Short Interest in Yum China Holdings Inc (NYSE:YUMC) Expands By 9.4%

Yum China Holdings Inc (NYSE:YUMC) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 6,921,100 shares, an increase of 9.4% from the June 30th total of 6,327,300 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,830,000 shares, the short-interest ratio is currently 2.4 days.

Several equities research analysts have weighed in on the stock. Bank of America raised shares of Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price target for the company in a research note on Tuesday, April 30th. Zacks Investment Research downgraded shares of Yum China from a “strong-buy” rating to a “hold” rating and set a $53.00 price target for the company. in a research note on Friday, July 5th. Finally, UBS Group lifted their price target on shares of Yum China from $46.07 to $56.06 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Yum China presently has an average rating of “Buy” and an average target price of $48.54.

YUMC opened at $42.60 on Friday. Yum China has a 1-year low of $30.10 and a 1-year high of $48.27. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 0.01. The company has a market cap of $16.21 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 2.69 and a beta of 1.15. The company has a fifty day moving average price of $44.42 and a two-hundred day moving average price of $43.05.

Yum China (NYSE:YUMC) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.09. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.16 billion. Yum China had a net margin of 7.91% and a return on equity of 21.03%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. On average, research analysts forecast that Yum China will post 1.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Monday, August 26th. Yum China’s payout ratio is presently 31.37%.

In related news, Director Muktesh Pant sold 88,184 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $45.76, for a total value of $4,035,299.84. Following the transaction, the director now owns 403,163 shares in the company, valued at $18,448,738.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.44% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. Pictet Asset Management Ltd. increased its position in shares of Yum China by 14.9% during the first quarter. Pictet Asset Management Ltd. now owns 693,798 shares of the company’s stock worth $31,158,000 after acquiring an additional 89,798 shares in the last quarter. Bartlett & Co. LLC grew its position in Yum China by 181.0% in the 1st quarter. Bartlett & Co. LLC now owns 2,391 shares of the company’s stock worth $107,000 after purchasing an additional 1,540 shares in the last quarter. California Public Employees Retirement System grew its position in Yum China by 18.3% in the 1st quarter. California Public Employees Retirement System now owns 1,250,104 shares of the company’s stock worth $56,142,000 after purchasing an additional 193,651 shares in the last quarter. CIBC Asset Management Inc grew its position in Yum China by 15.3% in the 1st quarter. CIBC Asset Management Inc now owns 13,842 shares of the company’s stock worth $622,000 after purchasing an additional 1,836 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Yum China by 24.6% in the 1st quarter. Nordea Investment Management AB now owns 172,740 shares of the company’s stock worth $7,758,000 after purchasing an additional 34,139 shares in the last quarter. 81.87% of the stock is owned by institutional investors.

Yum China Company Profile

Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.

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