Yum China Holdings Inc (NASDAQ:YUMC) insider Danny Tan sold 2,124 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $41.84, for a total value of $88,868.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Yum China Holdings Inc (YUMC) opened at 42.39 on Thursday. The company’s 50-day moving average price is $39.38 and its 200 day moving average price is $39.38. Yum China Holdings Inc has a 1-year low of $23.79 and a 1-year high of $43.47. The company has a market cap of $16.28 billion and a price-to-earnings ratio of 31.17.
Yum China Holdings (NASDAQ:YUMC) last issued its earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.04). The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.98 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. On average, analysts predict that Yum China Holdings Inc will post $1.42 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, November 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 29th.
Yum China Holdings declared that its Board of Directors has authorized a stock repurchase program on Thursday, October 5th that permits the company to repurchase $550.00 million in shares. This repurchase authorization permits the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
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Several brokerages have weighed in on YUMC. Morgan Stanley reissued an “overweight” rating and set a $45.00 price objective on shares of Yum China Holdings in a report on Monday. Instinet reissued a “buy” rating and set a $51.60 price objective (up from $51.50) on shares of Yum China Holdings in a report on Monday. Nomura began coverage on Yum China Holdings in a report on Monday. They set a “buy” rating and a $51.60 price objective for the company. Bank of America Corporation reaffirmed a “neutral” rating and issued a $45.10 price target (up from $41.60) on shares of Yum China Holdings in a report on Friday, October 6th. Finally, Deutsche Bank AG raised Yum China Holdings from a “hold” rating to a “buy” rating and set a $45.30 price target for the company in a report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.35.
A number of institutional investors have recently modified their holdings of the stock. BKD Wealth Advisors LLC boosted its holdings in Yum China Holdings by 0.4% in the 2nd quarter. BKD Wealth Advisors LLC now owns 7,547 shares of the company’s stock worth $298,000 after buying an additional 30 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Yum China Holdings by 3.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock worth $107,000 after buying an additional 102 shares during the period. Hall Capital Management Co. Inc. boosted its holdings in Yum China Holdings by 1.2% in the 2nd quarter. Hall Capital Management Co. Inc. now owns 10,126 shares of the company’s stock worth $399,000 after buying an additional 118 shares during the period. North Star Asset Management Inc. boosted its holdings in Yum China Holdings by 0.3% in the 2nd quarter. North Star Asset Management Inc. now owns 72,246 shares of the company’s stock worth $2,849,000 after buying an additional 190 shares during the period. Finally, Auxier Asset Management boosted its holdings in Yum China Holdings by 1.5% in the 2nd quarter. Auxier Asset Management now owns 13,437 shares of the company’s stock worth $530,000 after buying an additional 200 shares during the period.
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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