Pennsylvania Trust Co reduced its stake in shares of Yum China Holdings Inc (NYSE:YUMC) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,493 shares of the company’s stock after selling 390 shares during the period. Pennsylvania Trust Co’s holdings in Yum China were worth $340,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of YUMC. Invesco Ltd. lifted its holdings in Yum China by 497.0% during the 2nd quarter. Invesco Ltd. now owns 35,798,550 shares of the company’s stock valued at $1,653,894,000 after purchasing an additional 29,802,453 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in Yum China in the second quarter worth about $186,840,000. ANTIPODES PARTNERS Ltd increased its position in Yum China by 563.4% in the second quarter. ANTIPODES PARTNERS Ltd now owns 2,809,708 shares of the company’s stock worth $129,809,000 after buying an additional 2,386,169 shares in the last quarter. JPMorgan Chase & Co. increased its position in Yum China by 20.0% in the second quarter. JPMorgan Chase & Co. now owns 12,968,619 shares of the company’s stock worth $597,595,000 after buying an additional 2,163,983 shares in the last quarter. Finally, Broad Peak Investment Management LTD. purchased a new stake in Yum China in the second quarter worth about $88,219,000. Hedge funds and other institutional investors own 80.59% of the company’s stock.
In related news, insider Angela Ai sold 13,477 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $44.74, for a total transaction of $602,960.98. Following the completion of the sale, the insider now directly owns 28,445 shares of the company’s stock, valued at $1,272,629.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.44% of the stock is owned by corporate insiders.
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Yum China from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Saturday, September 14th. ValuEngine lowered Yum China from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $51.05.
Shares of YUMC stock opened at $44.49 on Friday. The stock’s 50-day moving average is $44.75 and its two-hundred day moving average is $44.00. The firm has a market cap of $16.11 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.65 and a beta of 1.13. Yum China Holdings Inc has a 1 year low of $30.60 and a 1 year 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 issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.09. Yum China had a return on equity of 21.03% and a net margin of 7.91%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the firm posted $0.36 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts predict that Yum China Holdings Inc will post 1.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Monday, August 26th. Yum China’s dividend payout ratio is presently 31.37%.
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, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
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