Altman Advisors Inc. purchased a new stake in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 36,625 shares of the company's stock, valued at approximately $1,764,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its stake in shares of Yum China by 16.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 56,896 shares of the company's stock worth $2,794,000 after acquiring an additional 8,101 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in Yum China during the fourth quarter valued at $31,836,000. Merit Financial Group LLC bought a new stake in Yum China during the fourth quarter valued at about $322,000. Inspire Investing LLC purchased a new stake in Yum China in the fourth quarter worth about $809,000. Finally, US Bancorp DE lifted its position in shares of Yum China by 40.4% during the 4th quarter. US Bancorp DE now owns 31,821 shares of the company's stock valued at $1,533,000 after buying an additional 9,155 shares in the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Yum China
In related news, insider Jeff Kuai sold 3,900 shares of the business's stock in a transaction on Monday, February 17th. The shares were sold at an average price of $48.21, for a total value of $188,019.00. Following the sale, the insider now owns 56,602 shares in the company, valued at approximately $2,728,782.42. The trade was a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joey Wat sold 37,252 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $49.71, for a total transaction of $1,851,796.92. Following the sale, the chief executive officer now directly owns 382,657 shares in the company, valued at approximately $19,021,879.47. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,152 shares of company stock valued at $2,242,176. 0.30% of the stock is currently owned by insiders.
Yum China Price Performance
YUMC traded down $2.62 on Thursday, hitting $41.33. 6,305,054 shares of the company's stock traded hands, compared to its average volume of 2,956,930. Yum China Holdings, Inc. has a one year low of $28.50 and a one year high of $53.99. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 1.72 and a beta of 0.32. The company's 50 day simple moving average is $49.05 and its 200-day simple moving average is $47.56.
Yum China (NYSE:YUMC - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.30 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%. As a group, research analysts anticipate that Yum China Holdings, Inc. will post 2.54 EPS for the current year.
Yum China Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a dividend of $0.24 per share. This is a positive change from Yum China's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.32%. Yum China's dividend payout ratio (DPR) is presently 41.20%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on YUMC. StockNews.com cut shares of Yum China from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Daiwa America raised shares of Yum China to a "strong-buy" rating in a research note on Wednesday, April 9th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Yum China presently has a consensus rating of "Buy" and a consensus price target of $48.70.
Read Our Latest Stock Report on YUMC
About Yum China
(
Free Report)
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.
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