Yum China (NYSE:YUMC) Issues Earnings Results, Beats Estimates By $0.09 EPS

Yum China (NYSE:YUMC) announced its quarterly earnings results on Monday. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09, Briefing.com reports. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Yum China had a net margin of 7.61% and a return on equity of 12.41%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 earnings per share.

Yum China Stock Performance

Shares of YUMC traded down $0.52 during midday trading on Tuesday, reaching $47.78. 1,008,301 shares of the stock were exchanged, compared to its average volume of 3,244,414. The stock’s 50 day simple moving average is $40.92 and its 200 day simple moving average is $36.48. The company has a market cap of $18.37 billion, a P/E ratio of 21.13, a PEG ratio of 1.67 and a beta of 0.36. Yum China has a twelve month low of $28.50 and a twelve month high of $51.68. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 0.01.

Yum China Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, November 26th. Yum China’s dividend payout ratio is 28.32%.

Analysts Set New Price Targets

Several brokerages recently issued reports on YUMC. Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and raised their target price for the company from $30.00 to $37.40 in a research note on Tuesday, August 6th. Citigroup raised Yum China to a “strong-buy” rating in a report on Monday, September 30th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $46.18.

Insider Activity at Yum China

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

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.