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In a recent filing with the Securities and Exchange Commission, Wat Joey, the Chief Executive Officer of Yum China Holdings, Inc. (NYSE:YUMC), disclosed the sale of 37,252 shares of common stock. The shares were sold at an average price of $49.7065, generating total proceeds of approximately $1.85 million. The transactions occurred on March 5, 2025. The sale comes as YUMC trades near its 52-week high of $52, having gained nearly 50% over the past six months. According to InvestingPro analysis, the stock currently shows potential upside based on its Fair Value estimates.
Additionally, the filing detailed that Wat Joey acquired 80,197 shares through the exercise of stock appreciation rights at a conversion price of $26.56 per share. These transactions reflect the CEO’s ongoing management of his equity position in the company. InvestingPro subscribers have access to 8 additional key insights about YUMC’s management actions and financial health, which currently rates as "GOOD" in their comprehensive analysis.
Following these transactions, Wat Joey holds a total of 382,657 shares directly, with an additional 272,944 shares held indirectly through a controlled corporation and trust. Yum China Holdings, Inc., headquartered in Plano, Texas, operates numerous restaurant brands across China, including KFC and Pizza Hut. The company, with a market capitalization of $19 billion, maintains a steady 1.91% dividend yield and has consistently paid dividends for nine consecutive years. Discover more detailed insights in YUMC’s comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Yum China Holdings has disclosed its annual results for the year ending December 31, 2024, in compliance with Hong Kong Stock Exchange rules. The company’s detailed financial information is now accessible to investors, reflecting its commitment to transparency and corporate governance. Additionally, JPMorgan has adjusted its price target for Yum China, reducing it from $60 to $59, while maintaining an Overweight rating. The firm anticipates a 4% increase in sales and a 12% rise in earnings per share for the fourth quarter of 2024, despite a projected decrease in same-store sales growth.
Deutsche Bank (ETR:DBKGn) also revised its price target for Yum China to $54.30 from $57.00 but upheld a Buy rating, expressing confidence in the company’s profit margin trends. The bank cited recent menu price increases at KFC and effective cost control measures as positive factors. Furthermore, Yum China is set to report its fourth-quarter results on February 6, with investors keenly awaiting insights on sales growth trends and strategic initiatives.
In a broader market context, stocks with exposure to China, including Yum China, benefited from a policy shift by China’s leaders towards more accommodating monetary and fiscal strategies. This shift has bolstered investor sentiment, particularly for companies with significant business ties to China. The developments underscore the market’s responsiveness to economic policy changes and their potential impact on global businesses.
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