Summit Trail Advisors LLC bought a new stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,795 shares of the company's stock, valued at approximately $616,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC increased its position in shares of Yum China by 43.9% in the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company's stock valued at $38,000 after acquiring an additional 258 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Yum China by 1.3% in the third quarter. D.A. Davidson & CO. now owns 23,692 shares of the company's stock valued at $1,067,000 after acquiring an additional 304 shares during the last quarter. Hanson & Doremus Investment Management grew its holdings in Yum China by 0.5% during the fourth quarter. Hanson & Doremus Investment Management now owns 57,104 shares of the company's stock worth $2,751,000 after purchasing an additional 307 shares during the period. First Citizens Bank & Trust Co. grew its holdings in Yum China by 2.2% during the fourth quarter. First Citizens Bank & Trust Co. now owns 14,054 shares of the company's stock worth $677,000 after purchasing an additional 309 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Yum China by 2.6% during the third quarter. Advisors Asset Management Inc. now owns 12,659 shares of the company's stock worth $570,000 after purchasing an additional 323 shares during the period. Institutional investors and hedge funds own 85.58% of the company's stock.
Insider Transactions at Yum China
In other news, insider Duoduo (Howard) Huang sold 6,377 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $47.47, for a total transaction of $302,716.19. Following the completion of the sale, the insider now owns 16,641 shares in the company, valued at $789,948.27. The trade was a 27.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.30% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. StockNews.com cut Yum China from a "buy" rating to a "hold" rating in a report on Sunday, February 9th. JPMorgan Chase & Co. upgraded Yum China from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Yum China currently has a consensus rating of "Buy" and an average target price of $49.57.
Get Our Latest Stock Report on Yum China
Yum China Price Performance
YUMC traded up $0.81 during trading on Friday, hitting $49.13. 3,397,327 shares of the stock traded hands, compared to its average volume of 2,009,961. Yum China Holdings, Inc. has a twelve month low of $28.50 and a twelve month high of $52.00. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.50 and a beta of 0.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.15. The business has a 50 day moving average price of $46.91 and a 200 day moving average price of $43.08.
Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.30 earnings per share (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%. Equities research analysts forecast that Yum China Holdings, Inc. will post 2.55 earnings per share 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. Shareholders of record on Thursday, March 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.95%. This is a boost from Yum China's previous quarterly dividend of $0.16. Yum China's dividend payout ratio is 27.47%.
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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