Janus Henderson Group PLC trimmed its holdings in shares of Yum China Holdings Inc (NYSE:YUMC) by 41.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 484,980 shares of the company’s stock after selling 345,553 shares during the quarter. Janus Henderson Group PLC’s holdings in Yum China were worth $17,027,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Amussen Hunsaker Associates LLC purchased a new stake in shares of Yum China during the 2nd quarter valued at about $130,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Yum China during the 3rd quarter valued at about $192,000. Cerebellum GP LLC purchased a new stake in shares of Yum China during the 3rd quarter valued at about $197,000. CenterStar Asset Management LLC purchased a new stake in shares of Yum China during the 3rd quarter valued at about $202,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Yum China by 895.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,261 shares of the company’s stock valued at $240,000 after buying an additional 5,632 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
Yum China stock opened at $34.98 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.49 and a current ratio of 1.72. Yum China Holdings Inc has a 1-year low of $30.10 and a 1-year high of $48.75. The stock has a market capitalization of $13.50 billion, a P/E ratio of 24.63, a PEG ratio of 1.63 and a beta of 0.55.
Yum China (NYSE:YUMC) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. Yum China had a net margin of 6.23% and a return on equity of 20.73%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts expect that Yum China Holdings Inc will post 1.51 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be given a $0.12 dividend. This is a positive change from Yum China’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Monday, November 26th. Yum China’s dividend payout ratio is 33.80%.
In related news, insider Ted Lee sold 3,795 shares of the stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $36.26, for a total value of $137,606.70. Following the sale, the insider now directly owns 1,863 shares of the company’s stock, valued at approximately $67,552.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Riu Sun sold 8,405 shares of the stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $36.50, for a total transaction of $306,782.50. Following the completion of the sale, the insider now directly owns 9,942 shares in the company, valued at $362,883. The disclosure for this sale can be found here. Insiders sold a total of 20,591 shares of company stock worth $756,954 over the last three months. 0.37% of the stock is currently owned by corporate insiders.
Several analysts have recently issued reports on YUMC shares. Zacks Investment Research upgraded shares of Yum China from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. UBS Group cut shares of Yum China from an “outperform” rating to a “market perform” rating in a research report on Friday, August 17th. Bank of America upgraded shares of Yum China from an “underperform” rating to a “neutral” rating and upped their target price for the company from $34.00 to $35.00 in a research report on Wednesday, October 31st. Finally, Oppenheimer cut shares of Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a research report on Friday, August 17th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $42.75.
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, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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