Motley Fool Wealth Management LLC reduced its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 9.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,652 shares of the company's stock after selling 20,285 shares during the period. Motley Fool Wealth Management LLC's holdings in Yum China were worth $8,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Value Partners Investments Inc. increased its position in Yum China by 27.4% during the 3rd quarter. Value Partners Investments Inc. now owns 255,950 shares of the company's stock valued at $11,523,000 after buying an additional 55,000 shares in the last quarter. Waverton Investment Management Ltd increased its position in Yum China by 350.7% during the 3rd quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company's stock valued at $189,202,000 after buying an additional 3,270,560 shares in the last quarter. GSA Capital Partners LLP increased its position in Yum China by 100.2% during the 3rd quarter. GSA Capital Partners LLP now owns 35,760 shares of the company's stock valued at $1,610,000 after buying an additional 17,898 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Yum China by 171.7% in the second quarter. Thrivent Financial for Lutherans now owns 2,069,134 shares of the company's stock valued at $63,812,000 after purchasing an additional 1,307,574 shares during the period. Finally, Grove Bank & Trust boosted its stake in shares of Yum China by 64.3% in the third quarter. Grove Bank & Trust now owns 2,466 shares of the company's stock worth $111,000 after buying an additional 965 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Yum China news, insider Duoduo (Howard) Huang sold 6,377 shares of the firm's stock in a transaction 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 of the company's stock, valued at $789,948.27. This trade represents a 27.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by insiders.
Yum China Price Performance
Shares of NYSE:YUMC remained flat at $47.13 during midday trading on Wednesday. The company had a trading volume of 701,753 shares, compared to its average volume of 3,175,983. Yum China Holdings, Inc. has a 12-month low of $28.50 and a 12-month high of $52.00. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $17.90 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.65 and a beta of 0.36. The firm's fifty day moving average is $46.45 and its 200-day moving average is $37.89.
Yum China (NYSE:YUMC - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.68 by $0.09. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter last year, the firm earned $0.59 earnings per share. The business's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that Yum China Holdings, Inc. will post 2.33 EPS for the current year.
Yum China Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.64 annualized dividend and a yield of 1.36%. Yum China's dividend payout ratio (DPR) is 28.32%.
Analysts Set New Price Targets
A number of analysts have recently commented on YUMC shares. Macquarie upgraded Yum China from an "underperform" rating to an "outperform" rating and upped their target price for the stock from $30.00 to $37.40 in a research note on Tuesday, August 6th. Citigroup upgraded Yum China to a "strong-buy" rating in a research note on Monday, September 30th. StockNews.com upgraded Yum China from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. upgraded Yum China from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $35.50 to $60.00 in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Yum China has an average rating of "Buy" and a consensus price target of $51.68.
View Our Latest Research Report on YUMC
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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