Ninety One UK Ltd raised its position in Yum China (NYSE:YUMC – Free Report) by 17.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 442,523 shares of the company’s stock after buying an additional 67,333 shares during the period. Ninety One UK Ltd’s holdings in Yum China were worth $18,188,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Nykredit A S acquired a new position in shares of Yum China in the second quarter worth approximately $7,154,000. Teachers Retirement System of The State of Kentucky increased its position in Yum China by 42.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 752,360 shares of the company’s stock valued at $36,701,000 after purchasing an additional 224,060 shares during the period. BlackRock Inc. bought a new position in Yum China during the 2nd quarter worth approximately $18,090,000. Sapient Capital LLC bought a new position in Yum China during the 1st quarter worth approximately $8,453,000. Finally, Principal Financial Group Inc. lifted its position in shares of Yum China by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 22,606,740 shares of the company’s stock worth $1,111,135,000 after purchasing an additional 649,629 shares during the period. 85.58% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Yum China
In related news, insider Duoduo (Howard) Huang sold 24,096 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $47.08, for a total transaction of $1,134,439.68. Following the transaction, the insider directly owned 7,589 shares of the company’s stock, valued at $357,290.12. This represents a 76.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff Kuai sold 14,586 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $47.72, for a total transaction of $696,043.92. Following the completion of the sale, the insider owned 63,541 shares of the company’s stock, valued at $3,032,176.52. The trade was a 18.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.44% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on YUMC. Wall Street Zen lowered shares of Yum China from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $59.00 price objective on shares of Yum China in a research report on Thursday, July 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Yum China in a research note on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Yum China has a consensus rating of “Moderate Buy” and a consensus price target of $59.21.
View Our Latest Stock Analysis on Yum China
Yum China Trading Up 3.5%
Shares of YUMC stock opened at $44.72 on Friday. Yum China has a fifty-two week low of $39.72 and a fifty-two week high of $58.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.78 and a current ratio of 0.96. The stock has a 50 day simple moving average of $43.88 and a two-hundred day simple moving average of $44.83. The company has a market cap of $15.31 billion, a P/E ratio of 15.82, a PEG ratio of 1.14 and a beta of 0.07.
Yum China (NYSE:YUMC – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Yum China had a return on equity of 15.82% and a net margin of 7.84%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. Research analysts forecast that Yum China will post 2.95 earnings per share for the current year.
Yum China Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were paid a $0.29 dividend. The ex-dividend date was Thursday, August 27th. This represents a $1.16 annualized dividend and a dividend yield of 2.6%. Yum China’s payout ratio is currently 42.49%.
Yum China Profile
Yum China Holdings, Inc is a restaurant company that operates and franchises quick-service and casual-dining restaurants in China. Its portfolio includes KFC, Pizza Hut, Taco Bell, Lavasa, Huang Ji Huang, COFFii&JOY and East Dawning, offering products such as fried chicken, pizza, Mexican-inspired food, coffee and traditional Chinese cuisine.
KFC China and Pizza Hut China are the company’s principal brands, serving customers through restaurants, delivery and digital ordering channels.
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