Orion Portfolio Solutions LLC boosted its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 204.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,118 shares of the company's stock after buying an additional 24,274 shares during the period. Orion Portfolio Solutions LLC's holdings in Yum China were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. William Blair Investment Management LLC purchased a new position in Yum China during the fourth quarter worth approximately $243,901,000. Norges Bank purchased a new stake in shares of Yum China in the fourth quarter valued at about $199,722,000. FMR LLC grew its stake in shares of Yum China by 4,176.5% in the 3rd quarter. FMR LLC now owns 3,588,977 shares of the company's stock valued at $161,576,000 after buying an additional 3,505,053 shares during the period. Bank of New York Mellon Corp increased its stake in Yum China by 399.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,727,549 shares of the company's stock worth $179,556,000 after acquiring an additional 2,980,589 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Yum China by 49.6% in the 3rd quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company's stock valued at $356,206,000 after buying an additional 2,609,494 shares during the period. 85.58% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Yum China news, insider Jeff Kuai sold 3,900 shares of the stock in a transaction that occurred on Monday, February 17th. The shares were sold at an average price of $48.21, for a total value of $188,019.00. Following the completion of the sale, the insider now owns 56,602 shares of the company's stock, valued at $2,728,782.42. This trade represents a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joey Wat sold 37,252 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 382,657 shares in the company, 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 have sold a total of 45,152 shares of company stock valued at $2,242,176 in the last quarter. 0.30% of the stock is currently owned by company insiders.
Yum China Stock Performance
YUMC traded down $2.47 during trading on Monday, hitting $45.46. The stock had a trading volume of 5,701,509 shares, compared to its average volume of 2,859,564. Yum China Holdings, Inc. has a twelve month low of $28.50 and a twelve month high of $53.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.29. The company's 50-day moving average price is $49.38 and its 200 day moving average price is $47.40. The firm has a market capitalization of $17.10 billion, a P/E ratio of 19.51, a PEG ratio of 1.72 and a beta of 0.32.
Yum China (NYSE:YUMC - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.30 earnings per share (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%. On average, equities research analysts forecast 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 given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Thursday, March 6th. This is a positive change from Yum China's previous quarterly dividend of $0.16. Yum China's payout ratio is currently 41.20%.
Analyst Ratings Changes
Separately, StockNews.com lowered Yum China from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.
Check Out Our Latest Stock Report on Yum China
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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