Capital Insight Partners LLC lowered its stake in shares of Yum China Holdings Inc (NYSE:YUMC) by 0.9% in the third quarter, HoldingsChannel reports. The fund owned 29,478 shares of the company’s stock after selling 256 shares during the quarter. Capital Insight Partners LLC’s holdings in Yum China were worth $1,339,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Griffin Asset Management Inc. acquired a new stake in Yum China during the 2nd quarter worth approximately $32,000. Westside Investment Management Inc. acquired a new stake in Yum China during the 2nd quarter worth approximately $34,000. HM Payson & Co. acquired a new stake in Yum China during the 2nd quarter worth approximately $37,000. Doyle Wealth Management acquired a new stake in Yum China during the 2nd quarter worth approximately $39,000. Finally, Hanson & Doremus Investment Management acquired a new stake in Yum China during the 2nd quarter worth approximately $42,000. 80.59% of the stock is owned by institutional investors.
A number of analysts recently issued reports on YUMC shares. ValuEngine downgraded shares of Yum China from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of Yum China from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Saturday, September 14th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Yum China presently has a consensus rating of “Buy” and an average target price of $51.05.
In other Yum China news, insider Angela Ai sold 13,477 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $44.74, for a total value of $602,960.98. Following the completion of the transaction, the insider now owns 28,445 shares in the company, valued at approximately $1,272,629.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.44% of the stock is owned by corporate insiders.
YUMC traded up $0.36 on Wednesday, reaching $42.87. 30,556 shares of the company’s stock were exchanged, compared to its average volume of 2,426,499. The company’s 50 day moving average is $44.87 and its 200-day moving average is $43.99. The company has a market cap of $16.02 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 2.71 and a beta of 1.13. Yum China Holdings Inc has a twelve month low of $30.60 and a twelve month high of $48.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.12 and a current ratio of 1.31.
Yum China (NYSE:YUMC) last posted its earnings results on Tuesday, July 30th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.09. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.16 billion. Yum China had a net margin of 7.91% and a return on equity of 21.03%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. Sell-side analysts forecast that Yum China Holdings Inc will post 1.71 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Monday, August 26th. Yum China’s dividend payout ratio is presently 31.37%.
About Yum China
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, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
Recommended Story: What is Liquidity?
Want to see what other hedge funds are holding YUMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum China Holdings Inc (NYSE:YUMC).
Receive News & Ratings for Yum China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum China and related companies with MarketBeat.com's FREE daily email newsletter.