Alliancebernstein L.P. Sells 343,556 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Alliancebernstein L.P. reduced its stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,197,784 shares of the company's stock after selling 343,556 shares during the quarter. Alliancebernstein L.P. owned about 1.37% of Yum China worth $250,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. William Blair Investment Management LLC bought a new stake in Yum China in the fourth quarter valued at approximately $243,901,000. Mawer Investment Management Ltd. bought a new stake in Yum China during the 4th quarter valued at $203,179,000. Norges Bank purchased a new stake in Yum China during the 4th quarter valued at $199,722,000. FMR LLC grew its holdings in Yum China by 4,176.5% in the 3rd quarter. FMR LLC now owns 3,588,977 shares of the company's stock worth $161,576,000 after acquiring an additional 3,505,053 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Yum China by 399.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,727,549 shares of the company's stock valued at $179,556,000 after acquiring an additional 2,980,589 shares during the period. 85.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Yum China from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

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Insider Buying and Selling at Yum China

In other Yum China news, CTO Leila Zhang sold 4,000 shares of Yum China stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $202,360.00. Following the transaction, the chief technology officer now owns 52,075 shares of the company's stock, valued at $2,634,474.25. The trade was a 7.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeff Kuai sold 3,900 shares of Yum China stock in a transaction on Monday, February 17th. The shares were sold at an average price of $48.21, for a total transaction of $188,019.00. Following the transaction, the insider now owns 56,602 shares in the company, valued at approximately $2,728,782.42. This trade represents a 6.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,152 shares of company stock valued at $2,242,176. Company insiders own 0.30% of the company's stock.

Yum China Stock Down 1.3 %

Shares of Yum China stock traded down $0.70 on Thursday, reaching $52.59. The company's stock had a trading volume of 4,415,725 shares, compared to its average volume of 2,814,985. Yum China Holdings, Inc. has a 52 week low of $28.50 and a 52 week high of $53.99. The firm's fifty day simple moving average is $49.18 and its two-hundred day simple moving average is $47.03. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $19.78 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 1.72 and a beta of 0.32.

Yum China (NYSE:YUMC - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). Yum China had a return on equity of 13.83% and a net margin of 8.06%. Equities analysts anticipate that Yum China Holdings, Inc. will post 2.54 earnings per share for the current year.

Yum China Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Yum China's previous quarterly dividend of $0.16. This represents a $0.96 annualized dividend and a yield of 1.83%. Yum China's payout ratio is 41.20%.

Yum China Profile

Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.