Verition Fund Management LLC decreased its position in Yum China (NYSE:YUMC) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,247 shares of the company’s stock after selling 5,467 shares during the period. Verition Fund Management LLC’s holdings in Yum China were worth $1,531,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Truewealth LLC acquired a new position in shares of Yum China in the fourth quarter valued at approximately $129,000. Burney Co. purchased a new position in shares of Yum China in the fourth quarter valued at $202,000. Dimensional Fund Advisors LP purchased a new position in shares of Yum China in the second quarter valued at $267,000. Circle Wealth Management LLC boosted its stake in shares of Yum China by 26.9% in the fourth quarter. Circle Wealth Management LLC now owns 7,082 shares of the company’s stock valued at $283,000 after purchasing an additional 1,500 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its stake in shares of Yum China by 1,092.3% in the fourth quarter. Meadow Creek Investment Management LLC now owns 9,920 shares of the company’s stock valued at $397,000 after purchasing an additional 9,088 shares during the period. 79.88% of the stock is currently owned by institutional investors and hedge funds.
YUMC traded down $1.45 during midday trading on Friday, hitting $38.55. 4,377,691 shares of the company’s stock traded hands, compared to its average volume of 2,313,428. Yum China has a one year low of $30.67 and a one year high of $48.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 1.77. The firm has a market cap of $15,429.88, a PE ratio of 27.15, a PEG ratio of 2.09 and a beta of 1.38.
Yum China (NYSE:YUMC) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.15 billion. Yum China had a return on equity of 20.59% and a net margin of 5.64%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share. sell-side analysts anticipate that Yum China will post 1.59 earnings per share for the current fiscal year.
The business also recently disclosed a Not Available dividend, which was paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. Yum China’s payout ratio is 14.08%.
In related news, Director Jonathan S. Linen acquired 4,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $39.76 per share, with a total value of $159,040.00. Following the completion of the acquisition, the director now owns 41,236 shares in the company, valued at $1,639,543.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Danny Tan sold 3,610 shares of Yum China stock in a transaction on Monday, February 26th. The shares were sold at an average price of $44.50, for a total value of $160,645.00. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
Several research firms recently issued reports on YUMC. Zacks Investment Research cut shares of Yum China from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Macquarie assumed coverage on shares of Yum China in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $55.00 price target for the company. Finally, Morgan Stanley lowered their price target on shares of Yum China from $49.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, March 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $44.51.
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Yum China Company Profile
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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