Raymond James & Associates lifted its stake in Yum China Holdings Inc (NYSE:YUMC) by 47.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 941,776 shares of the company’s stock after acquiring an additional 304,110 shares during the period. Raymond James & Associates’ holdings in Yum China were worth $42,295,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Yum China by 22.7% in the fourth quarter. BlackRock Inc. now owns 32,785,272 shares of the company’s stock worth $1,099,290,000 after purchasing an additional 6,066,549 shares during the last quarter. Matthews International Capital Management LLC increased its holdings in Yum China by 2.7% during the 1st quarter. Matthews International Capital Management LLC now owns 5,033,610 shares of the company’s stock valued at $226,059,000 after acquiring an additional 130,900 shares in the last quarter. Norges Bank purchased a new position in Yum China during the 4th quarter valued at about $120,412,000. FMR LLC increased its holdings in Yum China by 3.6% during the 4th quarter. FMR LLC now owns 2,765,286 shares of the company’s stock valued at $92,720,000 after acquiring an additional 96,014 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Yum China by 17.1% during the 4th quarter. Legal & General Group Plc now owns 2,495,679 shares of the company’s stock valued at $83,680,000 after acquiring an additional 363,687 shares in the last quarter. 78.20% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Jacky Wei-Jye Lo sold 1,724 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $45.00, for a total transaction of $77,580.00. Following the transaction, the chief financial officer now directly owns 9,008 shares of the company’s stock, valued at $405,360. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alice H. Wang sold 1,697 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $46.09, for a total transaction of $78,214.73. Following the transaction, the insider now directly owns 10,120 shares in the company, valued at $466,430.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,428 shares of company stock worth $1,590,043. Corporate insiders own 0.44% of the company’s stock.
Yum China (NYSE:YUMC) last posted its earnings results on Monday, April 29th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Yum China had a net margin of 7.55% and a return on equity of 20.36%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Yum China Holdings Inc will post 1.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.12%. Yum China’s payout ratio is currently 31.37%.
Several equities research analysts recently issued reports on YUMC shares. Zacks Investment Research cut shares of Yum China from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. OTR Global raised shares of Yum China to a “positive” rating in a research report on Thursday, April 11th. TheStreet raised shares of Yum China from a “c+” rating to a “b” rating in a research report on Thursday, January 24th. JPMorgan Chase & Co. lifted their price target on shares of Yum China from $36.50 to $48.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. Finally, Bank of America raised shares of Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price target on the stock in a research report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $47.88.
Yum China Company 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, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
Featured Article: Channel Trading
Want to see what other hedge funds are holding YUMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum China Holdings Inc (NYSE:YUMC).
Receive News & Ratings for Yum China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum China and related companies with MarketBeat.com's FREE daily email newsletter.