AMP Capital Investors Ltd cut its holdings in Yum China Holdings Inc (NYSE:YUMC) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 137,530 shares of the company’s stock after selling 7,966 shares during the period. AMP Capital Investors Ltd’s holdings in Yum China were worth $5,290,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Advisors LLC boosted its holdings in shares of Yum China by 660.8% in the 2nd quarter. Legacy Advisors LLC now owns 3,043 shares of the company’s stock valued at $117,000 after buying an additional 2,643 shares during the period. Capital Investment Advisors LLC acquired a new position in shares of Yum China in the 2nd quarter valued at about $140,000. Signaturefd LLC acquired a new position in shares of Yum China in the 1st quarter valued at about $163,000. Optimum Investment Advisors acquired a new position in shares of Yum China in the 1st quarter valued at about $181,000. Finally, Altium Wealth Management LLC acquired a new position in shares of Yum China in the 1st quarter valued at about $206,000. 82.66% of the stock is owned by institutional investors and hedge funds.
In other Yum China news, insider Angela Ai sold 4,529 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $38.25, for a total transaction of $173,234.25. Following the completion of the transaction, the insider now directly owns 9,000 shares of the company’s stock, valued at approximately $344,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.37% of the company’s stock.
Several research analysts have recently commented on the stock. Oppenheimer decreased their price target on shares of Yum China from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 2nd. Zacks Investment Research lowered shares of Yum China from a “hold” rating to a “sell” rating in a report on Sunday, July 8th. Macquarie lowered shares of Yum China from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 2nd. UBS Group lowered shares of Yum China from an “outperform” rating to a “market perform” rating in a research note on Friday, August 17th. Finally, Bank of America lowered shares of Yum China from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $44.30 to $34.00 in a research note on Thursday, July 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Yum China currently has an average rating of “Hold” and an average price target of $46.06.
Yum China stock opened at $33.18 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.74 and a debt-to-equity ratio of 0.01. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.50 and a beta of 1.00. Yum China Holdings Inc has a 52-week low of $30.10 and a 52-week high of $48.75.
Yum China (NYSE:YUMC) last posted its earnings results on Wednesday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.10 billion. Yum China had a net margin of 6.45% and a return on equity of 20.94%. Yum China’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. equities analysts forecast that Yum China Holdings Inc will post 1.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Wednesday, August 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, August 28th. Yum China’s payout ratio is 28.17%.
About Yum China
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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