JP Morgan Upgrades Yum China Holdings: A Closer Look at the Financial Outlook
Analysts Predict Modest Growth Ahead
On November 5, 2024, JP Morgan raised its outlook for Yum China Holdings (NYSE:YUMC) from Neutral to Overweight.
As of October 22, 2024, analysts have set an average one-year price target of $50.96 per share for Yum China Holdings. Notably, predictions vary, with estimates ranging from a low of $35.35 to a high of $75.83. This average price target indicates a potential upside of 2.31% from its last reported closing price of $49.81 per share.
For a broader view, check out our leaderboard showing companies with the highest potential price increases.
Revenue and Earnings Projections
Yum China Holdings is expected to report annual revenue of $12,695 million, reflecting a 13.34% increase. Analysts also project a non-GAAP EPS of 2.35.
Institutional Investment Trends
Currently, 1,006 funds or institutions hold positions in Yum China Holdings. This figure shows a slight decrease of 31 owners (2.99%) within the last quarter. The average portfolio weight for all funds invested in YUMC stands at 0.31%, which marks a 16.50% increase. Additionally, total shares owned by institutional investors rose by 6.44% in the past three months, totaling 356,152K shares.
The put/call ratio for YUMC is currently 0.44, indicating a generally bullish investor sentiment.
Changes in Holdings Among Major Shareholders
JP Morgan Chase currently holds 19,619K shares, equating to 5.16% ownership, a drop from their previous 20,307K shares (a decrease of 3.51%) and a 27.28% reduction in portfolio allocation over the last quarter.
Invesco now owns 15,145K shares, which is 3.98% of the company, a decrease from 18,389K shares previously (representing a 21.42% reduction and a 37.15% drop in their portfolio allocation).
Price T Rowe Associates holds 14,464K shares, representing 3.80% ownership, down from 16,745K shares, marking a 15.77% decline in shareholding and a 34.64% decrease in their portfolio allocation.
Primavera Capital Management’s holdings remain unchanged at 12,036K shares, representing 3.17% ownership.
Massachusetts Financial Services now holds 11,967K shares, accounting for 3.15% ownership, reflecting a small increase from 11,846K shares (an increase of 1.02%) but an 87.63% decrease in portfolio allocation.
Background on Yum China Holdings
(This description is provided by the company.)
Yum China Holdings, Inc. is a franchisee of Yum! Brands in mainland China, with exclusive rights to well-known brands such as KFC, Pizza Hut, and Taco Bell in the region. The company also operates its own concepts, including Little Sheep and COFFii & JOY. As of December 2020, Yum China managed 10,506 restaurants in over 1,500 cities. Notably, it ranked #361 on the Fortune 500 list in 2020 and has received multiple accolades for sustainability and workplace equality.
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This information originally appeared on Fintel.
The views and opinions expressed in this report are those of the author and do not necessarily reflect those of Nasdaq, Inc.
