Cohen Klingenstein LLC Has $4.40 Million Stake in Yum China Holdings, Inc. (NYSE:YUMC)

Cohen Klingenstein LLC trimmed its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 91,399 shares of the company's stock after selling 7,200 shares during the quarter. Cohen Klingenstein LLC's holdings in Yum China were worth $4,403,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Yum China by 43.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 846 shares of the company's stock worth $38,000 after acquiring an additional 258 shares in the last quarter. McClarren Financial Advisors Inc. raised its stake in Yum China by 906.5% during the third quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company's stock valued at $42,000 after buying an additional 834 shares in the last quarter. Concord Wealth Partners lifted its holdings in Yum China by 56.9% during the 3rd quarter. Concord Wealth Partners now owns 1,571 shares of the company's stock worth $71,000 after buying an additional 570 shares during the last quarter. Eastern Bank acquired a new position in shares of Yum China in the 3rd quarter worth approximately $103,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Yum China during the 3rd quarter valued at approximately $110,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Stock Performance

Shares of NYSE YUMC traded up $1.43 during midday trading on Friday, reaching $44.64. 2,342,033 shares of the company traded hands, compared to its average volume of 1,820,115. 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 cap of $16.95 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.26 and a beta of 0.35. The stock has a 50-day moving average price of $47.21 and a 200 day moving average price of $40.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.15.

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

Yum China Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, November 26th. Yum China's dividend payout ratio is 28.32%.

Insider Activity at Yum China

In other Yum China news, insider Duoduo (Howard) Huang sold 6,377 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 16,641 shares in the company, valued at $789,948.27. This represents a 27.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on YUMC. StockNews.com raised shares of Yum China from a "hold" rating to a "buy" rating in a report on Saturday, December 21st. Citigroup upgraded Yum China to a "strong-buy" rating in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. raised shares of Yum China from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $49.57.

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.