the operation and management of restaurants and fast food chains. It operates through the following segments: Kentucky Fried Chicken (KFC), Pizza Hut, and All Other Segments. The KFC segment operates restaurant chain. The Pizza Hut segment covers the Pizza Hut casual dining and Pizza Hut home service.
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