Legal & General Group Plc lowered its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 38.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,396,816 shares of the company's stock after selling 1,481,290 shares during the period. Legal & General Group Plc owned about 0.63% of Yum China worth $115,456,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of YUMC. Kentucky Trust Co purchased a new stake in shares of Yum China during the fourth quarter worth about $29,000. Graney & King LLC purchased a new position in shares of Yum China during the 4th quarter worth $39,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Yum China by 58.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 878 shares of the company's stock worth $42,000 after purchasing an additional 324 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Yum China in the fourth quarter valued at $48,000. Finally, Quadrant Capital Group LLC increased its stake in Yum China by 85.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,060 shares of the company's stock valued at $51,000 after purchasing an additional 489 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.
Yum China Stock Down 0.8 %
Shares of YUMC stock traded down $0.35 during mid-day trading on Wednesday, reaching $44.21. 1,182,428 shares of the company were exchanged, compared to its average volume of 2,913,833. The company has a market capitalization of $16.63 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.72 and a beta of 0.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.29. Yum China Holdings, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $53.99. The business's 50 day simple moving average is $49.14 and its 200 day simple moving average is $47.58.
Yum China (NYSE:YUMC - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). Yum China had a return on equity of 13.83% and a net margin of 8.06%. Research analysts predict that Yum China Holdings, Inc. will post 2.54 earnings per share for the current year.
Yum China Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Thursday, March 6th. This is an increase from Yum China's previous quarterly dividend of $0.16. Yum China's payout ratio is currently 41.20%.
Insider Buying and Selling at Yum China
In other news, CTO Leila Zhang sold 4,000 shares of the company'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 completion of the transaction, the chief technology officer now directly owns 52,075 shares of the company's stock, valued at approximately $2,634,474.25. This represents a 7.13 % 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 the SEC website. Also, CEO Joey Wat sold 37,252 shares of the business's stock in a transaction that occurred on 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 owns 382,657 shares of the company's stock, valued at $19,021,879.47. This represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,152 shares of company stock worth $2,242,176 over the last 90 days. Insiders own 0.30% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Yum China from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Daiwa America raised Yum China to a "strong-buy" rating in a research note on Wednesday, April 9th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Yum China currently has a consensus rating of "Buy" and a consensus target price of $48.70.
Read Our Latest Stock Analysis on YUMC
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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