iA Global Asset Management Inc. Has $298,000 Position in Yum China Holdings, Inc. (NYSE:YUMC)

iA Global Asset Management Inc. cut its holdings in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 88.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,622 shares of the company's stock after selling 49,355 shares during the quarter. iA Global Asset Management Inc.'s holdings in Yum China were worth $298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eagle Bay Advisors LLC raised its holdings in Yum China by 53.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company's stock worth $34,000 after buying an additional 380 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Yum China by 43.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 846 shares of the company's stock valued at $38,000 after acquiring an additional 258 shares in the last quarter. McClarren Financial Advisors Inc. boosted its stake in Yum China by 906.5% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company's stock worth $42,000 after purchasing an additional 834 shares during the period. National Bank of Canada FI grew its position in Yum China by 140.3% during the 2nd quarter. National Bank of Canada FI now owns 1,490 shares of the company's stock worth $45,000 after purchasing an additional 870 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in Yum China during the 2nd quarter valued at $52,000. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Stock Performance

Shares of YUMC stock traded up $0.39 during mid-day trading on Wednesday, reaching $49.46. The stock had a trading volume of 1,947,082 shares, compared to its average volume of 3,168,108. The firm has a market cap of $18.78 billion, a PE ratio of 21.71, a P/E/G ratio of 1.72 and a beta of 0.36. 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 Holdings, Inc. has a one year low of $28.50 and a one year high of $52.00. The firm's 50 day simple moving average is $46.93 and its 200 day simple moving average is $38.30.

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

Yum China Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.64 annualized dividend and a dividend yield of 1.29%. Yum China's dividend payout ratio is presently 28.32%.

Insider Buying and Selling

In other Yum China news, insider Duoduo (Howard) Huang sold 6,377 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $47.47, for a total value of $302,716.19. Following the transaction, the insider now owns 16,641 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

YUMC has been the topic of a number of research analyst reports. Citigroup raised shares of Yum China to a "strong-buy" rating in a research report on Monday, September 30th. StockNews.com raised shares of Yum China from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. raised Yum China from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $35.50 to $60.00 in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $51.68.

About Yum China

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.