Public Employees Retirement System of Ohio Buys Shares of 661,297 Yum China Holdings, Inc. (NYSE:YUMC)

Public Employees Retirement System of Ohio bought a new stake in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 661,297 shares of the company's stock, valued at approximately $29,828,000. Public Employees Retirement System of Ohio owned 0.17% of Yum China as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake in shares of Yum China by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 11,967,353 shares of the company's stock valued at $369,073,000 after acquiring an additional 121,617 shares in the last quarter. Principal Financial Group Inc. grew its stake in Yum China by 49.6% during the 3rd quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company's stock valued at $356,206,000 after purchasing an additional 2,609,494 shares in the last quarter. Mondrian Investment Partners LTD increased its holdings in Yum China by 56.3% during the 2nd quarter. Mondrian Investment Partners LTD now owns 4,394,628 shares of the company's stock worth $133,203,000 after purchasing an additional 1,582,859 shares during the last quarter. Waverton Investment Management Ltd raised its position in shares of Yum China by 350.7% in the 3rd quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company's stock valued at $189,202,000 after purchasing an additional 3,270,560 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Yum China by 4,176.5% during 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 last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Yum China

In related news, insider Duoduo (Howard) Huang sold 6,377 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $47.47, for a total value of $302,716.19. Following the sale, the insider now owns 16,641 shares of the company's stock, valued at $789,948.27. This trade represents a 27.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company's stock.

Yum China Stock Performance

Yum China stock traded down $1.93 during mid-day trading on Tuesday, reaching $49.07. The company's stock had a trading volume of 1,947,321 shares, compared to its average volume of 3,173,238. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a twelve month low of $28.50 and a twelve month high of $52.00. The business has a 50 day moving average price of $46.93 and a 200-day moving average price of $38.30. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.72 and a beta of 0.36.

Yum China (NYSE:YUMC - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.68 by $0.09. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.03 billion. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. Sell-side analysts predict that Yum China Holdings, Inc. will post 2.33 EPS for the current fiscal year.

Yum China Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Tuesday, November 26th. Yum China's dividend payout ratio (DPR) is presently 28.32%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on YUMC. JPMorgan Chase & Co. raised shares of Yum China from a "neutral" rating to an "overweight" rating and upped their price target for the company from $35.50 to $60.00 in a report on Tuesday, November 5th. StockNews.com raised shares of Yum China from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Finally, Citigroup raised shares of Yum China to a "strong-buy" rating in a research report on Monday, September 30th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $51.68.

About Yum China

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.