Eaton Vance Management grew its position in shares of Yum China Holdings Inc (NYSE:YUMC) by 160.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 395,013 shares of the company’s stock after purchasing an additional 243,307 shares during the quarter. Eaton Vance Management’s holdings in Yum China were worth $15,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Standard Life Aberdeen plc lifted its position in shares of Yum China by 13.3% during the 4th quarter. Standard Life Aberdeen plc now owns 31,015,455 shares of the company’s stock valued at $1,241,238,000 after buying an additional 3,638,955 shares during the last quarter. Matthews International Capital Management LLC lifted its position in shares of Yum China by 32.2% during the 4th quarter. Matthews International Capital Management LLC now owns 2,339,310 shares of the company’s stock valued at $93,619,000 after buying an additional 569,400 shares during the last quarter. OppenheimerFunds Inc. lifted its position in shares of Yum China by 45.6% during the 4th quarter. OppenheimerFunds Inc. now owns 410,914 shares of the company’s stock valued at $16,444,000 after buying an additional 128,646 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Yum China during the 2nd quarter valued at $267,000. Finally, Goelzer Investment Management Inc. purchased a new position in shares of Yum China during the 3rd quarter valued at $201,000. 80.18% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on YUMC. Macquarie began coverage on Yum China in a research note on Wednesday, January 3rd. They set an “outperform” rating and a $55.00 price objective on the stock. Zacks Investment Research upgraded Yum China from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Yum China presently has a consensus rating of “Buy” and a consensus target price of $44.28.
Yum China (NYSE:YUMC) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.15 billion. Yum China had a return on equity of 21.06% and a net margin of 5.64%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. research analysts anticipate that Yum China Holdings Inc will post 1.6 earnings per share for the current year.
The firm also recently announced a Not Available dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a yield of 0.00248200546041201%. Yum China’s dividend payout ratio is currently 6.99%.
In other Yum China news, insider Riu Sun sold 10,054 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $40.15, for a total value of $403,668.10. Following the transaction, the insider now directly owns 17,622 shares in the company, valued at approximately $707,523.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan S. Linen bought 4,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $39.76 per share, for a total transaction of $159,040.00. Following the completion of the purchase, the director now directly owns 41,236 shares in the company, valued at $1,639,543.36. The disclosure for this purchase can be found here. 0.23% of the stock is owned by corporate insiders.
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About Yum China
Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.
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