Yum China Holdings Inc (NASDAQ:YUMC) declared a special dividend on Friday, October 6th, Wall Street Journal reports. Investors of record on Thursday, November 30th will be given a dividend of 0.10 per share on Thursday, December 21st. The ex-dividend date is Wednesday, November 29th.

Yum China Holdings (NASDAQ YUMC) traded up 2.13% during trading on Friday, hitting $40.82. 8,021,639 shares of the company traded hands. The company’s 50-day moving average is $38.81 and its 200 day moving average is $38.81. The firm has a market cap of $15.65 billion and a price-to-earnings ratio of 30.01. Yum China Holdings has a 52-week low of $23.79 and a 52-week high of $41.10.

Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings data on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that Yum China Holdings will post $1.46 earnings per share for the current year.

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Yum China Holdings announced that its Board of Directors has approved a stock repurchase program on Thursday, October 5th that authorizes the company to buyback $550.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

In other news, insider Mark Chu sold 22,184 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $37.72, for a total transaction of $836,780.48. Following the completion of the sale, the insider now owns 23,457 shares in the company, valued at approximately $884,798.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several equities research analysts have commented on the stock. Deutsche Bank AG upgraded shares of Yum China Holdings from a “hold” rating to a “buy” rating in a research report on Friday. CIBC reaffirmed an “outperform” rating and set a $45.00 price target (up previously from $43.00) on shares of Yum China Holdings in a research note on Friday. Oppenheimer Holdings, Inc. lifted their price target on Yum China Holdings from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday. Zacks Investment Research downgraded Yum China Holdings from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $35.90 price target (up previously from $33.10) on shares of Yum China Holdings in a research note on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Yum China Holdings presently has a consensus rating of “Hold” and a consensus price target of $39.20.

About Yum China Holdings

Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.

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