Westwood Holdings Group Inc. lifted its holdings in shares of Yum China Holdings Inc (NYSE:YUMC) by 163.1% during the first quarter, Holdings Channel reports. The fund owned 68,886 shares of the company’s stock after purchasing an additional 42,700 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Yum China were worth $3,094,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BOKF NA grew its position in shares of Yum China by 4.7% during the fourth quarter. BOKF NA now owns 5,972 shares of the company’s stock worth $201,000 after acquiring an additional 270 shares during the last quarter. Boyd Watterson Asset Management LLC OH grew its position in shares of Yum China by 1.0% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 26,990 shares of the company’s stock worth $1,212,000 after acquiring an additional 270 shares during the last quarter. Wetherby Asset Management Inc. grew its position in shares of Yum China by 3.8% during the first quarter. Wetherby Asset Management Inc. now owns 8,148 shares of the company’s stock worth $366,000 after acquiring an additional 297 shares during the last quarter. FTB Advisors Inc. grew its position in shares of Yum China by 23.5% during the fourth quarter. FTB Advisors Inc. now owns 1,625 shares of the company’s stock worth $54,000 after acquiring an additional 309 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Yum China by 3.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,148 shares of the company’s stock worth $501,000 after acquiring an additional 322 shares during the last quarter. Institutional investors and hedge funds own 80.36% of the company’s stock.
In other Yum China news, CFO Jacky Wei-Jye Lo sold 1,724 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.00, for a total value of $77,580.00. Following the completion of the sale, the chief financial officer now 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 through this hyperlink. Also, insider Alice H. Wang sold 1,697 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $46.09, for a total value of $78,214.73. Following the completion of the sale, the insider now directly owns 10,120 shares of the company’s stock, valued at approximately $466,430.80. The disclosure for this sale can be found here. In the last three months, insiders sold 24,822 shares of company stock valued at $1,102,676. 0.44% of the stock is owned by corporate insiders.
NYSE:YUMC traded up $0.17 during midday trading on Friday, reaching $41.33. The stock had a trading volume of 53,976 shares, compared to its average volume of 3,216,687. Yum China Holdings Inc has a 12-month low of $30.10 and a 12-month high of $48.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.30 and a quick ratio of 1.13. The firm has a market cap of $15.58 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04.
Yum China (NYSE:YUMC) last released its earnings results on Monday, April 29th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. Yum China had a return on equity of 20.36% and a net margin of 7.55%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the company earned $0.53 earnings per share. Yum China’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts expect that Yum China Holdings Inc will post 1.67 earnings per share for the current fiscal year.
The firm also recently announced 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 1.16%. The ex-dividend date of this dividend is Friday, May 24th. Yum China’s dividend payout ratio (DPR) is currently 31.37%.
YUMC has been the topic of a number of research reports. OTR Global upgraded shares of Yum China to a “positive” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. lifted their price objective 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. Goldman Sachs Group upgraded shares of Yum China from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $43.00 to $54.00 in a research report on Wednesday, April 17th. Bank of America upgraded shares of Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price objective on the stock in a research report on Tuesday, April 30th. Finally, UBS Group lifted their price objective on shares of Yum China from $46.07 to $56.06 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $47.88.
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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.
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