Assetmark Inc. Raises Stake in Yum China Holdings, Inc. (NYSE:YUMC)

Assetmark Inc. increased its position in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 53.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 175,944 shares of the company's stock after purchasing an additional 61,316 shares during the period. Assetmark Inc.'s holdings in Yum China were worth $8,475,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Yum China by 32.2% in the fourth quarter. Principal Financial Group Inc. now owns 10,397,321 shares of the company's stock worth $500,841,000 after purchasing an additional 2,531,518 shares during the period. Waverton Investment Management Ltd increased its stake in Yum China by 350.7% in the 3rd quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company's stock worth $189,202,000 after buying an additional 3,270,560 shares during the period. Bank of New York Mellon Corp lifted its holdings in Yum China by 399.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,727,549 shares of the company's stock valued at $179,556,000 after buying an additional 2,980,589 shares in the last quarter. FMR LLC boosted its position in Yum China by 4,176.5% in the 3rd quarter. FMR LLC now owns 3,588,977 shares of the company's stock valued at $161,576,000 after buying an additional 3,505,053 shares during the period. Finally, Temasek Holdings Private Ltd grew its stake in Yum China by 61.4% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,942,959 shares of the company's stock worth $132,492,000 after acquiring an additional 1,120,054 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

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

Insider Buying and Selling at Yum China

In related news, insider Jeff Kuai sold 3,900 shares of the company's stock in a transaction dated Monday, February 17th. The stock was sold at an average price of $48.21, for a total transaction of $188,019.00. Following the transaction, the insider now directly owns 56,602 shares of the company's stock, valued at $2,728,782.42. This represents a 6.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joey Wat sold 37,252 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 382,657 shares of the company's stock, valued at approximately $19,021,879.47. This represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Yum China Stock Up 0.8 %

Shares of YUMC stock traded up $0.42 on Friday, hitting $49.72. The stock had a trading volume of 2,355,274 shares, compared to its average volume of 2,813,133. Yum China Holdings, Inc. has a one year low of $28.50 and a one year high of $52.00. The business has a 50 day moving average price of $46.67 and a 200 day moving average price of $44.68. The company has a market cap of $18.88 billion, a PE ratio of 21.34, a P/E/G ratio of 1.72 and a beta of 0.33. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.30 earnings per share 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%. Research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.24 per share. This is a boost from Yum China's previous quarterly dividend of $0.16. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 6th. Yum China's dividend 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.