Carrhae Capital LLP boosted its position in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 489,307 shares of the company's stock after buying an additional 19,007 shares during the quarter. Yum China makes up 2.0% of Carrhae Capital LLP's holdings, making the stock its 16th biggest position. Carrhae Capital LLP owned about 0.13% of Yum China worth $23,570,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Yum China by 49.6% during the 3rd quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company's stock worth $356,206,000 after buying an additional 2,609,494 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Yum China by 24.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 69,004 shares of the company's stock worth $3,237,000 after acquiring an additional 13,504 shares in the last quarter. Advisors Asset Management Inc. raised its position in Yum China by 2.6% during the third quarter. Advisors Asset Management Inc. now owns 12,659 shares of the company's stock worth $570,000 after acquiring an additional 323 shares during the period. Moors & Cabot Inc. purchased a new position in Yum China during the third quarter valued at $228,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Yum China by 8.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 975,425 shares of the company's stock valued at $45,523,000 after purchasing an additional 76,406 shares during the period. Hedge funds and other institutional investors 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
Insider Activity
In other Yum China news, CEO Joey Wat sold 37,252 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $49.71, for a total value of $1,851,796.92. Following the transaction, the chief executive officer now directly owns 382,657 shares in the company, valued at $19,021,879.47. The trade was a 8.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Leila Zhang sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was 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 $2,634,474.25. This represents a 7.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,152 shares of company stock worth $2,242,176 over the last ninety days. Corporate insiders own 0.30% of the company's stock.
Yum China Price Performance
YUMC stock traded down $1.29 during midday trading on Friday, reaching $51.89. The stock had a trading volume of 1,755,276 shares, compared to its average volume of 2,806,097. Yum China Holdings, Inc. has a 52-week low of $28.50 and a 52-week 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 company's fifty day simple moving average is $48.71 and its 200 day simple moving average is $46.64. The company has a market cap of $19.52 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.72 and a beta of 0.35.
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 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, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued 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 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, March 6th. Yum China's payout ratio is currently 41.20%.
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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