Legal & General Group Plc Sells 152,186 Shares of Yum China $YUMC

Legal & General Group Plc trimmed its position in shares of Yum China (NYSE:YUMC) by 6.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,237,724 shares of the company’s stock after selling 152,186 shares during the quarter. Legal & General Group Plc owned 0.60% of Yum China worth $100,074,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in YUMC. SouthState Corp raised its position in Yum China by 4,915.4% in the 1st quarter. SouthState Corp now owns 652 shares of the company’s stock worth $34,000 after purchasing an additional 639 shares during the period. Bell Investment Advisors Inc grew its holdings in Yum China by 95.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 665 shares of the company’s stock worth $30,000 after acquiring an additional 325 shares in the last quarter. Cheviot Value Management LLC purchased a new position in Yum China during the first quarter valued at approximately $42,000. Marshall & Sullivan Inc. WA bought a new position in shares of Yum China in the 2nd quarter worth $36,000. Finally, Atlantic Union Bankshares Corp bought a new position in Yum China in the second quarter worth about $45,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Yum China Price Performance

Yum China stock opened at $47.58 on Tuesday. Yum China has a 1 year low of $41.00 and a 1 year high of $53.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39. The company’s fifty day moving average price is $44.30 and its 200 day moving average price is $44.81. The stock has a market capitalization of $17.20 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.63 and a beta of 0.18.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.20 billion. Yum China had a net margin of 8.04% and a return on equity of 14.13%. Yum China’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.77 EPS. As a group, equities research analysts anticipate that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 2.0%. Yum China’s payout ratio is presently 39.83%.

Wall Street Analyst Weigh In

YUMC has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Yum China in a report on Wednesday, October 8th. CLSA reiterated an “outperform” rating and issued a $55.00 price objective on shares of Yum China in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $55.00.

Insider Activity

In related news, insider Jeff Kuai sold 5,167 shares of Yum China stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $48.00, for a total transaction of $248,016.00. Following the transaction, the insider owned 56,602 shares in the company, valued at approximately $2,716,896. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by company insiders.

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.