Janus Henderson Group PLC reduced its position in Yum China Holdings Inc (NYSE:YUMC) by 41.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 484,980 shares of the company’s stock after selling 345,553 shares during the period. Janus Henderson Group PLC owned about 0.13% of Yum China worth $17,027,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in YUMC. Amussen Hunsaker Associates LLC bought a new stake in Yum China in the 2nd quarter worth approximately $130,000. 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. CenterStar Asset Management LLC bought a new stake in shares of Yum China during the 3rd quarter valued at $202,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Yum China by 895.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,261 shares of the company’s stock valued at $240,000 after acquiring an additional 5,632 shares during the period. Institutional investors own 77.73% of the company’s stock.
YUMC has been the subject of a number of recent research reports. Oppenheimer downgraded shares of Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research report on Friday, August 17th. UBS Group downgraded shares of Yum China from an “outperform” rating to a “market perform” rating in a research report on Friday, August 17th. Zacks Investment Research raised shares of Yum China from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, Bank of America raised shares of Yum China from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $34.00 to $35.00 in a report on Wednesday, October 31st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus 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 business’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $36.50, for a total value of $306,782.50. Following the sale, the insider now owns 9,942 shares in the company, valued at approximately $362,883. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ted Lee sold 3,795 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $36.26, for a total transaction of $137,606.70. Following the completion of the sale, the insider now owns 1,863 shares in the company, valued at approximately $67,552.38. The disclosure for this sale can be found here. Insiders sold a total of 20,591 shares of company stock valued at $756,954 in the last ninety days. 0.37% of the stock is currently owned by insiders.
Shares of Yum China stock opened at $34.98 on Friday. The firm 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. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 0.01. Yum China Holdings Inc has a fifty-two week low of $30.10 and a fifty-two week high of $48.75.
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 consensus estimate of $0.45 by $0.06. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. Yum China had a net margin of 6.23% and a return on equity of 20.73%. Yum China’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, sell-side analysts forecast that Yum China Holdings Inc will post 1.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be issued a $0.12 dividend. 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 an increase from Yum China’s previous quarterly dividend of $0.10. Yum China’s dividend payout ratio is currently 33.80%.
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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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