GIC Pte Ltd. recently announced the acquisition of new stake in Yum China Holdings Inc (NYSE:YUMC). This fresh investment now brings its stake to 4.97% valued currently at $888.07 million. In addition, JPMorgan Investment Management, I raised its holdings by 4.72 million to 13.3 million shares. And Massachusetts Financial Services has lifted its position by 2.45% or 0.3 million shares – to 12.37 million shares.
With over 3.97 million Yum China Holdings Inc (YUMC) shares trading Tuesday and a closing price of $39.16 on the day, the dollar volume was approximately $155.37 million. The shares have shown a negative half year performance of -31.20% and its price on 01/09/24 lost nearly -3.07%. Currently, there are 419.00M common shares owned by the public and among those 400.68M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 32 analysts who have offered their price forecasts for YUMC have a consensus price objective of $56.25. The analysts have set the share’s price value over the next 12 months at a high of $67.70 and a low of $30.20. The average price target is 30.38% above its recent price level and a downside to the estimated low will see the stock lose -29.67% over that period. But an upside of 42.16% will see the stock hit the forecast high price target while median target price for the stock is $57.66.
Insiders at the company have transacted a total of 94 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 719,315 shares. Insider sales of the common stock occurred on 48 occasions, with total insider shares sold totaling 3,935,651 shares.
The top 3 mutual fund holders in Yum China Holdings Inc are Invesco Developing Markets Fund, Government Pension Fund – Global, and Vanguard Emerging Markets Stock I. Invesco Developing Markets Fund owns 24.0 million shares of the company’s stock, all valued at over $1.04 billion. The company bought an additional 2.12 million shares recently to bring their total holdings to about 5.80% of the shares outstanding. Government Pension Fund – Global bought 1.58 million shares to see its total holdings expand to 5.69 million shares valued at over $245.6 million and representing 1.38% of the shares outstanding. Vanguard Emerging Markets Stock I bought 5000.0 shares to bring its total holdings to over 5.52 million shares at a value of $238.5 million. Vanguard Emerging Markets Stock I now owns shares totaling to 1.34% of the shares outstanding.
Shares of Yum China Holdings Inc (NYSE: YUMC) opened at $39.80, down -$0.6 from a prior closing price of $40.40. However, the script later moved the day high at 39.83, down -3.07%. The company’s stock has a 5-day price change of -7.73% and -27.04% over the past three months. YUMC shares are trading -7.71% year to date (YTD), with the 12-month market performance down to -32.51% lower. It has a 12-month low price of $38.99 and touched a high of $64.70 over the same period. YUMC has an average intraday trading volume of 2.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.69%, -10.18%, and -27.77% respectively.
Institutional ownership of Yum China Holdings Inc (NYSE: YUMC) shares accounts for 82.30% of the company’s 419.00M shares outstanding. Mutual fund holders own 33.15%, while other institutional holders and individual stakeholders account for 49.97% and 3.26% respectively.
It has a market capitalization of $16.20B and a beta (3y monthly) value of 0.43. The stock’s trailing 12-month PE ratio is 21.10, while the earnings-per-share (ttm) stands at $1.86. The company has a PEG of 0.62 and a Quick Ratio of 1.42 with the debt-to-equity ratio at 0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.84% over the week and 2.22% over the month.
Analysts forecast that Yum China Holdings Inc (YUMC) will achieve an EPS of $0.16 for the current quarter, $0.67 for the next quarter and $2.17 for 2024. The lowest estimate earnings-per-share for the quarter is $0.08 while analysts give the company a high EPS estimate of $0.24. Comparatively, EPS for the current quarter was $0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 82.87%, and 12.18% over the next financial year. EPS should grow at an annualized rate of 33.79% over the next five years, compared to 0.22% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 32 brokerage firm advisors rate Yum China Holdings Inc (YUMC) as a “Strong Buy” at a consensus score of 1.44. Specifically, 24 Wall Street analysts polled rate the stock as a buy, while 3 of the 32 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the YUMC, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on December 19, 2023, with the firm’s price target at $58.
