HSBC Boosts Yum China (NYSE:YUMC) Price Target to $79.20

Yum China (NYSE:YUMC) had its target price upped by investment analysts at HSBC from $77.90 to $79.20 in a report released on Tuesday, FlyOnTheWall reports. HSBC’s price objective indicates a potential upside of 38.49% from the company’s current price.

Separately, StockNews.com initiated coverage on shares of Yum China in a research report on Thursday, August 17th. They issued a “buy” rating for the company.

Yum China Stock Down 1.3 %

Shares of NYSE YUMC opened at $57.19 on Tuesday. Yum China has a 1 year low of $38.58 and a 1 year high of $64.70. The company has a market capitalization of $23.80 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 1.37 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.71 and a quick ratio of 1.53. The business has a 50-day moving average of $55.88 and a two-hundred day moving average of $58.70.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. Yum China had a return on equity of 10.39% and a net margin of 7.20%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year. On average, analysts forecast that Yum China will post 2.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Yum China

Several institutional investors and hedge funds have recently added to or reduced their stakes in YUMC. Core Alternative Capital acquired a new position in Yum China during the first quarter worth $25,000. Disciplined Investments LLC acquired a new stake in shares of Yum China in the first quarter valued at about $25,000. Norwood Financial Corp purchased a new stake in Yum China during the first quarter worth about $29,000. Farther Finance Advisors LLC increased its holdings in Yum China by 116.8% in the second quarter. Farther Finance Advisors LLC now owns 464 shares of the company’s stock valued at $26,000 after buying an additional 250 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. increased its holdings in Yum China by 817.3% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 477 shares of the company’s stock valued at $27,000 after buying an additional 425 shares in the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

About Yum China

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.