Cohen Klingenstein LLC trimmed its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 4.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,000 shares of the company’s stock after selling 7,100 shares during the quarter. Cohen Klingenstein LLC’s holdings in Yum China were worth $9,239,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of YUMC. Albion Financial Group UT acquired a new stake in shares of Yum China during the second quarter valued at approximately $28,000. Eagle Bay Advisors LLC purchased a new position in Yum China during the 2nd quarter worth approximately $34,000. Clean Yield Group purchased a new position in Yum China during the 2nd quarter worth approximately $40,000. MV Capital Management Inc. grew its position in Yum China by 129.6% during the 2nd quarter. MV Capital Management Inc. now owns 620 shares of the company’s stock worth $41,000 after purchasing an additional 350 shares in the last quarter. Finally, Horan Securities Inc. grew its position in Yum China by 3,428.6% during the 2nd quarter. Horan Securities Inc. now owns 741 shares of the company’s stock worth $49,000 after purchasing an additional 720 shares in the last quarter. 81.45% of the stock is owned by institutional investors.
Yum China stock opened at $51.12 on Friday. The company’s fifty day simple moving average is $57.06 and its 200-day simple moving average is $61.52. Yum China Holdings, Inc. has a 12 month low of $50.60 and a 12 month high of $69.67. The stock has a market cap of $21.89 billion, a P/E ratio of 33.20, a P/E/G ratio of 4.41 and a beta of 0.77.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 16th. Investors of record on Wednesday, November 24th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Tuesday, November 23rd. Yum China’s payout ratio is presently 31.17%.
In related news, insider Aiken Yuen sold 1,480 shares of Yum China stock in a transaction on Wednesday, November 10th. The shares were sold at an average price of $54.99, for a total value of $81,385.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is currently owned by insiders.
YUMC has been the topic of several research analyst reports. Zacks Investment Research cut shares of Yum China from a “hold” rating to a “strong sell” rating and set a $49.00 price objective on the stock. in a research report on Tuesday, September 28th. Macquarie cut shares of Yum China from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $56.00 to $52.90 in a research report on Wednesday, September 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.77.
Yum China Profile
Yum China Holdings, Inc engages in the operation and management of restaurants and fast food chains. It operates through the following segments: Kentucky Fried Chicken (KFC), Pizza Hut, and All Other Segments. The KFC segment operates restaurant chain. The Pizza Hut segment covers the Pizza Hut casual dining and Pizza Hut home service.
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