Oppenheimer Asset Management Inc. reduced its holdings in Yum China Holdings, Inc. (NYSE:YUMC – Get Rating) by 15.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,587 shares of the company’s stock after selling 1,433 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Yum China were worth $359,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Mitchell Mcleod Pugh & Williams Inc. increased its stake in Yum China by 1.6% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 18,103 shares of the company’s stock worth $857,000 after acquiring an additional 289 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Yum China by 2.2% in the 1st quarter. Guggenheim Capital LLC now owns 13,548 shares of the company’s stock worth $563,000 after purchasing an additional 292 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Yum China by 0.6% in the 3rd quarter. US Bancorp DE now owns 46,657 shares of the company’s stock worth $2,207,000 after purchasing an additional 301 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Yum China by 0.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 39,717 shares of the company’s stock worth $1,880,000 after purchasing an additional 325 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Yum China by 41.7% in the 1st quarter. Covestor Ltd now owns 1,151 shares of the company’s stock worth $48,000 after purchasing an additional 339 shares in the last quarter. 78.89% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Yum China news, CEO Joey Wat sold 12,018 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $62.02, for a total value of $745,356.36. Following the completion of the sale, the chief executive officer now owns 261,905 shares in the company, valued at approximately $16,243,348.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.
Yum China Trading Down 3.1 %
Yum China (NYSE:YUMC – Get Rating) last issued its earnings results on Tuesday, February 7th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Yum China had a net margin of 4.62% and a return on equity of 6.04%. The company’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 earnings per share. As a group, sell-side analysts anticipate that Yum China Holdings, Inc. will post 1.79 earnings per share for the current year.
Yum China Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 28th. Investors of record on Tuesday, March 7th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 6th. This is a boost from Yum China’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.89%. Yum China’s dividend payout ratio is currently 45.71%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. TheStreet cut Yum China from a “b” rating to a “c+” rating in a report on Tuesday, February 7th. Jefferies Financial Group cut Yum China from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. Finally, StockNews.com cut Yum China from a “buy” rating to a “hold” rating in a report on Tuesday.
Yum China Profile
Yum China Holdings, Inc engages in the operation and management of restaurants and fast food chains. It operates through the following segments: Kentucky Fried Chicken (KFC), Pizza Hut, and All Other Segments. The KFC segment operates restaurant chain. The Pizza Hut segment covers the Pizza Hut casual dining and Pizza Hut home service.
Read More
- Get a free copy of the StockNews.com research report on Yum China (YUMC)
- Carvana Skidding On Revenue Decrease, Heavy Debt Burden
- What Are Consumer Staples Stocks?
- Is Rocky Brands Dividend A Good Fit For Your Portfolio?
- Beyond Meat Stock Is Not Beyond Hope
- Analysts Holding As Pfizer Waits On Two Phase 3 Studies
Want to see what other hedge funds are holding YUMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum China Holdings, Inc. (NYSE:YUMC – Get Rating).
Receive News & Ratings for Yum China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum China and related companies with MarketBeat.com's FREE daily email newsletter.
