Highbridge Capital Management LLC bought a new stake in shares of Yum China Holdings Inc (NYSE:YUMC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 41,500 shares of the company’s stock, valued at approximately $1,457,000.
Other hedge funds have also made changes to their positions in the company. Amussen Hunsaker Associates LLC bought a new stake in shares of Yum China during the 2nd quarter valued at $130,000. Atlas Capital Advisors LLC bought a new stake in shares of Yum China during the 3rd quarter valued at $139,000. Stratos Wealth Partners LTD. bought a new stake in shares of Yum China during the 3rd quarter valued at $192,000. Cerebellum GP LLC bought a new stake in shares of Yum China during the 3rd quarter valued at $197,000. Finally, CenterStar Asset Management LLC bought a new position in Yum China in the 3rd quarter worth about $202,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.
Shares of Yum China stock opened at $34.98 on Friday. 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 Holdings Inc has a 1 year low of $30.10 and a 1 year high of $48.75. The company has a current ratio of 1.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01.
Yum China (NYSE:YUMC) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Yum China had a net margin of 6.23% and a return on equity of 20.73%. Yum China’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. As a group, analysts expect 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. The ex-dividend date of this dividend is Monday, November 26th. This represents a $0.48 annualized dividend and a yield of 1.37%. This is a boost from Yum China’s previous quarterly dividend of $0.10. Yum China’s dividend payout ratio is currently 33.80%.
A number of equities analysts recently issued reports on YUMC shares. Oppenheimer cut shares of Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 price target on the stock. in a research note on Friday, August 17th. Bank of America upgraded shares of Yum China from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $34.00 to $35.00 in a research note on Wednesday, October 31st. UBS Group cut shares of Yum China from an “outperform” rating to a “market perform” rating in a research note on Friday, August 17th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Yum China in a research note on Saturday, November 17th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.75.
In other Yum China news, insider Riu Sun sold 8,405 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $36.50, for a total transaction of $306,782.50. Following the transaction, the insider now owns 9,942 shares in the company, valued at approximately $362,883. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela Ai sold 8,391 shares of the company’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 owns 17,127 shares in the company, valued at approximately $637,980.75. The disclosure for this sale can be found here. Insiders have sold a total of 20,591 shares of company stock worth $756,954 in the last 90 days. Company insiders own 0.37% of the company’s stock.
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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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