State Board of Administration of Florida Retirement System trimmed its position in shares of Yum China Holdings Inc (NYSE:YUMC) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 515,673 shares of the company’s stock after selling 10,980 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.13% of Yum China worth $18,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Kovack Advisors Inc. raised its stake in shares of Yum China by 24.8% in the 3rd quarter. Kovack Advisors Inc. now owns 7,583 shares of the company’s stock valued at $266,000 after acquiring an additional 1,505 shares in the last quarter. North Star Asset Management Inc. raised its stake in shares of Yum China by 2.4% in the 2nd quarter. North Star Asset Management Inc. now owns 72,983 shares of the company’s stock valued at $2,807,000 after acquiring an additional 1,715 shares in the last quarter. Atria Investments LLC raised its stake in shares of Yum China by 28.1% in the 2nd quarter. Atria Investments LLC now owns 9,081 shares of the company’s stock valued at $349,000 after acquiring an additional 1,990 shares in the last quarter. Pennsylvania Trust Co raised its stake in shares of Yum China by 30.7% in the 2nd quarter. Pennsylvania Trust Co now owns 8,718 shares of the company’s stock valued at $335,000 after acquiring an additional 2,050 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH raised its stake in shares of Yum China by 8.9% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 25,057 shares of the company’s stock valued at $964,000 after acquiring an additional 2,055 shares in the last quarter. Institutional investors and hedge funds own 82.54% of the company’s stock.
A number of brokerages recently weighed in on YUMC. Oppenheimer cut their price objective on Yum China from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, August 2nd. Zacks Investment Research downgraded Yum China from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. Bank of America raised Yum China from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $35.00 in a research note on Wednesday, October 31st. Macquarie downgraded Yum China from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 2nd. Finally, UBS Group downgraded Yum China from an “outperform” rating to a “market perform” rating in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Yum China currently has a consensus rating of “Hold” and an average price target of $42.75.
Shares of NYSE YUMC opened at $36.50 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 1.70 and a beta of 0.56. Yum China Holdings Inc has a 12 month low of $30.10 and a 12 month high of $48.75.
Yum China (NYSE:YUMC) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. Yum China had a return on equity of 20.94% and a net margin of 6.45%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. On average, research analysts forecast that Yum China Holdings Inc will post 1.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th will be given a $0.12 dividend. This is an increase from Yum China’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.32%. The ex-dividend date is Monday, November 26th. Yum China’s payout ratio is currently 28.17%.
In other Yum China news, insider Angela Ai sold 4,529 shares of Yum China stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $38.25, for a total value of $173,234.25. Following the transaction, the insider now directly owns 9,000 shares of the company’s stock, valued at approximately $344,250. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.37% of the company’s stock.
Yum China Profile
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.
Further Reading: Understanding each part of a balance sheet
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