Yum China (NYSE:YUMC) Stock Rating Upgraded by JPMorgan Chase & Co.

Yum China (NYSE:YUMC) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a $60.00 price objective on the stock, up from their prior price objective of $35.50. JPMorgan Chase & Co.‘s price target indicates a potential upside of 24.07% from the company’s previous close.

Several other equities research analysts also recently weighed in on YUMC. Citigroup raised shares of Yum China to a “strong-buy” rating in a research note on Monday, September 30th. Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and upped their price target for the company from $30.00 to $37.40 in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $51.68.

Yum China Trading Up 0.1 %

Shares of NYSE:YUMC traded up $0.06 during trading on Tuesday, reaching $48.36. The company’s stock had a trading volume of 2,993,809 shares, compared to its average volume of 3,253,692. The firm’s 50 day simple moving average is $40.92 and its two-hundred day simple moving average is $36.48. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01. Yum China has a 12 month low of $28.50 and a 12 month high of $51.68. The stock has a market capitalization of $18.59 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 1.67 and a beta of 0.36.

Yum China (NYSE:YUMC) last announced its earnings results on Monday, November 4th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. Yum China had a return on equity of 12.41% and a net margin of 7.61%. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts predict that Yum China will post 2.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Warton Wang acquired 3,700 shares of the stock in a transaction on Friday, August 16th. The stock was bought at an average cost of $34.67 per share, with a total value of $128,279.00. Following the transaction, the insider now directly owns 25,023 shares in the company, valued at approximately $867,547.41. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Warton Wang acquired 3,700 shares of Yum China stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $34.67 per share, for a total transaction of $128,279.00. Following the acquisition, the insider now directly owns 25,023 shares of the company’s stock, valued at $867,547.41. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeff Kuai bought 3,900 shares of the stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of $32.72 per share, with a total value of $127,608.00. Following the completion of the acquisition, the insider now directly owns 3,900 shares in the company, valued at approximately $127,608. The disclosure for this purchase can be found here. Insiders have purchased 18,400 shares of company stock valued at $619,671 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Yum China

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in Yum China by 43.9% in the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 258 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its position in shares of Yum China by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 6,802 shares of the company’s stock worth $271,000 after purchasing an additional 286 shares in the last quarter. Blair William & Co. IL increased its position in shares of Yum China by 1.2% during the second quarter. Blair William & Co. IL now owns 25,639 shares of the company’s stock worth $791,000 after purchasing an additional 302 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in shares of Yum China by 12.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 3,338 shares of the company’s stock valued at $103,000 after purchasing an additional 360 shares during the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in shares of Yum China by 53.7% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company’s stock worth $34,000 after purchasing an additional 380 shares in the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Yum China Company Profile

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 to sell products; and offers online food deliver services.