Investors Sell Shares of Yum China Holdings Inc (YUMC) on Strength (YUMC)
Investors sold shares of Yum China Holdings Inc (NASDAQ:YUMC) on strength during trading on Friday. $16.07 million flowed into the stock on the tick-up and $41.62 million flowed out of the stock on the tick-down, for a money net flow of $25.55 million out of the stock. Of all stocks tracked, Yum China Holdings had the 0th highest net out-flow for the day. Yum China Holdings traded up $1.64 for the day and closed at $41.81
Several research firms recently commented on YUMC. Zacks Investment Research upgraded shares of Yum China Holdings from a “sell” rating to a “hold” rating in a research report on Friday. Morgan Stanley reissued an “overweight” rating and issued a $45.00 price objective on shares of Yum China Holdings in a research note on Monday, October 9th. Instinet reissued a “buy” rating and issued a $51.60 price objective (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 issued a “buy” rating and a $51.60 price objective on the stock. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $45.10 price objective (up from $41.60) on shares of Yum China Holdings in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Yum China Holdings has a consensus rating of “Hold” and an average target price of $42.35.
Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). Yum China Holdings had a return on equity of 30.55% and a net margin of 10.84%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year.
The business also recently declared a special dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 29th.
Yum China Holdings declared that its board has authorized a share buyback 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 shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
In other news, insider Angela Ai sold 17,678 shares of the company’s 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 legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Chu sold 22,184 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $37.72, for a total transaction of $836,780.48. Following the transaction, the insider now directly owns 23,457 shares in the company, valued at $884,798.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,986 shares of company stock worth $1,686,687.
Several large investors have recently bought and sold shares of YUMC. Parkside Financial Bank & Trust grew its stake in shares of Yum China Holdings by 3.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock worth $107,000 after purchasing an additional 102 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in shares of Yum China Holdings during the 2nd quarter worth $157,000. Nippon Life Insurance Co. acquired a new position in shares of Yum China Holdings during the 2nd quarter worth $162,000. Tower Research Capital LLC TRC acquired a new stake in Yum China Holdings in the 2nd quarter valued at about $176,000. Finally, Goelzer Investment Management Inc. acquired a new stake in Yum China Holdings in the 3rd quarter valued at about $201,000.
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Yum China Holdings Company Profile
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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