Two Sigma Advisers LP reduced its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 34.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 801,350 shares of the company's stock after selling 418,800 shares during the period. Two Sigma Advisers LP owned about 0.21% of Yum China worth $36,077,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Temasek Holdings Private Ltd grew its holdings in Yum China by 61.4% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,942,959 shares of the company's stock worth $132,492,000 after acquiring an additional 1,120,054 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Yum China during the 3rd quarter worth $452,000. Integrated Wealth Concepts LLC acquired a new position in Yum China during the 3rd quarter worth $239,000. Janus Henderson Group PLC acquired a new position in Yum China during the 3rd quarter worth $2,177,000. Finally, Holocene Advisors LP acquired a new position in Yum China during the 3rd quarter worth $13,450,000. 85.58% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have recently commented on YUMC. JPMorgan Chase & Co. raised shares of Yum China from a "neutral" rating to an "overweight" rating and lifted 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 report on Friday, November 15th. Finally, Citigroup raised shares of Yum China to a "strong-buy" rating in a report on Monday, September 30th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $51.68.
Read Our Latest Stock Analysis on Yum China
Yum China Stock Performance
NYSE:YUMC traded up $0.53 during mid-day trading on Friday, hitting $48.53. The stock had a trading volume of 2,727,998 shares, compared to its average volume of 2,064,828. Yum China Holdings, Inc. has a 52 week low of $28.50 and a 52 week high of $52.00. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 1.72 and a beta of 0.36. The company has a 50 day simple moving average of $46.77 and a 200-day simple moving average of $38.09. 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 (NYSE:YUMC - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.09. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the firm earned $0.59 EPS. Yum China's revenue was up 5.4% on a year-over-year basis. On average, research analysts expect that Yum China Holdings, Inc. will post 2.33 earnings per share for the current fiscal year.
Yum China Announces Dividend
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 given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.32%. Yum China's dividend payout ratio (DPR) is 28.32%.
Insiders Place Their Bets
In other news, insider Duoduo (Howard) Huang sold 6,377 shares of Yum China stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $47.47, for a total value of $302,716.19. Following the transaction, the insider now owns 16,641 shares of the company's stock, valued at $789,948.27. The trade was a 27.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.30% of the stock is owned by insiders.
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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