GIC Pte Ltd. recently announced the acquisition of new stake in Yum China Holdings Inc (NYSE:YUMC). The institutional investor has increased its shareholding in the Consumer Cyclical company by 18.99% to 24.47 million shares with purchase of 3.9 million shares. This fresh investment now brings its stake to 5.92% valued currently at $1.04 billion. In addition, Massachusetts Financial Services raised its holdings by 0.3 million to 12.37 million shares. And T. Rowe Price Singapore Pte Ltd. has lifted its position by 55.21% or 4.27 million shares – to 12.01 million shares.
Currently, there are 419.00M common shares owned by the public and among those 394.08M shares have been available to trade.
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Insiders at the company have transacted a total of 75 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 37 of these insider trades were purchases, accounting for 610,496 shares. Insider sales of the common stock occurred on 38 occasions, with total insider shares sold totaling 3,801,766 shares.
The top 3 mutual fund holders in Yum China Holdings Inc are Invesco Developing Markets Fund, Government Pension Fund – Global, and Vanguard Total International Stoc. Invesco Developing Markets Fund owns 24.0 million shares of the company’s stock, all valued at over $1.02 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 $241.33 million and representing 1.38% of the shares outstanding. Vanguard Total International Stoc now owns shares totaling to 1.33% of the shares outstanding.
However, the script later moved the day high at 36.26, up 4.38%. The company’s stock has a 5-day price change of -0.47% and -30.15% over the past three months. YUMC shares are trading -15.25% year to date (YTD), with the 12-month market performance down to -39.15% lower. It has a 12-month low price of $33.55 and touched a high of $64.70 over the same period. YUMC has an average intraday trading volume of 3.21 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 -8.89%, -13.31%, and -32.20% respectively.
Institutional ownership of Yum China Holdings Inc (NYSE: YUMC) shares accounts for 83.75% of the company’s 419.00M shares outstanding. Mutual fund holders own 33.03%, while other institutional holders and individual stakeholders account for 49.93% and 3.26% respectively.
It has a market capitalization of $14.63B and a beta (3y monthly) value of 0.42. The stock’s trailing 12-month PE ratio is 19.37, while the earnings-per-share (ttm) stands at $1.86. The company has a PEG of 0.57 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 2.55% over the week and 2.45% 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 82.86%, and 12.20% 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.
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.
