Xact Kapitalforvaltning AB cut its holdings in Yum China Holdings Inc (NYSE:YUMC) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,603 shares of the company’s stock after selling 6,600 shares during the period. Xact Kapitalforvaltning AB’s holdings in Yum China were worth $1,952,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of YUMC. Guggenheim Capital LLC raised its stake in shares of Yum China by 5.9% during the first quarter. Guggenheim Capital LLC now owns 124,533 shares of the company’s stock valued at $5,167,000 after acquiring an additional 6,960 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Yum China by 2,519.5% during the first quarter. Allianz Asset Management GmbH now owns 435,438 shares of the company’s stock valued at $18,070,000 after acquiring an additional 418,815 shares during the last quarter. YHB Investment Advisors Inc. raised its stake in shares of Yum China by 5.3% during the second quarter. YHB Investment Advisors Inc. now owns 49,223 shares of the company’s stock valued at $1,893,000 after acquiring an additional 2,468 shares during the last quarter. New Silk Road Investment PTE Ltd. raised its stake in shares of Yum China by 137.3% during the second quarter. New Silk Road Investment PTE Ltd. now owns 1,339,905 shares of the company’s stock valued at $51,533,000 after acquiring an additional 775,300 shares during the last quarter. Finally, Capital Investment Advisors LLC bought a new position in shares of Yum China during the second quarter valued at about $140,000. 82.67% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on YUMC. Oppenheimer lowered their price objective on shares of Yum China from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 2nd. Zacks Investment Research downgraded shares of Yum China from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. Bank of America raised shares of Yum China from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $34.00 to $35.00 in a research note on Wednesday. Macquarie downgraded shares of Yum China from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 2nd. Finally, UBS Group downgraded shares of Yum China from an “outperform” rating to a “market perform” rating in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $42.75.
YUMC stock opened at $35.84 on Friday. Yum China Holdings Inc has a 1 year low of $30.10 and a 1 year high of $48.75. The stock has a market capitalization of $12.15 billion, a P/E ratio of 25.24, a P/E/G ratio of 1.47 and a beta of 1.11. The company has a quick ratio of 1.51, a current ratio of 1.74 and a debt-to-equity ratio of 0.01.
Yum China (NYSE:YUMC) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. Yum China had a net margin of 6.45% and a return on equity of 20.94%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. Yum China’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that Yum China Holdings Inc will post 1.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be paid a $0.12 dividend. This is an increase from Yum China’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Monday, November 26th. Yum China’s dividend payout ratio is presently 28.17%.
In related news, insider Angela Ai sold 4,529 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $38.25, for a total value of $173,234.25. Following the completion of the transaction, the insider now directly owns 9,000 shares of the company’s stock, valued at $344,250. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is owned by corporate insiders.
Yum China 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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