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 Friday. Traders bought 3,434 call options on the company. This represents an increase of 934% compared to the typical volume of 332 call options.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in Yum China 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 acquiring an additional 6,087,048 shares during the last quarter. Comerica Securities Inc. bought a new position in Yum China in the second quarter valued at approximately $251,000. Vanguard Group Inc. increased its stake in Yum China by 9.2% in the second quarter. Vanguard Group Inc. now owns 3,553,947 shares of the company’s stock valued at $140,133,000 after acquiring an additional 300,116 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Yum China 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 acquiring an additional 1,020,928 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in Yum China in the second quarter valued at approximately $267,000. 80.07% of the stock is currently owned by institutional investors.

Yum China (YUMC) opened at $45.97 on Monday. Yum China has a fifty-two week low of $25.53 and a fifty-two week high of $47.82. The company has a market cap of $17,665.12, a P/E ratio of 31.27, a PEG ratio of 2.48 and a beta of -1.98. The company has a current ratio of 1.69, a quick ratio of 1.42 and a debt-to-equity ratio of 0.01.

Several equities research analysts recently issued reports on the stock. Oppenheimer reiterated a “buy” rating and issued a $43.00 target price on shares of Yum China in a research note on Friday, September 29th. Zacks Investment Research downgraded shares of Yum China from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. CIBC reiterated an “outperform” rating and issued a $45.00 target price (up from $43.00) on shares of Yum China in a research note on Friday, October 6th. Deutsche Bank upgraded shares of Yum China from a “hold” rating to a “buy” rating and set a $45.30 price objective for the company in a research report on Friday, October 6th. Finally, Bank of America restated a “neutral” rating and set a $45.10 price objective (up from $41.60) on shares of Yum China in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $44.28.

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About Yum China

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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