Economy

State Street Corp Sells 470692 Shares of Yum! Brands, Inc. (YUM)

The brokerage now has a $78.00 price target on the restaurant operator's stock.

Other analysts have also issued research reports about the stock. Oppenheimer Holdings, Inc. lifted their target price on Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th.

08/04/2017 - Yum! Brands, Inc. had its "equal-weight" rating reiterated by analysts at Barclays. They issued a buy rating and a $51.00 price target for the company. Zacks Investment Research lowered shares of Yum China Holdings from a buy rating to a hold rating in a report on Friday, August 4th.

05/11/2017 - Yum! Brands, Inc. was upgraded to "neutral" by analysts at Goldman Sachs. The company has a consensus rating of "Buy" and a consensus target price of $79.89.

The company is now down by 0.65%% since yesterday's close of 42.94.

The stock's 50 day moving average is 75.69 and its 200 day moving average is 72.44. Yum China Holdings Inc has a 12-month low of $23.79 and a 12-month high of $43.55. The company has market cap of $26.22 billion.

Looking further at additional technical indicators we can see that the 14-day Commodity Channel Index (CCI) for Yum China Holdings Inc (YUMC) is sitting at 62.57. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.98 billion.

Shares of Yum China Holdings Inc (NASDAQ YUMC) opened at 40.75 on Friday.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. Brands, Inc. will post $2.81 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was originally published by Week Herald and is the property of of Week Herald. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and worldwide copyright laws. The correct version of this news story can be viewed at https://www.truebluetribune.com/2017/10/17/51855-shares-in-yum-china-holdings-inc-yumc-purchased-by-c-m-bidwell-associates-ltd.html.

Yum China Holdings (NASDAQ:YUMC) last announced its earnings results on Thursday, October 5th. Following the transaction, the chief executive officer now directly owns 115,733 shares of the company's stock, valued at approximately $3,607,397.61. A reading over 70 would indicate that the stock is overbought, and possibly overvalued.

The company also recently disclosed a special dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be issued a $0.10 dividend.

In related news, CFO David W. Gibbs sold 8,336 shares of the firm's stock in a transaction dated Wednesday, August 9th. Brands, Inc. analysts have any power to influence the stock's share price, the highest price target set for YUM is $88. This figure is found by taking the postscript price and multiplying it by the total number of shares outstanding. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The stock exchanged hands with 2027898 numbers of shares contrast to its average daily volume of 4.11M shares. Short shares increased 1,216,946 over that period. As of the end of the quarter Vigilant Capital Management, LLC had disposed of 200 shares trimming its position 11.8%. BKD Wealth Advisors LLC raised its position in Yum China Holdings by 0.4% in the 2nd quarter. Peapack Gladstone Financial Corp boosted its holdings in shares of Yum! Ledyard National Bank now holds 610 shares worth $24,000. Hall Capital Management Co.

Yum! Brands, Inc. most recently reported earnings per share (EPS) of $0.68 for the June 2017 versus $0.75 in the same quarter a year ago, representing -9% growth. Brands, Inc. (NYSE:YUM). Silvercrest Asset Mngmt Ltd Llc holds 34,500 shares. Finally, Auxier Asset Management boosted its stake in shares of Yum China Holdings by 1.5% during the second quarter. Auxier Asset Management now owns 13,437 shares of the company's stock worth $530,000 after buying an additional 200 shares during the period.

Yum China Holdings, Inc is a restaurant company. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world. As of December 31, 2016, the Company had over 7,500 restaurants in China.



Like this

Latest


17 October 2017
Sun Life Financial INC Raises Stake in TJX Companies, Inc. (The) (TJX)
The TJX Companies, Inc ( TJX ) is an off-price apparel and home fashions retailer in the United States and across the world. Group One Trading Lp decreased Lions Gate Entmnt Corp stake by 15,007 shares to 13,930 valued at $393,000 in 2017Q2.

17 October 2017
New Report: US Oil Will Smash Records in 2018
Supplies at the storage hub of Cushing, Oklahoma, rose by 1.216 million barrels. Natural gas futures rose 0.60% to $3.007 per million British thermal units.

17 October 2017
Reese Witherspoon shares story of harassment: A director assaulted me at 16
Witherspoon revealed that she was also sexually assaulted at 16-years-old, and then silenced after the incident. The actress said she would "see this man on a daily basis for years to come".

17 October 2017
Chinese nationals indicted, linked to OR overdoses
Officials say American customers could purchase pure fentanyl and other unsafe drugs online, directly from Chinese factories. Attorney's Office in the District of OR and the Quebec office of the Public Prosecution Service of Canada.

17 October 2017
Sonora Investment Management, LLC Sold A Little More QUALCOMM Incorporated (QCOM) Stock
They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. The firm has "Hold" rating given on Wednesday, August 9 by Piper Jaffray. (NASDAQ:CROX) on Tuesday, May 10 to "Buy" rating.

17 October 2017
Wind warning issued for Central Alberta
Our neighbouring province has already registered gusts over 80 km/h, with some areas bracing for gusts near 130 km/h on Tuesday. The strong winds will calm down overnight or early tomorrow as this weather system tracks into Manitoba.

17 October 2017
MGMT Returns with Video for New Single 'Little Dark Age'
They've previously played the track live a few times, first at the Memphis in May Beale Street Music Festival earlier this year. Their upcoming fourth album doesn't yet have a release date, but it is expected in early 2018.

17 October 2017
WWII live-action trailer suggests you 'get your squad back together'
The download will take up 45.1 GBs on your Xbox One so if you have a slow internet speed, you may want to start the pre-load now. That's right, Call of Duty WWII features three different live-action trailers that surly bring a fan a smile.

17 October 2017
This Cow on the Loose in Brooklyn Is All of Us
The insane scene took place Tuesday beginning at around 11 a.m. local time, and it took nearly two hours to capture it. Police cornered the animal in Prospect Park and were trying to approach him shortly after noon, a spokesperson said.

17 October 2017
Comprehensive Stock Analysis Of PayPal Holdings, Inc. (PYPL)
They now have a $78.00 price objective on the credit services provider's stock, up from their previous price objective of $71.00. Short traders are more bearish on shares of PayPal Holdings, Inc . recently if you take a look at the change in short interest.



Recommended