ETRADE Capital Management LLC raised its position in shares of Yum China Holdings Inc (NYSE:YUMC) by 49.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,590 shares of the company’s stock after acquiring an additional 3,498 shares during the quarter. ETRADE Capital Management LLC’s holdings in Yum China were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. MML Investors Services LLC lifted its position in shares of Yum China by 10.4% during the fourth quarter. MML Investors Services LLC now owns 14,121 shares of the company’s stock worth $565,000 after acquiring an additional 1,333 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Yum China during the fourth quarter worth $11,786,000. AXA purchased a new stake in shares of Yum China during the fourth quarter worth $14,833,000. Alliancebernstein L.P. lifted its position in shares of Yum China by 52.5% during the fourth quarter. Alliancebernstein L.P. now owns 339,408 shares of the company’s stock worth $13,583,000 after acquiring an additional 116,910 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in shares of Yum China by 172.9% during the fourth quarter. WINTON GROUP Ltd now owns 221,051 shares of the company’s stock worth $8,846,000 after acquiring an additional 140,056 shares in the last quarter. 80.19% of the stock is owned by institutional investors and hedge funds.
In related news, insider Danny Tan sold 3,610 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $44.50, for a total value of $160,645.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Riu Sun sold 10,054 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $40.15, for a total value of $403,668.10. Following the sale, the insider now owns 17,622 shares in the company, valued at approximately $707,523.30. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
Yum China (NYSE:YUMC) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. Yum China had a return on equity of 20.59% and a net margin of 5.64%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the business posted $0.17 earnings per share. The firm’s revenue was up 12.6% compared to the same quarter last year. analysts expect that Yum China Holdings Inc will post 1.6 EPS for the current fiscal year.
The firm also recently disclosed a Not Available dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be given a $0.10 dividend. The ex-dividend date is Tuesday, February 27th. This represents a dividend yield of 0.00248200546041201%. Yum China’s dividend payout ratio (DPR) is presently 13.99%.
YUMC has been the topic of several recent research reports. Zacks Investment Research upgraded Yum China from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Macquarie initiated coverage on Yum China in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $55.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.28.
Yum China Profile
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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