ARGA Investment Management LP cut its position in shares of Yum China Holdings Inc (NYSE:YUMC) by 76.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,072 shares of the company’s stock after selling 156,485 shares during the period. ARGA Investment Management LP’s holdings in Yum China were worth $1,964,000 as of its most recent SEC filing.
Separately, Goelzer Investment Management Inc. bought a new position in Yum China during the third quarter valued at approximately $201,000. 80.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Yum China Holdings Inc (NYSE:YUMC) opened at $40.39 on Wednesday. Yum China Holdings Inc has a 52-week low of $25.53 and a 52-week high of $48.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.42 and a current ratio of 1.69. The stock has a market capitalization of $15,620.00 and a P/E ratio of 28.24.
Yum China (NYSE:YUMC) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Yum China had a return on equity of 21.06% and a net margin of 5.64%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the business posted $0.17 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. equities research analysts predict that Yum China Holdings Inc will post 1.6 EPS for the current year.
The business also recently disclosed a Not Available dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 27th. This represents a yield of 0.00248200546041201%. Yum China’s dividend payout ratio (DPR) is presently 6.99%.
In other news, insider Riu Sun sold 10,054 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $40.15, for a total value of $403,668.10. Following the sale, the insider now directly owns 17,622 shares in the company, valued at $707,523.30. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jonathan S. Linen purchased 4,000 shares of Yum China stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of $39.76 per share, for a total transaction of $159,040.00. Following the completion of the acquisition, the director now owns 41,236 shares of the company’s stock, valued at approximately $1,639,543.36. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company’s stock.
YUMC has been the subject of a number of research reports. Zacks Investment Research raised Yum China from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Macquarie initiated coverage on Yum China in a research note on Wednesday, January 3rd. They set an “outperform” rating and a $55.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $44.28.
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About Yum China
Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.
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