Cibc World Market Inc. Decreases Stock Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Cibc World Market Inc. cut its position in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 15.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,451 shares of the company's stock after selling 44,628 shares during the quarter. Cibc World Market Inc. owned about 0.07% of Yum China worth $12,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings 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 valued at $356,206,000 after purchasing an additional 2,609,494 shares during the last quarter. Waverton Investment Management Ltd grew its holdings in shares of Yum China by 350.7% during the 3rd 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 last quarter. FMR LLC grew its holdings in shares of Yum China by 4,176.5% during the 3rd quarter. FMR LLC now owns 3,588,977 shares of the company's stock valued at $161,576,000 after purchasing an additional 3,505,053 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Yum China by 0.3% during the 3rd 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 last quarter. Finally, Temasek Holdings Private Ltd grew its holdings in shares of Yum China by 61.4% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,942,959 shares of the company's stock valued at $132,492,000 after purchasing an additional 1,120,054 shares during the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Yum China

In other news, insider Duoduo (Howard) Huang sold 6,377 shares of the company's stock in a transaction dated 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 approximately $789,948.27. This represents a 27.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com raised shares of Yum China from a "hold" rating to a "buy" rating in a research report on Saturday. JPMorgan Chase & Co. upgraded shares of Yum China from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $35.50 to $60.00 in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $49.57.

Yum China Price Performance

NYSE:YUMC traded down $1.36 during trading hours on Friday, hitting $46.23. 1,778,622 shares of the stock traded hands, compared to its average volume of 1,919,030. Yum China Holdings, Inc. has a 1 year low of $28.50 and a 1 year high of $52.00. The stock has a 50 day moving average price of $46.82 and a 200 day moving average price of $41.86. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. The company has a market cap of $17.56 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.37 and a beta of 0.35.

Yum China (NYSE:YUMC - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.77 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 the consensus estimate of $3.03 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts forecast that Yum China Holdings, Inc. will post 2.31 EPS for the current fiscal year.

Yum China Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, November 26th. Yum China's payout ratio is 28.32%.

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.