
Stock Repurchase Program Initiated by Yum China (NYSE:YUMC) Board of Directors

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Yum China (NYSE:YUMC) announced a $1 billion stock repurchase program, authorizing the buyback of up to 5.8% of its shares. This move suggests the company's leadership believes its stock is undervalued. Yum China's stock rose 1.9% following the announcement. The company also declared a quarterly dividend of $0.24 per share, with a yield of 2.0%. Analysts have a consensus "Buy" rating with a price target of $55.00. Recent insider sales totaled 18,242 shares worth $878,397.
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