Yum China (YUMC)
Operator of KFC, Pizza Hut and localized restaurant concepts across mainland China.
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Operates KFC and Pizza Hut restaurants across mainland China, with additional Chinese-dining and coffee concepts. The model combines company-owned and franchised stores with delivery, digital ordering and loyalty programs, while core global brands depend on rights licensed from Yum! Brands.
Operates KFC and Pizza Hut restaurants across mainland China, alongside Taco Bell, Little Sheep, Huang Ji Huang and Lavazza concepts. The model combines company-owned restaurants with a growing franchise network.
Builds menus and store formats for local demand while connecting restaurants through delivery, digital ordering and loyalty programs. A localized supply chain supports expansion into lower-tier cities and remote markets.
Most activity remains within mainland China. KFC and Pizza Hut are operated under exclusive rights licensed from Yum! Brands, while Little Sheep and Huang Ji Huang are owned concepts. Continued access to the NYSE also depends on U.S. audit-inspection access for mainland China and Hong Kong.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $58.50 | Target: $59 |
| Feb 4, 2026 | Jefferies | Target | Target: — | Target: $63.64 |
| Feb 4, 2026 | Goldman Sachs | Target | Target: — | Target: $58.50 |
| Jan 16, 2026 | BWG Global | Upgrade | ||
| Nov 25, 2025 | CLSA | Target | Target: — | Target: $55 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.39B · Total debt $2.30B · Total assets $10.87B · Shareholders' equity $5.36B
- Revenue
- $3.14B
- Operating income
- $398.0M
- Net income
- $244.0M
HistoryDividendAnnual yield
| Institutions | 66.94% | 233.71M shares | |
|---|---|---|---|
| 684 holders · as of Jun 30, 2026 | |||
| Insiders | 6.12% | 21.35M shares | |
| 22 holders · as of Sep 21, 2026 | |||
| Strategic holders | 15.17% | 52.98M shares | |
| 2 holders · as of Dec 7, 2023 | |||
| Other | 11.77% | 41.10M shares | |
| remainder | |||
349.15M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Strategic | 9.28% | 32.41M | filed Feb 3, 2022 |
JPMorgan Chase & CoInstitution | 6.91% | 24.12M | as of Jun 30, 2026 |
Aberdeen Asset Management PLCInstitution | 6.85% | 23.91M | filed Feb 8, 2017 |
Principal Financial Group IncInstitution | 6.05% | 21.13M | as of Jun 30, 2026 |
GIC Private LimitedStrategic | 5.89% | 20.57M | filed Dec 7, 2023 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Duoduo (Howard) HUANG | officer: Chief Supply Chain Officer | −24,096 | $47.08 |
| Aug 12, 2026 | Jeff Kuai | officer: General Manager, Pizza Hut | −14,586 | $47.72 |
| Feb 24, 2026 | Xueling Lu | officer: Controller and PAO | −23,504 | $55.84 |
| Feb 13, 2026 | Joey Wat | director, officer: Chief Executive Officer | −104,000 | $55.18 |
| Feb 11, 2026 | Joey Wat | director, officer: Chief Executive Officer | −4,613 | $57.01 |
- McDonald's
Primary western-QSR rival to KFC across China
- Starbucks
Large China coffeehouse network overlapping with Lavazza
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Yum China | $41.61 | +0.34% | $14.48B | 15.2 | 13.2 | 1.2 | +12.6% |
| McDonald's | $251.84 | +1.60% | $176.12B | 20.1 | 19.0 | 6.4 | +3.7% |
| Starbucks | $95.63 | +0.77% | $108.19B | 54.5 | 32.0 | 2.8 | −1.4% |
| Median | 37.3 | 25.5 | 4.6 | +1.2% |