Kingsview Wealth Management LLC Has $407,000 Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Posted by Defense World Staff on Jun 11th, 2023

Kingsview Wealth Management LLC boosted its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC – Get Rating) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,442 shares of the company’s stock after buying an additional 302 shares during the period. Kingsview Wealth Management LLC’s holdings in Yum China were worth $407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of YUMC. Retirement Financial Solutions LLC acquired a new position in shares of Yum China in the 4th quarter valued at about $26,000. RFP Financial Group LLC acquired a new position in Yum China in the fourth quarter worth approximately $27,000. Accurate Wealth Management LLC acquired a new position in Yum China in the fourth quarter worth approximately $29,000. Eagle Bay Advisors LLC increased its holdings in Yum China by 168.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 544 shares of the company’s stock worth $30,000 after buying an additional 341 shares during the last quarter. Finally, Delta Asset Management LLC TN acquired a new position in Yum China in the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 78.89% of the company’s stock.

Yum China Stock Up 0.1 %

Shares of Yum China stock opened at $59.72 on Friday. The stock has a market capitalization of $24.95 billion, a P/E ratio of 39.81, a PEG ratio of 1.51 and a beta of 0.54. The company has a quick ratio of 1.59, a current ratio of 1.77 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $60.99 and a two-hundred day moving average price of $59.56. Yum China Holdings, Inc. has a 12-month low of $38.47 and a 12-month high of $64.70.

Yum China (NYSE:YUMC – Get Rating) last announced its earnings results on Tuesday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.26. Yum China had a return on equity of 8.77% and a net margin of 6.43%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. Equities analysts expect that Yum China Holdings, Inc. will post 1.99 earnings per share for the current year.

Yum China Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, May 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.52 annualized dividend and a dividend yield of 0.87%. Yum China’s dividend payout ratio is 34.67%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TheStreet upgraded Yum China from a “c+” rating to a “b” rating in a report on Tuesday, May 2nd. OTR Global upgraded Yum China from a “mixed” rating to a “positive” rating in a report on Wednesday, April 12th. Finally, StockNews.com assumed coverage on Yum China in a research report on Thursday, May 18th. They set a “buy” rating for the company.

Insider Activity

In other news, Director William Wang Yang sold 1,136,016 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $62.31, for a total value of $70,785,156.96. Following the completion of the sale, the director now directly owns 13,035,635 shares of the company’s stock, valued at $812,250,416.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director William Wang Yang sold 1,136,016 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $62.31, for a total value of $70,785,156.96. Following the completion of the transaction, the director now directly owns 13,035,635 shares in the company, valued at $812,250,416.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joey Wat sold 2,800 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $61.94, for a total value of $173,432.00. Following the completion of the transaction, the chief executive officer now owns 256,723 shares of the company’s stock, valued at $15,901,422.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,156,316 shares of company stock valued at $72,025,389. 0.33% of the stock is owned by company insiders.

About Yum China

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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.