Wetherby Asset Management Inc. reduced its position in shares of Yum China Holdings Inc (NYSE:YUMC) by 6.4% in the 4th quarter, Holdings Channel reports. The firm owned 7,851 shares of the company’s stock after selling 535 shares during the period. Wetherby Asset Management Inc.’s holdings in Yum China were worth $263,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. YHB Investment Advisors Inc. grew its position in shares of Yum China by 43.3% during the 3rd quarter. YHB Investment Advisors Inc. now owns 70,513 shares of the company’s stock worth $2,476,000 after buying an additional 21,290 shares during the period. Coronation Fund Managers Ltd. grew its position in shares of Yum China by 75.9% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 2,448,572 shares of the company’s stock worth $85,969,000 after buying an additional 1,056,213 shares during the period. Atlas Capital Advisors LLC acquired a new stake in shares of Yum China during the 3rd quarter worth approximately $139,000. KEYWISE CAPITAL MANAGEMENT Ltd acquired a new stake in shares of Yum China during the 4th quarter worth approximately $1,398,000. Finally, Creative Planning grew its position in shares of Yum China by 1.7% during the 3rd quarter. Creative Planning now owns 168,686 shares of the company’s stock worth $5,923,000 after buying an additional 2,900 shares during the period. 77.17% of the stock is owned by hedge funds and other institutional investors.
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Yum China stock traded up $0.50 during midday trading on Thursday, hitting $41.61. 25,673 shares of the stock were exchanged, compared to its average volume of 1,954,884. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.72 and a quick ratio of 1.49. Yum China Holdings Inc has a 52 week low of $30.10 and a 52 week high of $45.30. The firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 2.87 and a beta of 0.70.
Yum China (NYSE:YUMC) last announced its quarterly earnings results on Thursday, January 31st. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.05. Yum China had a net margin of 8.41% and a return on equity of 19.39%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. As a group, analysts predict that Yum China Holdings Inc will post 1.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Thursday, February 28th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, February 27th. Yum China’s payout ratio is currently 31.37%.
Several research firms recently weighed in on YUMC. Zacks Investment Research raised shares of Yum China from a “sell” rating to a “hold” rating in a research note on Monday. TheStreet raised shares of Yum China from a “c+” rating to a “b” rating in a research note on Thursday, January 24th. Finally, Bank of America raised shares of Yum China from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $34.00 to $35.00 in a research note on Wednesday, October 31st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $38.67.
In other Yum China news, insider Riu Sun sold 8,405 shares of Yum China stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $36.50, for a total value of $306,782.50. Following the transaction, the insider now owns 9,942 shares of the company’s stock, valued at $362,883. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ted Lee sold 3,795 shares of Yum China stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $36.26, for a total transaction of $137,606.70. Following the completion of the transaction, the insider now directly owns 1,863 shares in the company, valued at approximately $67,552.38. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.
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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, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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