Thrivent Financial for Lutherans reduced its position in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 30.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,735,632 shares of the company's stock after selling 774,754 shares during the quarter. Thrivent Financial for Lutherans owned 0.46% of Yum China worth $83,606,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of 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 acquiring an additional 2,609,494 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Yum China during the 3rd quarter valued at about $296,000. OneDigital Investment Advisors LLC boosted its holdings in shares of Yum China by 19.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,909 shares of the company's stock valued at $446,000 after acquiring an additional 1,642 shares during the last quarter. Claro Advisors LLC purchased a new stake in shares of Yum China during the 3rd quarter valued at about $331,000. Finally, LMR Partners LLP boosted its holdings in shares of Yum China by 238.7% during the 3rd quarter. LMR Partners LLP now owns 71,474 shares of the company's stock valued at $3,218,000 after acquiring an additional 50,374 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Yum China from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Check Out Our Latest Report on YUMC
Yum China Stock Performance
Shares of YUMC traded down $0.24 on Friday, reaching $52.29. The company's stock had a trading volume of 2,085,837 shares, compared to its average volume of 2,755,863. 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 stock has a market capitalization of $19.67 billion, a P/E ratio of 22.44, a PEG ratio of 1.72 and a beta of 0.35. The stock's 50 day simple moving average is $47.86 and its two-hundred day simple moving average is $46.01. Yum China Holdings, Inc. has a 12-month low of $28.50 and a 12-month high of $53.99.
Yum China (NYSE:YUMC - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). Yum China had a return on equity of 13.83% and a net margin of 8.06%. Research analysts forecast that Yum China Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.
Yum China Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.24 per share. This is a boost from Yum China's previous quarterly dividend of $0.16. The ex-dividend date is Thursday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.84%. Yum China's dividend payout ratio (DPR) is presently 41.20%.
Insiders Place Their Bets
In other Yum China news, CTO Leila Zhang sold 4,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief technology officer now owns 52,075 shares in the company, valued at approximately $2,634,474.25. This trade represents a 7.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joey Wat sold 37,252 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $49.71, for a total transaction of $1,851,796.92. Following the sale, the chief executive officer now owns 382,657 shares in the company, valued at approximately $19,021,879.47. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,152 shares of company stock worth $2,242,176. Company insiders own 0.30% of the company's stock.
Yum China 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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