Aberdeen Group plc significantly reduced its stake in Yum China by selling 83,590 shares, leaving them with 33,238 shares valued at $1.422 million. Meanwhile, Yum China reported strong fiscal results, beating EPS estimates, increasing its quarterly dividend, and authorizing a $1.0 billion share buyback. Institutional investors and hedge funds show high ownership, with analysts maintaining a “Moderate Buy” rating and an average price target of $59.05 for the company.
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Aberdeen Group plc Sells 83,590 Shares of Yum China $YUMC
Aberdeen Group plc significantly reduced its stake in Yum China by selling 83,590 shares, leaving them with 33,238 shares valued at $1.422 million. Meanwhile, Yum China reported strong fiscal results, beating EPS estimates, increasing its quarterly dividend, and authorizing a $1.0 billion share buyback. Institutional investors and hedge funds show high ownership, with analysts maintaining a “Moderate Buy” rating and an average price target of $59.05 for the company.