Amundi Sells 119,988 Shares of Yum China $YUMC

Amundi lowered its position in Yum China (NYSE:YUMC) by 8.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,367,027 shares of the company’s stock after selling 119,988 shares during the quarter. Amundi’s holdings in Yum China were worth $63,023,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Bell Investment Advisors Inc raised its holdings in shares of Yum China by 95.6% in the 2nd quarter. Bell Investment Advisors Inc now owns 665 shares of the company’s stock valued at $30,000 after purchasing an additional 325 shares during the period. SouthState Corp increased its position in Yum China by 4,915.4% during the first quarter. SouthState Corp now owns 652 shares of the company’s stock worth $34,000 after buying an additional 639 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new position in Yum China during the second quarter worth approximately $36,000. Atlantic Union Bankshares Corp bought a new stake in Yum China in the second quarter valued at approximately $45,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Yum China by 26.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,052 shares of the company’s stock valued at $47,000 after buying an additional 222 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Yum China Trading Down 0.5%

Shares of NYSE:YUMC opened at $46.02 on Tuesday. The business’s 50 day simple moving average is $45.10 and its 200 day simple moving average is $45.02. Yum China has a 1 year low of $41.00 and a 1 year high of $53.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.32 and a quick ratio of 1.15. The company has a market capitalization of $16.63 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.72 and a beta of 0.14.

Yum China (NYSE:YUMC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Yum China had a return on equity of 14.08% and a net margin of 7.81%.The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. On average, research analysts anticipate that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $0.96 annualized dividend and a yield of 2.1%. Yum China’s dividend payout ratio is currently 39.83%.

Insiders Place Their Bets

In related news, insider Warton Wang sold 8,187 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $48.28, for a total transaction of $395,268.36. Following the sale, the insider owned 46,847 shares in the company, valued at approximately $2,261,773.16. This trade represents a 14.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Duoduo (Howard) Huang sold 4,888 shares of Yum China stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $48.10, for a total transaction of $235,112.80. Following the completion of the transaction, the insider directly owned 22,510 shares in the company, valued at $1,082,731. This trade represents a 17.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,242 shares of company stock worth $878,397 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Yum China in a research note on Wednesday, October 8th. CLSA reaffirmed an “outperform” rating and set a $55.00 price target on shares of Yum China in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Yum China has a consensus rating of “Buy” and an average target price of $55.00.

About Yum China

Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.