Marshall Wace LLP increased its holdings in shares of Yum China Holdings Inc (NYSE:YUMC) by 104.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 649,469 shares of the company’s stock after acquiring an additional 331,443 shares during the period. Marshall Wace LLP owned approximately 0.17% of Yum China worth $22,803,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of YUMC. Kovack Advisors Inc. boosted its holdings in Yum China by 24.8% in the 3rd quarter. Kovack Advisors Inc. now owns 7,583 shares of the company’s stock worth $266,000 after buying an additional 1,505 shares during the last quarter. North Star Asset Management Inc. boosted its holdings in Yum China by 2.4% in the 2nd quarter. North Star Asset Management Inc. now owns 72,983 shares of the company’s stock worth $2,807,000 after buying an additional 1,715 shares during the last quarter. Baldwin Investment Management LLC boosted its holdings in Yum China by 27.3% in the 2nd quarter. Baldwin Investment Management LLC now owns 9,785 shares of the company’s stock worth $376,000 after buying an additional 2,100 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Yum China by 2.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 96,352 shares of the company’s stock worth $3,382,000 after buying an additional 2,282 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH boosted its holdings in Yum China by 9.5% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 27,440 shares of the company’s stock worth $963,000 after buying an additional 2,383 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
Several research analysts have recently weighed in on the company. Oppenheimer cut Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a report on Friday, August 17th. Bank of America upgraded Yum China from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $34.00 to $35.00 in a report on Wednesday, October 31st. UBS Group cut Yum China from an “outperform” rating to a “market perform” rating in a report on Friday, August 17th. Finally, Zacks Investment Research restated a “hold” rating on shares of Yum China in a report on Saturday, November 17th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.75.
Shares of Yum China stock opened at $34.98 on Friday. The company has a market cap of $13.43 billion, a PE ratio of 22.28, a P/E/G ratio of 1.62 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 debt-to-equity ratio of 0.01, a quick ratio of 1.49 and a current ratio of 1.72.
Yum China (NYSE:YUMC) last issued its earnings results on Tuesday, October 30th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Yum China had a return on equity of 20.73% and a net margin of 6.23%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm 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. Stockholders of record on Tuesday, November 27th will be issued a dividend of $0.12 per share. This is a boost from Yum China’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, November 26th. Yum China’s payout ratio is currently 33.80%.
In other news, insider Angela Ai sold 8,391 shares of Yum China stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $37.25, for a total transaction of $312,564.75. Following the sale, the insider now owns 17,127 shares of the company’s stock, valued at approximately $637,980.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ted Lee sold 3,795 shares of Yum China stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $36.26, for a total transaction of $137,606.70. Following the sale, the insider now directly owns 1,863 shares in the company, valued at approximately $67,552.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,591 shares of company stock worth $756,954. 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.
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