Allianz Asset Management GmbH reduced its holdings in Yum China Holdings Inc (NYSE:YUMC) by 9.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 539,962 shares of the company’s stock after selling 54,981 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.14% of Yum China worth $18,959,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of YUMC. Amussen Hunsaker Associates LLC acquired a new stake in shares of Yum China in the 2nd quarter worth about $130,000. Atlas Capital Advisors LLC acquired a new stake in shares of Yum China in the 3rd quarter worth about $139,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Yum China in the 3rd quarter worth about $192,000. Cerebellum GP LLC acquired a new stake in shares of Yum China in the 3rd quarter worth about $197,000. Finally, CenterStar Asset Management LLC acquired a new stake in shares of Yum China in the 3rd quarter worth about $202,000. Institutional investors own 77.73% of the company’s stock.
YUMC has been the topic of a number of analyst reports. Oppenheimer cut shares of Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 price objective on the stock. in a report on Friday, August 17th. Bank of America raised shares of Yum China from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $34.00 to $35.00 in a report on Wednesday, October 31st. UBS Group cut shares of Yum China from an “outperform” rating to a “market perform” rating in a report on Friday, August 17th. Finally, Zacks Investment Research reaffirmed a “hold” rating on shares of Yum China in a report on Saturday, November 17th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $42.75.
YUMC stock opened at $34.98 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.49 and a current ratio of 1.72. Yum China Holdings Inc has a fifty-two week low of $30.10 and a fifty-two week high of $48.75. The stock has a market capitalization of $13.50 billion, a P/E ratio of 24.63, a PEG ratio of 1.63 and a beta of 0.55.
Yum China (NYSE:YUMC) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. Yum China had a net margin of 6.23% and a return on equity of 20.73%. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the company earned $0.52 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, research analysts forecast that Yum China Holdings Inc will post 1.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th will be paid a dividend of $0.12 per share. This is a boost from Yum China’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, November 26th. This represents a $0.48 annualized dividend and a yield of 1.37%. Yum China’s dividend payout ratio (DPR) is presently 33.80%.
In other Yum China news, insider Ted Lee sold 3,795 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $36.26, for a total transaction of $137,606.70. Following the transaction, the insider now owns 1,863 shares of the company’s stock, valued at approximately $67,552.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela Ai sold 8,391 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $37.25, for a total transaction of $312,564.75. Following the transaction, the insider now directly owns 17,127 shares in the company, valued at approximately $637,980.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,591 shares of company stock worth $756,954. 0.37% of the stock is owned by corporate insiders.
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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.
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