4,146,160 Shares in Yum China Holdings, Inc. (NYSE:YUMC) Bought by Norges Bank

Norges Bank acquired a new stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,146,160 shares of the company's stock, valued at approximately $199,722,000. Norges Bank owned about 1.09% of Yum China as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Kentucky Trust Co acquired a new position in shares of Yum China in the 4th quarter valued at $29,000. Graney & King LLC purchased a new position in Yum China during the fourth quarter worth about $39,000. EverSource Wealth Advisors LLC increased its position 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 valued at $42,000 after acquiring an additional 324 shares during the last quarter. Signaturefd LLC raised its stake in shares of Yum China by 32.7% in the 4th quarter. Signaturefd LLC now owns 1,825 shares of the company's stock valued at $88,000 after acquiring an additional 450 shares during the period. Finally, Independence Bank of Kentucky lifted its holdings in shares of Yum China by 1,374.5% in the 4th quarter. Independence Bank of Kentucky now owns 2,949 shares of the company's stock worth $142,000 after acquiring an additional 2,749 shares during the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Yum China Stock Down 1.4 %

NYSE YUMC traded down $0.74 on Thursday, hitting $52.54. 2,953,652 shares of the stock were exchanged, compared to its average volume of 2,562,314. Yum China Holdings, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $53.99. The company has a 50-day moving average price of $49.18 and a 200-day moving average price of $47.03. 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 $19.76 billion, a PE ratio of 22.55, a PEG ratio of 1.72 and a beta of 0.32.

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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 the consensus estimate of $0.31 by ($0.01). Yum China had a return on equity of 13.83% and a net margin of 8.06%. Sell-side analysts anticipate that Yum China Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Yum China Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a $0.24 dividend. This is an increase from Yum China's previous quarterly dividend of $0.16. This represents a $0.96 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Thursday, March 6th. Yum China's dividend payout ratio is presently 41.20%.

Insider Transactions at Yum China

In other Yum China news, CTO Leila Zhang sold 4,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was 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 of the company's stock, valued at approximately $2,634,474.25. This trade represents a 7.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff Kuai sold 3,900 shares of the company's stock in a transaction on Monday, February 17th. The stock was sold at an average price of $48.21, for a total transaction of $188,019.00. Following the transaction, the insider now directly owns 56,602 shares in the company, valued at approximately $2,728,782.42. This trade represents a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,152 shares of company stock worth $2,242,176. Insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Yum China from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Yum China Company 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.