The price of Yum China Holdings Inc (NYSE:YUMC) shares last traded on Wall Street fell -4.71% to $35.39.
YUMC stock price is now -8.49% away from the 50-day moving average and -20.20% away from the 200-day moving average. The market capitalization of the company currently stands at $13.80B.
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With the price target of $58, Deutsche Bank recently initiated with Buy rating for Yum China Holdings Inc (NYSE: YUMC). On September 22, 2023, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $65.78 to quote $71.30, while ‘CLSA’ rates the stock as ‘Buy’
In other news, Zhang Leila, Chief Technology Officer sold 1,790 shares of the company’s stock on Nov 24 ’23. The stock was sold for $80,586 at an average price of $45.02. Upon completion of the transaction, the Chief Technology Officer now directly owns 17,081 shares in the company, valued at $0.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’23, Chief Executive Officer Wat Joey bought 14,000 shares of the business’s stock. A total of $647,615 was incurred on buying the stock at an average price of $46.26. This leaves the insider owning 269,144 shares of the company worth $9.53 million. A total of 3.79% of the company’s stock is owned by insiders.
During the past 12 months, Yum China Holdings Inc has had a low of $33.55 and a high of $61.99. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.39, and a quick ratio of 1.24. According to the stock market information, the enterprise value for the company is $14581620736, which is based on a 17.75 price-to-earnings ratio, a 1.78 price-to-earnings-growth ratio, and a beta of 0.40. The fifty day moving average price for YUMC is $38.5284 and a two-hundred day moving average price translates $44.24085 for the stock.
The latest earnings results from Yum China Holdings Inc (NYSE: YUMC) was released for 2024-03-31. According to the Restaurants Company, earnings per share came in at 0.47, beating analysts’ expectations of 0.46 by 0.01. This compares to $0.74 EPS in the same period last year. The net profit margin was 7.49% and return on equity was 13.15% for YUMC. The company reported revenue of $2.96 billion for the quarter, compared to $2.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.41 percent. For the current quarter, analysts expect YUMC to generate $2.82B in revenue.
