River & Mercantile Asset Management LLP raised its position in Yum China Holdings Inc (NYSE:YUMC) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,320 shares of the company’s stock after purchasing an additional 10,031 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Yum China were worth $4,470,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. AIA Investment Management Private Ltd purchased a new position in Yum China in the third quarter valued at about $8,966,000. Fullerton Fund Management Co Ltd acquired a new stake in shares of Yum China in the third quarter worth about $2,237,000. Highbridge Capital Management LLC acquired a new stake in shares of Yum China in the third quarter worth about $1,457,000. Renaissance Technologies LLC lifted its position in shares of Yum China by 105.6% in the third quarter. Renaissance Technologies LLC now owns 727,550 shares of the company’s stock worth $25,544,000 after buying an additional 373,750 shares during the last quarter. Finally, InterOcean Capital LLC lifted its position in shares of Yum China by 880.3% in the third quarter. InterOcean Capital LLC now owns 102,222 shares of the company’s stock worth $3,589,000 after buying an additional 91,794 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
In related news, insider Ted Lee sold 3,795 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $36.26, for a total transaction of $137,606.70. Following the completion of the transaction, the insider now owns 1,863 shares of the company’s stock, valued at approximately $67,552.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Riu Sun sold 8,405 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $36.50, for a total value of $306,782.50. Following the transaction, the insider now directly owns 9,942 shares of the company’s stock, valued at approximately $362,883. The disclosure for this sale can be found here. Insiders have sold a total of 20,591 shares of company stock valued at $756,954 in the last three months. 0.37% of the stock is owned by insiders.
Yum China (NYSE:YUMC) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Yum China had a return on equity of 20.73% and a net margin of 6.23%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts predict that Yum China Holdings Inc will post 1.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Yum China’s previous quarterly dividend of $0.10. Yum China’s payout ratio is currently 33.80%.
YUMC has been the subject of a number of analyst reports. Oppenheimer cut Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 price target for the company. in a research report on Friday, August 17th. Bank of America raised Yum China from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $35.00 in a research report on Wednesday, October 31st. UBS Group cut Yum China from an “outperform” rating to a “market perform” rating in a research report on Friday, August 17th. Finally, Zacks Investment Research reaffirmed a “hold” rating on shares of Yum China in a research report on Saturday, November 17th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Yum China currently has an average rating of “Hold” and an average target price of $42.75.
Yum China Profile
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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