British Airways Pensions Investment Management Ltd acquired a new stake in Yum China Holdings Inc (NYSE:YUMC) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 145,796 shares of the company’s stock, valued at approximately $6,624,000.
A number of other large investors have also recently made changes to their positions in the stock. First National Bank of Omaha bought a new position in Yum China during the second quarter valued at $203,000. Chicago Capital LLC lifted its stake in Yum China by 55.3% in the second quarter. Chicago Capital LLC now owns 12,127 shares of the company’s stock worth $560,000 after acquiring an additional 4,320 shares during the period. Country Trust Bank lifted its stake in Yum China by 100.0% in the second quarter. Country Trust Bank now owns 1,088 shares of the company’s stock worth $49,000 after acquiring an additional 544 shares during the period. Handelsbanken Fonder AB lifted its stake in Yum China by 260.0% in the second quarter. Handelsbanken Fonder AB now owns 180,000 shares of the company’s stock worth $8,316,000 after acquiring an additional 130,000 shares during the period. Finally, YHB Investment Advisors Inc. lifted its position in shares of Yum China by 0.7% during the second quarter. YHB Investment Advisors Inc. now owns 71,528 shares of the company’s stock valued at $3,305,000 after buying an additional 500 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Angela Ai sold 13,477 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $44.74, for a total transaction of $602,960.98. Following the transaction, the insider now owns 28,445 shares in the company, valued at approximately $1,272,629.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is owned by company insiders.
Several research firms have commented on YUMC. Zacks Investment Research raised shares of Yum China from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Saturday, September 14th. ValuEngine lowered shares of Yum China from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group began coverage on shares of Yum China in a research report on Monday, October 28th. They set a “buy” rating and a $54.60 price target for the company. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. Yum China presently has an average rating of “Buy” and an average target price of $51.64.
Shares of NYSE YUMC traded up $0.26 during midday trading on Friday, reaching $43.78. 1,680,717 shares of the stock were exchanged, compared to its average volume of 1,941,423. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.74 and a beta of 1.11. Yum China Holdings Inc has a twelve month low of $31.35 and a twelve month high of $48.36. The firm has a 50-day simple moving average of $43.81 and a two-hundred day simple moving average of $43.85. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.01.
Yum China (NYSE:YUMC) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Yum China had a net margin of 8.05% and a return on equity of 21.63%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. Research analysts expect that Yum China Holdings Inc will post 1.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.10%. Yum China’s payout ratio is 31.37%.
Yum China Company 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, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
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