Yum China Holdings Inc. (YUMC) To Go Ex-Dividend on November 29th

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

Shares of Yum China Holdings (YUMC) opened at $40.63 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.69 and a quick ratio of 1.42. The stock has a market cap of $15,613.11 and a price-to-earnings ratio of 29.02. Yum China Holdings has a 52 week low of $25.53 and a 52 week high of $43.55.

Yum China Holdings (NYSE:YUMC) last announced its quarterly earnings data on Thursday, October 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Yum China Holdings had a return on equity of 21.35% and a net margin of 8.43%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. research analysts anticipate that Yum China Holdings will post 1.44 EPS for the current year.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Yum China Holdings from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $45.00 target price on shares of Yum China Holdings in a research note on Monday, October 9th. Instinet reaffirmed a “buy” rating and set a $51.60 target price (up from $51.50) on shares of Yum China Holdings in a research note on Monday, October 9th. Nomura began coverage on shares of Yum China Holdings in a research note on Monday, October 9th. They set a “buy” rating and a $51.60 target price for the company. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $45.10 target price (up from $41.60) on shares of Yum China Holdings in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $42.35.

In other Yum China Holdings news, insider Angela Ai sold 17,678 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $43.05, for a total transaction of $761,037.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $88,868.16. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

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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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