Yum China $YUMC Stake Increased by Ninety One UK Ltd

Ninety One UK Ltd raised its holdings in Yum China (NYSE:YUMC) by 17.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 442,523 shares of the company’s stock after purchasing an additional 67,333 shares during the period. Ninety One UK Ltd owned approximately 0.13% of Yum China worth $18,188,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Eastern Bank raised its position in shares of Yum China by 12.6% in the second quarter. Eastern Bank now owns 2,984 shares of the company’s stock valued at $122,000 after buying an additional 335 shares in the last quarter. Frank Rimerman Advisors LLC grew its position in Yum China by 7.8% during the first quarter. Frank Rimerman Advisors LLC now owns 6,085 shares of the company’s stock worth $297,000 after buying an additional 441 shares in the last quarter. Lido Advisors LLC grew its position in Yum China by 6.7% during the first quarter. Lido Advisors LLC now owns 7,214 shares of the company’s stock worth $352,000 after buying an additional 451 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Yum China by 2.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,204 shares of the company’s stock worth $1,034,000 after acquiring an additional 452 shares during the period. Finally, Main Street Group LTD bought a new position in Yum China during the 1st quarter worth $26,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen cut Yum China from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Yum China in a report on Friday, August 21st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $59.00 price target on shares of Yum China in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.21.

Insider Activity at Yum China

In other Yum China news, insider Duoduo (Howard) Huang sold 24,096 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $47.08, for a total transaction of $1,134,439.68. Following the completion of the sale, the insider directly owned 7,589 shares in the company, valued at $357,290.12. This represents a 76.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeff Kuai sold 14,586 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $47.72, for a total value of $696,043.92. Following the completion of the sale, the insider directly owned 63,541 shares in the company, valued at approximately $3,032,176.52. This represents a 18.67% decrease in their position. The SEC filing for this sale provides additional information. 0.44% of the stock is owned by insiders.

Yum China Price Performance

YUMC stock opened at $44.72 on Friday. The company’s 50-day moving average price is $43.88 and its two-hundred day moving average price is $44.83. The firm has a market cap of $15.31 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.14 and a beta of 0.07. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 0.01. Yum China has a 12 month low of $39.72 and a 12 month high of $58.39.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.05 billion. Yum China had a net margin of 7.84% and a return on equity of 15.82%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 EPS. On average, analysts anticipate that Yum China will post 2.95 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, August 27th. Yum China’s payout ratio is currently 42.49%.

Yum China Profile

Yum China Holdings, Inc is a restaurant company that operates and franchises quick-service and casual-dining restaurants in China. Its portfolio includes KFC, Pizza Hut, Taco Bell, Lavasa, Huang Ji Huang, COFFii&JOY and East Dawning, offering products such as fried chicken, pizza, Mexican-inspired food, coffee and traditional Chinese cuisine.

KFC China and Pizza Hut China are the company’s principal brands, serving customers through restaurants, delivery and digital ordering channels.