Arrowstreet Capital Limited Partnership increased its position in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 117.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,751,662 shares of the company's stock after buying an additional 2,570,419 shares during the period. Arrowstreet Capital Limited Partnership owned 1.25% of Yum China worth $228,890,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atria Investments Inc lifted its position in shares of Yum China by 1.2% during the 4th quarter. Atria Investments Inc now owns 23,074 shares of the company's stock valued at $1,111,000 after buying an additional 273 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Yum China by 4.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,180 shares of the company's stock worth $298,000 after acquiring an additional 276 shares during the period. D.A. Davidson & CO. lifted its holdings in Yum China by 1.3% during the third quarter. D.A. Davidson & CO. now owns 23,692 shares of the company's stock valued at $1,067,000 after purchasing an additional 304 shares in the last quarter. Hanson & Doremus Investment Management grew its position in shares of Yum China by 0.5% in the fourth quarter. Hanson & Doremus Investment Management now owns 57,104 shares of the company's stock valued at $2,751,000 after purchasing an additional 307 shares during the period. Finally, First Citizens Bank & Trust Co. grew its position in shares of Yum China by 2.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 14,054 shares of the company's stock valued at $677,000 after purchasing an additional 309 shares during the period. Institutional investors and hedge funds own 85.58% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Yum China from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.
Get Our Latest Stock Analysis on Yum China
Yum China Price Performance
NYSE YUMC traded down $0.84 during mid-day trading on Thursday, hitting $52.44. The stock had a trading volume of 2,395,406 shares, compared to its average volume of 2,807,401. Yum China Holdings, Inc. has a twelve month low of $28.50 and a twelve month high of $53.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.15. The firm's 50 day moving average is $49.18 and its 200 day moving average is $47.03. The stock has a market capitalization of $19.72 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.72 and a beta of 0.32.
Yum China (NYSE:YUMC - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). Yum China had a return on equity of 13.83% and a net margin of 8.06%. Equities research analysts forecast that Yum China Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.
Yum China Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from Yum China's previous quarterly dividend of $0.16. Yum China's dividend payout ratio (DPR) is currently 41.20%.
Insider Buying and Selling
In other 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 sale, the chief technology officer now owns 52,075 shares of the company's stock, valued at approximately $2,634,474.25. The trade was a 7.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joey Wat sold 37,252 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $49.71, for a total value of $1,851,796.92. Following the completion of the transaction, the chief executive officer now owns 382,657 shares of the company's stock, valued at $19,021,879.47. The trade was a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,152 shares of company stock worth $2,242,176. 0.30% of the stock is owned by corporate insiders.
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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