Skandinaviska Enskilda Banken AB publ Increases Position in Yum China Holdings, Inc. (NYSE:YUMC)

Skandinaviska Enskilda Banken AB publ increased its position in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,785 shares of the company's stock after buying an additional 5,600 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Yum China were worth $3,541,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in YUMC. Principal Financial Group Inc. raised its holdings in shares of Yum China by 32.2% in the 4th quarter. Principal Financial Group Inc. now owns 10,397,321 shares of the company's stock worth $500,841,000 after purchasing an additional 2,531,518 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Yum China by 399.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,727,549 shares of the company's stock worth $179,556,000 after purchasing an additional 2,980,589 shares during the period. FMR LLC raised its holdings 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 worth $161,576,000 after purchasing an additional 3,505,053 shares during the period. Temasek Holdings Private Ltd raised its holdings in shares of Yum China by 61.4% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,942,959 shares of the company's stock worth $132,492,000 after purchasing an additional 1,120,054 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Yum China by 21.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,510,386 shares of the company's stock worth $113,017,000 after purchasing an additional 441,252 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Activity

In other news, CTO Leila Zhang sold 4,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $202,360.00. Following the completion of the transaction, the chief technology officer now directly owns 52,075 shares in the company, valued at $2,634,474.25. The trade was a 7.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joey Wat sold 37,252 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were 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 of the company's stock, valued at $19,021,879.47. This trade represents a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,152 shares of company stock worth $2,242,176 in the last three months. Corporate insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

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

Yum China Stock Performance

Yum China stock traded down $1.04 during mid-day trading on Thursday, reaching $52.59. The company's stock had a trading volume of 1,614,071 shares, compared to its average volume of 2,762,400. Yum China Holdings, Inc. has a 12-month low of $28.50 and a 12-month high of $53.99. The company has a market capitalization of $19.78 billion, a P/E ratio of 22.57, a PEG ratio of 1.72 and a beta of 0.35. 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 firm's fifty day moving average price is $47.47 and its two-hundred day moving average price is $45.75.

Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.30 earnings per share 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%. Sell-side analysts predict that Yum China Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Yum China Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.24 per share. This is a positive change from Yum China's previous quarterly dividend of $0.16. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, March 6th. Yum China's payout ratio is 41.20%.

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.