Caxton Associates LP Has $2.96 Million Position in Yum China Holdings Inc (YUMC)
Caxton Associates LP boosted its position in Yum China Holdings Inc (NASDAQ:YUMC) by 266.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,000 shares of the company’s stock after acquiring an additional 54,525 shares during the quarter. Caxton Associates LP’s holdings in Yum China Holdings were worth $2,957,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of YUMC. BlackRock Inc. increased its stake in Yum China Holdings by 28.7% in the second quarter. BlackRock Inc. now owns 27,306,495 shares of the company’s stock valued at $1,076,695,000 after purchasing an additional 6,087,048 shares during the last quarter. Comerica Securities Inc. purchased a new position in Yum China Holdings in the second quarter valued at approximately $251,000. Ameriprise Financial Inc. increased its stake in Yum China Holdings by 40.9% in the second quarter. Ameriprise Financial Inc. now owns 3,514,169 shares of the company’s stock valued at $138,564,000 after purchasing an additional 1,020,928 shares during the last quarter. Commonwealth Bank of Australia increased its stake in Yum China Holdings by 17.7% in the second quarter. Commonwealth Bank of Australia now owns 29,956 shares of the company’s stock valued at $1,180,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Yum China Holdings by 10.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,865 shares of the company’s stock valued at $350,000 after purchasing an additional 845 shares during the last quarter.
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Shares of Yum China Holdings Inc (NASDAQ YUMC) traded up 5.59% during trading on Monday, hitting $43.10. 2,239,387 shares of the stock were exchanged. Yum China Holdings Inc has a one year low of $23.79 and a one year high of $43.25. The stock has a market cap of $16.56 billion and a PE ratio of 31.69. The stock’s 50 day moving average price is $38.91 and its 200 day moving average price is $38.91.
Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings results on Thursday, October 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04). The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. Equities research analysts predict that Yum China Holdings Inc will post $1.46 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, November 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 29th.
Yum China Holdings declared that its Board of Directors has approved a share buyback program on Thursday, October 5th that authorizes the company to buyback $550.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
In related news, insider Mark Chu sold 22,184 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $37.72, for a total transaction of $836,780.48. Following the sale, the insider now directly owns 23,457 shares of the company’s stock, valued at approximately $884,798.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Several brokerages have commented on YUMC. Morgan Stanley reiterated an “overweight” rating and issued a $45.00 price target on shares of Yum China Holdings in a research note on Monday. Nomura began coverage on shares of Yum China Holdings in a research note on Monday. They issued a “buy” rating and a $51.60 price target on the stock. Instinet began coverage on shares of Yum China Holdings in a research note on Monday. They issued a “buy” rating and a $40.82 price target on the stock. Zacks Investment Research upgraded shares of Yum China Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Oppenheimer Holdings, Inc. increased their price target on shares of Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $40.86.
About Yum China Holdings
Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.
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