CIBC Private Wealth Group LLC lifted its position in shares of Yum China Holdings Inc (NYSE:YUMC) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 389,735 shares of the company’s stock after purchasing an additional 23,543 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Yum China were worth $13,069,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of YUMC. Coronation Fund Managers Ltd. grew its stake in Yum China by 75.9% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 2,448,572 shares of the company’s stock valued at $85,969,000 after acquiring an additional 1,056,213 shares during the period. Marathon Asset Management LLP grew its stake in Yum China by 61.4% in the 3rd quarter. Marathon Asset Management LLP now owns 2,697,257 shares of the company’s stock valued at $94,700,000 after acquiring an additional 1,025,911 shares during the period. Clearbridge Investments LLC grew its stake in Yum China by 8.9% in the 3rd quarter. Clearbridge Investments LLC now owns 11,584,404 shares of the company’s stock valued at $406,728,000 after acquiring an additional 945,546 shares during the period. Loomis Sayles & Co. L P grew its stake in Yum China by 4.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 15,340,589 shares of the company’s stock valued at $538,608,000 after acquiring an additional 588,410 shares during the period. Finally, Holowesko Partners Ltd. grew its stake in Yum China by 51.7% in the 3rd quarter. Holowesko Partners Ltd. now owns 1,559,000 shares of the company’s stock valued at $54,736,000 after acquiring an additional 531,000 shares during the period. 76.28% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Danny Tan sold 7,502 shares of Yum China stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $41.00, for a total transaction of $307,582.00. Following the transaction, the insider now owns 30,538 shares in the company, valued at approximately $1,252,058. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ted Lee sold 2,246 shares of Yum China stock in a transaction on Monday, February 11th. The stock was sold at an average price of $40.98, for a total value of $92,041.08. Following the transaction, the insider now owns 1,863 shares in the company, valued at approximately $76,345.74. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.
Shares of YUMC stock opened at $41.29 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.49 and a current ratio of 1.72. The firm has a market capitalization of $15.66 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.87 and a beta of 0.70. Yum China Holdings Inc has a fifty-two week low of $30.10 and a fifty-two week high of $44.61.
Yum China (NYSE:YUMC) last announced its quarterly earnings data on Thursday, January 31st. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. Yum China had a return on equity of 19.39% and a net margin of 8.41%. Sell-side analysts expect that Yum China Holdings Inc will post 1.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Thursday, February 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.16%. Yum China’s payout ratio is currently 31.37%.
A number of research analysts have weighed in on the company. TheStreet upgraded Yum China from a “c+” rating to a “b” rating in a report on Thursday, January 24th. Zacks Investment Research upgraded Yum China from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Bank of America upgraded Yum China from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $35.00 in a report on Wednesday, October 31st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $38.67.
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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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