Yum China FY2024 EPS Forecast Increased by Zacks Research

Yum China Holdings, Inc. (NYSE:YUMC) – Analysts at Zacks Research upped their FY2024 EPS estimates for shares of Yum China in a report released on Monday, November 18th. Zacks Research analyst H. Ray now expects that the company will earn $2.33 per share for the year, up from their previous estimate of $2.21. The consensus estimate for Yum China’s current full-year earnings is $2.33 per share. Zacks Research also issued estimates for Yum China’s Q1 2025 earnings at $0.83 EPS.

A number of other analysts have also weighed in on the stock. Macquarie raised shares of Yum China from an “underperform” rating to an “outperform” rating and increased their price objective for the stock from $30.00 to $37.40 in a research report on Tuesday, August 6th. Citigroup raised shares of Yum China to a “strong-buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. raised shares of Yum China from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $35.50 to $60.00 in a research report on Tuesday, November 5th. Finally, StockNews.com raised shares of Yum China from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Five 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 company currently has an average rating of “Buy” and a consensus target price of $51.68.

Yum China Stock Down 0.7 %

Shares of NYSE YUMC opened at $47.06 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.15 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 $52.00. The stock has a market capitalization of $17.87 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.68 and a beta of 0.36. The firm’s 50-day moving average price is $44.42 and its 200-day moving average price is $37.36.

Yum China (NYSE:YUMC) last announced its earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.09. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS.

Yum China Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a yield of 1.36%. Yum China’s dividend payout ratio is currently 28.32%.

Hedge Funds Weigh In On Yum China

A number of hedge funds have recently added to or reduced their stakes in YUMC. Farther Finance Advisors LLC boosted its stake in Yum China by 43.9% in the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock valued at $38,000 after acquiring an additional 258 shares in the last quarter. Industrial Alliance Investment Management Inc. raised its holdings 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 during the last quarter. Blair William & Co. IL raised its holdings 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 during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Yum China by 1.3% during the third quarter. D.A. Davidson & CO. now owns 23,692 shares of the company’s stock worth $1,067,000 after purchasing an additional 304 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Yum China by 2.6% during the third quarter. Advisors Asset Management Inc. now owns 12,659 shares of the company’s stock valued at $570,000 after buying an additional 323 shares during the period. 85.58% of the stock is currently owned by institutional investors.

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 to sell products; and offers online food deliver services.