Orion Portfolio Solutions LLC acquired a new position in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,844 shares of the company's stock, valued at approximately $533,000.
Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake 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 worth $38,000 after acquiring an additional 258 shares in the last quarter. McClarren Financial Advisors Inc. increased its stake in shares of 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 acquiring an additional 834 shares in the last quarter. Eagle Bay Advisors LLC increased its stake in shares of Yum China by 53.7% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company's stock worth $34,000 after acquiring an additional 380 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Yum China by 140.3% in the 2nd quarter. National Bank of Canada FI now owns 1,490 shares of the company's stock worth $45,000 after acquiring an additional 870 shares in the last quarter. Finally, Concord Wealth Partners increased its stake in shares of Yum China by 56.9% in the 3rd quarter. Concord Wealth Partners now owns 1,571 shares of the company's stock worth $71,000 after acquiring an additional 570 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors.
Insider Activity
In related news, insider Duoduo (Howard) Huang sold 6,377 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were 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. This trade represents a 27.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.30% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on YUMC. JPMorgan Chase & Co. upgraded shares of Yum China from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $35.50 to $60.00 in a research note on Tuesday, November 5th. StockNews.com lowered shares of Yum China from a "buy" rating to a "hold" rating in a research note on Friday, December 13th. Finally, Citigroup upgraded shares of Yum China to a "strong-buy" rating in a research note on Monday, September 30th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Yum China has a consensus rating of "Buy" and an average price target of $51.68.
Read Our Latest Stock Report on Yum China
Yum China Stock Down 2.0 %
YUMC stock traded down $0.97 during trading on Wednesday, hitting $48.71. 2,334,817 shares of the stock traded hands, compared to its average volume of 3,149,073. Yum China Holdings, Inc. has a 1 year low of $28.50 and a 1 year high of $52.00. The firm's 50 day moving average is $46.92 and its two-hundred day moving average is $38.79. The stock has a market cap of $18.50 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 1.76 and a beta of 0.36. 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 Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.09. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.03 billion. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 EPS. On average, sell-side analysts anticipate that Yum China Holdings, Inc. will post 2.33 EPS for the current year.
Yum China Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, November 26th. Yum China's payout ratio is presently 28.32%.
Yum China Company Profile
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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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