Bank of Montreal Can Sells 218,664 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Bank of Montreal Can decreased its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 47.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,541 shares of the company's stock after selling 218,664 shares during the quarter. Bank of Montreal Can owned about 0.06% of Yum China worth $10,818,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA grew its holdings in Yum China by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 11,967,353 shares of the company's stock valued at $369,073,000 after purchasing an additional 121,617 shares during the period. Principal Financial Group Inc. grew its holdings in Yum China by 49.6% during the third quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company's stock valued at $356,206,000 after purchasing an additional 2,609,494 shares during the period. Mondrian Investment Partners LTD grew its holdings in Yum China by 56.3% during the second quarter. Mondrian Investment Partners LTD now owns 4,394,628 shares of the company's stock valued at $133,203,000 after purchasing an additional 1,582,859 shares during the period. Waverton Investment Management Ltd grew its holdings in Yum China by 350.7% during the third quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company's stock valued at $189,202,000 after purchasing an additional 3,270,560 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Yum China by 0.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,552,629 shares of the company's stock valued at $159,939,000 after purchasing an additional 11,535 shares during the period. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Stock Performance

NYSE YUMC traded down $0.03 on Monday, hitting $46.52. 481,131 shares of the stock were exchanged, compared to its average volume of 3,179,804. 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 business's fifty day moving average is $46.08 and its 200 day moving average is $37.78. Yum China Holdings, Inc. has a 52 week low of $28.50 and a 52 week high of $52.00. The company has a market capitalization of $17.67 billion, a PE ratio of 20.60, a P/E/G ratio of 1.65 and a beta of 0.36.

Yum China (NYSE:YUMC - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.09. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the firm posted $0.59 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that Yum China Holdings, Inc. will post 2.33 EPS for the current fiscal year.

Yum China Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.64 annualized dividend and a dividend yield of 1.38%. Yum China's dividend payout ratio is currently 28.32%.

Insider Buying and Selling at Yum China

In other Yum China news, insider Duoduo (Howard) Huang sold 6,377 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $47.47, for a total value of $302,716.19. Following the transaction, the insider now directly owns 16,641 shares in the company, valued at $789,948.27. The trade was a 27.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.30% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Yum China from a "neutral" rating to an "overweight" rating and upped their price target for the company from $35.50 to $60.00 in a report on Tuesday, November 5th. Citigroup raised shares of Yum China to a "strong-buy" rating in a research report on Monday, September 30th. Macquarie raised shares of Yum China from an "underperform" rating to an "outperform" rating and boosted their price objective for the stock from $30.00 to $37.40 in a research report on Tuesday, August 6th. Finally, StockNews.com raised shares of Yum China from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $51.68.

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.