Yum China Holdings Inc (YUMC) Insider Sells $761,037.90 in Stock
Yum China Holdings Inc (NASDAQ:YUMC) insider Angela Ai sold 17,678 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $43.05, for a total value of $761,037.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Yum China Holdings Inc (NASDAQ YUMC) traded up 0.291% during midday trading on Friday, hitting $43.065. The stock had a trading volume of 662,993 shares. The stock has a market capitalization of $16.55 billion and a PE ratio of 31.665. Yum China Holdings Inc has a 1-year low of $23.79 and a 1-year high of $43.55. The stock’s 50-day moving average is $39.52 and its 200-day moving average is $39.52.
Yum China Holdings (NASDAQ:YUMC) last announced its quarterly earnings results on Thursday, October 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04). Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company posted $0.52 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that Yum China Holdings Inc will post $1.42 EPS for the current fiscal year.
Yum China Holdings announced that its Board of Directors has initiated a stock buyback program on Thursday, October 5th that authorizes the company to buyback $550.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The business also recently declared a special dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, November 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 29th.
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A number of institutional investors have recently made changes to their positions in YUMC. FNY Partners Fund LP grew its holdings in Yum China Holdings by 3,600.0% during the first quarter. FNY Partners Fund LP now owns 3,700 shares of the company’s stock worth $100,000 after buying an additional 3,600 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Yum China Holdings by 3.9% during the second quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock worth $107,000 after buying an additional 102 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new stake in Yum China Holdings during the second quarter worth $157,000. Nippon Life Insurance Co. bought a new stake in Yum China Holdings during the second quarter worth $162,000. Finally, Tower Research Capital LLC TRC bought a new stake in Yum China Holdings during the second quarter worth $176,000.
YUMC has been the subject of a number of research reports. Citigroup Inc. initiated coverage on Yum China Holdings in a research note on Monday, September 18th. They set a “buy” rating and a $51.00 target price for the company. Deutsche Bank AG downgraded Yum China Holdings from a “buy” rating to a “hold” rating and upped their price target for the stock from $34.72 to $36.61 in a research report on Thursday, July 6th. Zacks Investment Research downgraded Yum China Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $43.00 price target on shares of Yum China Holdings in a research report on Friday, September 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $41.00 price target on shares of Yum China Holdings in a research report on Friday, July 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $42.35.
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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