Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 234,563 shares of the company's stock after selling 9,993 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Yum China worth $11,299,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kentucky Trust Co bought a new position in shares of Yum China during the fourth quarter worth $29,000. Farther Finance Advisors LLC raised its stake 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 period. Prospera Private Wealth LLC purchased a new stake in shares of Yum China in the third quarter valued at $110,000. Independence Bank of Kentucky raised its stake in shares of Yum China by 1,374.5% in the fourth quarter. Independence Bank of Kentucky now owns 2,949 shares of the company's stock valued at $142,000 after acquiring an additional 2,749 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Yum China in the third quarter valued at $139,000. 85.58% of the stock is currently owned by institutional investors.

Yum China Stock Up 5.0 %

NYSE YUMC traded up $2.44 during trading on Friday, reaching $51.53. 3,496,614 shares of the company's stock traded hands, compared to its average volume of 2,782,903. The company's 50 day simple moving average is $46.92 and its two-hundred day simple moving average is $45.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.15. Yum China Holdings, Inc. has a 12-month low of $28.50 and a 12-month high of $52.00. The firm has a market cap of $19.38 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.72 and a beta of 0.35.

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Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Yum China had a net margin of 8.06% and a return on equity of 13.83%. As a group, sell-side analysts forecast that Yum China Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Yum China Increases Dividend

The business also recently disclosed 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 is a boost from Yum China's previous quarterly dividend of $0.16. This represents a $0.96 dividend on an annualized basis and a yield of 1.86%. Yum China's dividend payout ratio is currently 41.20%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Yum China from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Insider Transactions at Yum China

In other news, CEO Joey Wat sold 37,252 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 of the company's stock, valued at approximately $19,021,879.47. This represents a 8.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief technology officer now directly 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 disclosure for this sale can be found here. Insiders sold 45,152 shares of company stock valued at $2,242,176 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

About Yum China

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.