Traders Buy Large Volume of Call Options on Yum China (NYSE:YUMC)
Yum China Holdings Inc (NYSE:YUMC) saw unusually large options trading activity on Tuesday. Stock investors acquired 4,518 call options on the company. This is an increase of 1,421% compared to the average daily volume of 297 call options.
A number of brokerages have recently weighed in on YUMC. Zacks Investment Research raised shares of Yum China from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Saturday, September 14th. ValuEngine lowered shares of Yum China from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Yum China in a research note on Monday, October 28th. They set a “buy” rating and a $54.60 target price for the company. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $51.64.
YUMC stock opened at $42.66 on Thursday. Yum China has a 12 month low of $31.35 and a 12 month high of $48.36. The firm has a market cap of $16.02 billion, a PE ratio of 27.88, a P/E/G ratio of 2.81 and a beta of 1.11. The firm has a 50 day simple moving average of $43.63 and a 200 day simple moving average of $43.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.37 and a quick ratio of 1.18.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, November 25th. Yum China’s dividend payout ratio is presently 31.37%.
In other news, insider Angela Ai sold 13,477 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $44.74, for a total value of $602,960.98. Following the completion of the sale, the insider now directly owns 28,445 shares of the company’s stock, valued at approximately $1,272,629.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.44% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Edge Wealth Management LLC acquired a new stake in shares of Yum China during the third quarter valued at approximately $27,000. Griffin Asset Management Inc. acquired a new stake in shares of Yum China during the second quarter valued at approximately $32,000. Westside Investment Management Inc. acquired a new stake in shares of Yum China during the second quarter valued at approximately $34,000. Usca Ria LLC acquired a new stake in shares of Yum China during the third quarter valued at approximately $34,000. Finally, HM Payson & Co. acquired a new stake in shares of Yum China during the second quarter valued at approximately $37,000. 80.87% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Initial Coin Offerings entail a high degree of risk
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