Synovus Financial Corp Has $816,000 Stake in Yum China Holdings, Inc. (NYSE:YUMC)

Synovus Financial Corp decreased its stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 77.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,114 shares of the company's stock after selling 61,721 shares during the quarter. Synovus Financial Corp's holdings in Yum China were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of YUMC. Wilmington Savings Fund Society FSB purchased a new position in Yum China during the 3rd quarter worth approximately $229,000. World Investment Advisors LLC purchased a new position in shares of Yum China during the third quarter valued at $868,000. Bard Financial Services Inc. acquired a new position in Yum China during the third quarter valued at $459,000. Toronto Dominion Bank lifted its stake in Yum China by 26.0% in the 3rd quarter. Toronto Dominion Bank now owns 39,316 shares of the company's stock worth $1,770,000 after acquiring an additional 8,109 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in Yum China during the 3rd quarter worth about $203,000. Hedge funds and other institutional investors own 85.58% of the company's stock.

Yum China Stock Up 1.7 %

Shares of Yum China stock traded up $0.85 during midday trading on Tuesday, reaching $49.68. 2,294,812 shares of the company's stock traded hands, compared to its average volume of 3,152,422. The company has a market cap of $18.87 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 1.76 and a beta of 0.36. Yum China Holdings, Inc. has a 52 week low of $28.50 and a 52 week high of $52.00. The company's 50 day simple moving average is $46.87 and its 200 day simple moving average is $38.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.29.

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 for the quarter, topping analysts' consensus estimates of $0.68 by $0.09. The company had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.03 billion. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Equities analysts expect that Yum China Holdings, Inc. will post 2.33 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.64 annualized dividend and a yield of 1.29%. Yum China's dividend payout ratio (DPR) is presently 28.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on YUMC shares. Citigroup upgraded shares of Yum China to a "strong-buy" rating in a research report on Monday, September 30th. JPMorgan Chase & Co. upgraded Yum China from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. Finally, StockNews.com downgraded Yum China from a "buy" rating to a "hold" rating in a research note on Friday. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Yum China currently has an average rating of "Buy" and a consensus target price of $51.68.

Insider Activity

In related news, insider Duoduo (Howard) Huang sold 6,377 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 16,641 shares of the company's stock, valued at approximately $789,948.27. The trade was a 27.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company's stock.

Yum China 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.