HBK Investments L P lifted its stake in Yum China Holdings Inc (NYSE:YUMC) by 248.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,500 shares of the company’s stock after buying an additional 256,181 shares during the period. HBK Investments L P owned about 0.09% of Yum China worth $14,387,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Standard Life Aberdeen plc raised its holdings in shares of Yum China by 13.3% in the 4th quarter. Standard Life Aberdeen plc now owns 31,015,455 shares of the company’s stock worth $1,241,238,000 after buying an additional 3,638,955 shares in the last quarter. Clearbridge Investments LLC grew its position in Yum China by 6.5% during the 4th quarter. Clearbridge Investments LLC now owns 9,990,378 shares of the company’s stock worth $399,815,000 after acquiring an additional 611,882 shares during the last quarter. Two Sigma Advisers LP grew its position in Yum China by 29.3% during the 4th quarter. Two Sigma Advisers LP now owns 2,732,541 shares of the company’s stock worth $109,356,000 after acquiring an additional 619,141 shares during the last quarter. Deutsche Bank AG grew its position in Yum China by 3.9% during the 4th quarter. Deutsche Bank AG now owns 2,529,020 shares of the company’s stock worth $101,208,000 after acquiring an additional 94,617 shares during the last quarter. Finally, Matthews International Capital Management LLC grew its position in Yum China by 32.2% during the 4th quarter. Matthews International Capital Management LLC now owns 2,339,310 shares of the company’s stock worth $93,619,000 after acquiring an additional 569,400 shares during the last quarter. 80.19% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Yum China from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Macquarie assumed coverage on Yum China in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $55.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.28.
Yum China (NYSE:YUMC) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.15 billion. Yum China had a return on equity of 20.59% and a net margin of 5.64%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $0.17 EPS. analysts anticipate that Yum China Holdings Inc will post 1.6 earnings per share for the current year.
The company also recently disclosed a Not Available dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a yield of 0.00248200546041201%. Yum China’s payout ratio is 13.99%.
In other Yum China news, insider Danny Tan sold 3,610 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $44.50, for a total value of $160,645.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan S. Linen acquired 4,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $39.76 per share, for a total transaction of $159,040.00. Following the completion of the transaction, the director now directly owns 41,236 shares in the company, valued at approximately $1,639,543.36. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by company insiders.
About Yum China
Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.
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