After grabbing 20.57 million shares, the institutional investor is now in possession of 20.57 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 4.97% having worth around $888.07 million. Moreover, JPMorgan Investment Management, I increased its share by 4.72 million to have a control over 13.3 million shares. And Massachusetts Financial Services raised its holdings to 0.3 million shares by acquiring 12.37 million shares or 2.99% of the stake.
Yum China Holdings Inc (YUMC) concluded trading on 01/04/24 at a closing price of $42.11, with 3.03 million shares of worth about $127.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.14% during that period and on Thursday the price saw a loss of about -1.96%. Currently the company’s common shares owned by public are about 419.00M shares, out of which, 400.68M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 32 analysts are covering the YUMC stock and their offered price forecasts bring an average price target of $56.91. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $70.50 and could fall to a lowest price of $30.20. The stock’s current price level is 26.01% above of average price target set by the analysts, while a rise to estimated low would result in loss of -39.44% for the stock. However, touching the estimated high of $70.50 would mean a gain of 40.27% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 94 times over the past 12 months. They bought 719,315 shares in 46 of the transactions. In 48 selling transactions, insiders dumped 3,935,651 shares.
Invesco Developing Markets Fund, Government Pension Fund – Global, and Vanguard Emerging Markets Stock I are the top 3 mutual funds which are holding stakes in Yum China Holdings Inc Invesco Developing Markets Fund is currently holding 21.88 million shares of worth totaling $944.85 million. The company recently came buying 0.0 shares which brought its stake up to 5.29% of the company’s outstanding shares. Government Pension Fund – Global bought 1.58 million shares, after which its hold over company’s outstanding shares expand to 1.38%, leaving 5.69 million shares with the mutual fund that have a worth of about $245.6 million. Vanguard Emerging Markets Stock I, after buying 5.52 million shares, have now control over 1.34% of the stake in the company. It holds 5000.0 shares of worth $238.5 million.
Yum China Holdings Inc (NYSE: YUMC) started trading at $41.97, below -$0.98 from concluding price of the previous day. However, the stock later moved at a day high price of 42.96, or with a loss of -1.96%. Stock saw a price change of 0.96% in past 5 days and over the past one month there was a price change of 0.10%. Year-to-date (YTD), YUMC shares are showing a performance of -0.75% which decreased to -25.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $38.99 but also hit the highest price of $64.70 during that period. The average intraday trading volume for Yum China Holdings Inc shares is 2.60 million. The stock is currently trading 2.75% above its 20-day simple moving average (SMA20), while that difference is down -4.92% for SMA50 and it goes to -22.77% lower than SMA200.
GIC Pte Ltd. acquired 20.57 million shares of Yum China Holdings Inc having value of about $888.07 million. Yum China Holdings Inc (NYSE: YUMC) currently have 419.00M outstanding shares and institutions hold larger chunk of about 82.74% of that. Holding of mutual funds in the company is about 33.53% while other institutional holders and individual stake holders have control over 49.98% and 3.26% of the stake respectively.
The stock has a current market capitalization of $17.42B and its 3Y-monthly beta is at 0.42. PE ratio of stock for trailing 12 months is 22.68, while it has posted earnings per share of $1.86 in the same period. Its PEG reads 0.67 and has Quick Ratio of 1.42 while making debt-to-equity ratio of 0.31. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for YUMC, volatility over the week remained 2.08% while standing at 2.27% over the month.
Analysts are in expectations that Yum China Holdings Inc (YUMC) stock would likely to be making an EPS of $0.18 in the current quarter, while forecast for next quarter EPS is $0.72 and it is $2.2 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.08 which is $0.25 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 82.88% while it is estimated to increase by 12.56% in next year. EPS is likely to grow at an annualized rate of 33.79% for next 5-years, compared to annual growth of 0.22% made by the stock over the past 5-years.
Analysts at 32 brokerage firms have issued recommendations for the Yum China Holdings Inc (YUMC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.44. Out of those 32 Wall Street analysts, 24 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on December 19, 2023 offering a Buy rating for the stock and assigned a target price of $58 to it.
