Bradley Foster & Sargent Inc. CT purchased a new position in Yum China Holdings Inc (NYSE:YUMC) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,376 shares of the company’s stock, valued at approximately $286,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Morgan Stanley grew its position in Yum China by 9.4% in the third quarter. Morgan Stanley now owns 1,430,497 shares of the company’s stock worth $50,224,000 after acquiring an additional 122,857 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Yum China during the 3rd quarter worth $106,000. Great Lakes Advisors LLC bought a new stake in shares of Yum China during the 3rd quarter worth $258,000. Cerebellum GP LLC boosted its holdings in shares of Yum China by 41.7% during the 4th quarter. Cerebellum GP LLC now owns 7,948 shares of the company’s stock worth $266,000 after buying an additional 2,337 shares during the period. Finally, YHB Investment Advisors Inc. boosted its holdings in shares of Yum China by 1.1% during the 4th quarter. YHB Investment Advisors Inc. now owns 71,298 shares of the company’s stock worth $2,391,000 after buying an additional 785 shares during the period. Institutional investors and hedge funds own 76.57% of the company’s stock.
NYSE YUMC opened at $45.96 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.56 and a debt-to-equity ratio of 0.01. The firm has a market cap of $17.54 billion, a P/E ratio of 30.04, a PEG ratio of 2.89 and a beta of 0.81. Yum China Holdings Inc has a 1 year low of $30.10 and a 1 year high of $48.27.
Yum China (NYSE:YUMC) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. Yum China had a net margin of 7.55% and a return on equity of 20.38%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the firm earned $0.53 EPS. The business’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts expect that Yum China Holdings Inc will post 1.68 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, May 24th. Yum China’s dividend payout ratio (DPR) is presently 31.37%.
In other Yum China news, insider Angela Ai sold 15,253 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $41.28, for a total value of $629,643.84. Following the completion of the sale, the insider now directly owns 31,485 shares of the company’s stock, valued at approximately $1,299,700.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alice H. Wang sold 4,238 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $41.98, for a total transaction of $177,911.24. Following the completion of the sale, the insider now directly owns 15,500 shares of the company’s stock, valued at $650,690. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,927 shares of company stock valued at $2,311,728. Insiders own 0.44% of the company’s stock.
YUMC has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Yum China from $36.50 to $48.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Goldman Sachs Group raised shares of Yum China from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $43.00 to $54.00 in a report on Wednesday, April 17th. OTR Global raised shares of Yum China to a “positive” rating in a report on Thursday, April 11th. Bank of America raised shares of Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price objective for the company in a report on Tuesday, April 30th. Finally, Zacks Investment Research raised shares of Yum China from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Yum China has an average rating of “Buy” and a consensus target price of $47.88.
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About Yum China
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.
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