Templeton & Phillips Capital Management LLC cut its position in shares of Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,175 shares of the company’s stock after selling 229 shares during the quarter. Yum China makes up about 1.7% of Templeton & Phillips Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Templeton & Phillips Capital Management LLC’s holdings in Yum China were worth $2,128,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Atria Investments Inc lifted its stake in shares of Yum China by 1.2% in the 4th quarter. Atria Investments Inc now owns 23,074 shares of the company’s stock valued at $1,111,000 after purchasing an additional 273 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Yum China by 4.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,180 shares of the company’s stock valued at $298,000 after buying an additional 276 shares during the last quarter. D.A. Davidson & CO. raised its stake in Yum China by 1.3% during the third quarter. D.A. Davidson & CO. now owns 23,692 shares of the company’s stock valued at $1,067,000 after buying an additional 304 shares during the last quarter. Hanson & Doremus Investment Management raised its stake in Yum China by 0.5% during the fourth quarter. Hanson & Doremus Investment Management now owns 57,104 shares of the company’s stock valued at $2,751,000 after buying an additional 307 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in Yum China by 2.2% during the fourth quarter. First Citizens Bank & Trust Co. now owns 14,054 shares of the company’s stock valued at $677,000 after buying an additional 309 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CTO Leila Zhang sold 4,000 shares of Yum China stock in a transaction on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $202,360.00. Following the completion of the sale, the chief technology officer now owns 52,075 shares of the company’s stock, valued at $2,634,474.25. The trade was a 7.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joey Wat sold 37,252 shares of Yum China stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $49.71, for a total value of $1,851,796.92. Following the completion of the sale, the chief executive officer now directly owns 382,657 shares of the company’s stock, valued at $19,021,879.47. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,152 shares of company stock valued at $2,242,176. Corporate insiders own 0.30% of the company’s stock.
Yum China Stock Down 0.5 %
Yum China (NYSE:YUMC – Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Yum China had a return on equity of 13.83% and a net margin of 8.06%. Equities analysts predict that Yum China Holdings, Inc. will post 2.54 EPS for the current fiscal year.
Yum China Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.24 dividend. This is a positive change from Yum China’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, March 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.84%. Yum China’s dividend payout ratio (DPR) is presently 41.20%.
Analyst Ratings Changes
Separately, StockNews.com cut Yum China from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.
Read Our Latest Report on YUMC
About Yum China
Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.
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