Mirae Asset Global Investments Co. Ltd. Sells 71,641 Shares of Yum China $YUMC

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Yum China (NYSE:YUMC) by 46.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,698 shares of the company’s stock after selling 71,641 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Yum China were worth $3,549,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC acquired a new stake in shares of Yum China in the third quarter valued at approximately $28,000. Bell Investment Advisors Inc increased its stake in Yum China by 95.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 665 shares of the company’s stock worth $30,000 after acquiring an additional 325 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Yum China in the 2nd quarter valued at $45,000. Hantz Financial Services Inc. raised its holdings in Yum China by 76.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,070 shares of the company’s stock valued at $48,000 after acquiring an additional 463 shares in the last quarter. Finally, Caldwell Trust Co bought a new stake in shares of Yum China during the 2nd quarter valued at $56,000. Institutional investors own 85.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on YUMC shares. CLSA restated an “outperform” rating and issued a $55.00 price target on shares of Yum China in a research report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Yum China in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Yum China Price Performance

Shares of YUMC stock opened at $50.57 on Tuesday. The business has a fifty day simple moving average of $48.12 and a 200 day simple moving average of $46.00. The company has a market cap of $18.28 billion, a P/E ratio of 20.98, a P/E/G ratio of 1.59 and a beta of 0.13. The company has a quick ratio of 1.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.01. Yum China has a twelve month low of $41.00 and a twelve month high of $53.99.

Yum China (NYSE:YUMC) last released its earnings results on Tuesday, November 4th. The company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Yum China had a return on equity of 14.08% and a net margin of 7.81%.The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. On average, sell-side analysts forecast that Yum China will post 2.54 EPS for the current fiscal year.

Yum China announced that its Board of Directors has approved a share buyback plan on Friday, December 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 5.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity

In related news, insider Jeff Kuai sold 5,167 shares of Yum China stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $48.00, for a total transaction of $248,016.00. Following the sale, the insider directly owned 56,602 shares of the company’s stock, valued at approximately $2,716,896. The trade was a 8.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Warton Wang sold 8,187 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $48.28, for a total transaction of $395,268.36. Following the completion of the transaction, the insider directly owned 46,847 shares of the company’s stock, valued at approximately $2,261,773.16. The trade was a 14.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 18,242 shares of company stock worth $878,397. Corporate insiders own 0.40% of the company’s stock.

Yum China Company Profile

Yum China Holdings, Inc operates as the largest quick-service restaurant company in China, through its ownership and franchising of brands such as KFC, Pizza Hut and Taco Bell. The company’s core business encompasses full-service and fast?casual dining, takeout and delivery channels, as well as ancillary services including loyalty programs and digital ordering platforms. Yum China’s restaurants offer a diverse menu that adapts global brand concepts to local consumer preferences, featuring items such as soy?marinated chicken, customized pizzas and region?inspired side dishes.

In addition to its signature brands, Yum China has expanded its portfolio to include innovative concepts tailored to evolving market trends, such as plant?based offerings, self?service kiosks and mobile app integrations.