Cambridge Investment Research Advisors Inc. lifted its position in shares of Yum China Holdings, Inc. (NYSE:YUMC – Get Rating) by 29.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,824 shares of the company’s stock after purchasing an additional 6,569 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Yum China were worth $1,575,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Financial Solutions LLC acquired a new stake in shares of Yum China during the fourth quarter worth about $26,000. RFP Financial Group LLC acquired a new position in Yum China in the 4th quarter valued at about $27,000. Harbor Investment Advisory LLC increased its position in Yum China by 156.5% in the 3rd quarter. Harbor Investment Advisory LLC now owns 590 shares of the company’s stock valued at $28,000 after acquiring an additional 360 shares during the period. Accurate Wealth Management LLC acquired a new position in Yum China in the 4th quarter valued at about $29,000. Finally, Eagle Bay Advisors LLC increased its position in Yum China by 168.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 544 shares of the company’s stock valued at $30,000 after acquiring an additional 341 shares during the period. Institutional investors and hedge funds own 78.89% of the company’s stock.
Insider Transactions at Yum China
In other news, CEO Joey Wat sold 12,018 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $62.02, for a total transaction of $745,356.36. Following the sale, the chief executive officer now owns 261,905 shares of the company’s stock, valued at approximately $16,243,348.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Joey Wat sold 12,018 shares of the company’s 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 sale, the chief executive officer now owns 261,905 shares of the company’s stock, valued at approximately $16,243,348.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Johnson Huang sold 10,707 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $62.00, for a total value of $663,834.00. Following the completion of the sale, the insider now directly owns 53,268 shares in the company, valued at approximately $3,302,616. The disclosure for this sale can be found here. Insiders have sold 1,179,041 shares of company stock valued at $73,434,579 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.
Yum China Stock Performance
Yum China (NYSE:YUMC – Get Rating) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.43 by $0.26. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.77 billion. Yum China had a return on equity of 8.77% and a net margin of 6.43%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 EPS. Research analysts expect that Yum China Holdings, Inc. will post 1.95 EPS for the current year.
Yum China Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, May 30th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, May 26th. Yum China’s dividend payout ratio (DPR) is 34.67%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on YUMC shares. Jefferies Financial Group cut Yum China from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. StockNews.com started coverage on Yum China in a research report on Thursday. They issued a “buy” rating on the stock. OTR Global upgraded Yum China from a “mixed” rating to a “positive” rating in a research report on Wednesday, April 12th. Finally, TheStreet upgraded Yum China from a “c+” rating to a “b” rating in a research report on Tuesday, May 2nd.
Yum China Company 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.
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