Treasurer of the State of North Carolina Has $4.15 Million Stock Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Treasurer of the State of North Carolina decreased its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,179 shares of the company’s stock after selling 5,820 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Yum China were worth $4,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Kentucky Trust Co purchased a new position in Yum China during the 4th quarter valued at about $29,000. Graney & King LLC acquired a new stake in shares of Yum China during the fourth quarter worth approximately $39,000. EverSource Wealth Advisors LLC grew its position in Yum China by 58.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 878 shares of the company’s stock valued at $42,000 after purchasing an additional 324 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in Yum China in the 4th quarter valued at approximately $48,000. Finally, Quadrant Capital Group LLC lifted its position in Yum China by 85.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,060 shares of the company’s stock worth $51,000 after buying an additional 489 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Yum China

In other news, insider Jeff Kuai sold 3,900 shares of the firm’s stock in a transaction dated Monday, February 17th. The stock was sold at an average price of $48.21, for a total value of $188,019.00. Following the sale, the insider now directly owns 56,602 shares of the company’s stock, valued at approximately $2,728,782.42. This trade represents a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joey Wat sold 37,252 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 382,657 shares of the company’s stock, valued at $19,021,879.47. This represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,152 shares of company stock worth $2,242,176 over the last 90 days. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

YUMC has been the topic of several research analyst reports. Daiwa America upgraded shares of Yum China to a “strong-buy” rating in a report on Wednesday, April 9th. StockNews.com lowered Yum China from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $48.70.

Yum China Stock Down 1.5 %

Yum China stock opened at $44.49 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $53.99. The firm’s fifty day simple moving average is $49.14 and its 200-day simple moving average is $47.58. The company has a market capitalization of $16.73 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.72 and a beta of 0.32.

Yum China (NYSE:YUMC) last posted its earnings results on Thursday, February 6th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). Yum China had a net margin of 8.06% and a return on equity of 13.83%. Sell-side analysts forecast that Yum China Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Yum China Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 2.16%. This is a boost from Yum China’s previous quarterly dividend of $0.16. Yum China’s dividend payout ratio is presently 41.20%.

Yum China Company Profile

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.