Yum China (NYSE:YUMC) Sees Strong Trading Volume

Yum China Holdings, Inc. (NYSE:YUMC) shares saw strong trading volume on Thursday . 3,865,299 shares were traded during trading, an increase of 26% from the previous session’s volume of 3,077,467 shares.The stock last traded at $44.10 and had previously closed at $38.19.

Analyst Ratings Changes

Separately, Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and raised their price target for the company from $30.00 to $37.40 in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $46.18.

Yum China Trading Up 3.4 %

The firm has a market capitalization of $17.66 billion, a P/E ratio of 22.78, a PEG ratio of 1.60 and a beta of 0.34. The business’s 50 day moving average is $33.71 and its two-hundred day moving average is $35.33. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.47 by $0.08. Yum China had a net margin of 7.61% and a return on equity of 12.41%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the previous year, the business earned $0.47 earnings per share. Yum China’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts expect that Yum China Holdings, Inc. will post 2.22 EPS for the current year.

Yum China Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Tuesday, August 27th. Yum China’s payout ratio is 32.16%.

Insiders Place Their Bets

In related news, insider Warton Wang bought 3,700 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $34.67 per share, with a total value of $128,279.00. Following the completion of the transaction, the insider now directly owns 25,023 shares of the company’s stock, valued at $867,547.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Warton Wang bought 3,700 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was bought at an average cost of $34.67 per share, for a total transaction of $128,279.00. Following the completion of the acquisition, the insider now directly owns 25,023 shares in the company, valued at approximately $867,547.41. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeff Kuai purchased 3,900 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of $32.72 per share, for a total transaction of $127,608.00. Following the acquisition, the insider now directly owns 3,900 shares of the company’s stock, valued at $127,608. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 18,400 shares of company stock worth $619,671. 0.30% of the stock is owned by insiders.

Institutional Trading of Yum China

Hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new position in Yum China during the second quarter valued at $945,000. Coronation Fund Managers Ltd. boosted its position in Yum China by 2.4% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 240,585 shares of the company’s stock worth $7,420,000 after acquiring an additional 5,719 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Yum China by 7.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,316 shares of the company’s stock valued at $380,000 after acquiring an additional 803 shares in the last quarter. MBB Public Markets I LLC acquired a new position in shares of Yum China in the 2nd quarter valued at about $904,000. Finally, Dark Forest Capital Management LP lifted its position in shares of Yum China by 181.8% in the second quarter. Dark Forest Capital Management LP now owns 14,843 shares of the company’s stock worth $458,000 after purchasing an additional 9,575 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

About Yum China

Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.