Maridea Wealth Management LLC bought a new position in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,146 shares of the company's stock, valued at approximately $392,000.
Several other large investors have also recently bought and sold shares of the stock. 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 purchasing an additional 2,609,494 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 acquiring an additional 76,406 shares during the last quarter. Cerity Partners LLC lifted its stake in Yum China by 10.0% in the third quarter. Cerity Partners LLC now owns 60,400 shares of the company's stock valued at $2,719,000 after acquiring an additional 5,500 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Yum China during the 3rd quarter worth about $258,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Yum China by 28.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,745 shares of the company's stock valued at $304,000 after purchasing an additional 1,500 shares during the period. 85.58% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com cut Yum China from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Check Out Our Latest Research Report on Yum China
Insider Buying and Selling
In other Yum China news, CTO Leila Zhang sold 4,000 shares of Yum China stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $202,360.00. Following the completion of the sale, the chief technology officer now owns 52,075 shares in the company, valued at $2,634,474.25. The trade was a 7.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joey Wat sold 37,252 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $49.71, for a total transaction of $1,851,796.92. Following the transaction, the chief executive officer now owns 382,657 shares in the company, valued at approximately $19,021,879.47. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,152 shares of company stock valued at $2,242,176. Insiders own 0.30% of the company's stock.
Yum China Stock Performance
YUMC stock traded down $1.35 during midday trading on Thursday, reaching $51.93. 2,128,404 shares of the company were exchanged, compared to its average volume of 2,806,318. The firm has a market capitalization of $19.53 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 1.72 and a beta of 0.32. The business has a 50-day moving average price of $49.18 and a two-hundred day moving average price of $47.03. Yum China Holdings, Inc. has a one year low of $28.50 and a one year high of $53.99. 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 announced its quarterly 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 net margin of 8.06% and a return on equity of 13.83%. Equities research analysts forecast that Yum China Holdings, Inc. will post 2.54 EPS for the current year.
Yum China Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.85%. This is a positive change from Yum China's previous quarterly dividend of $0.16. Yum China's dividend payout ratio (DPR) is 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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