Eagle Bay Advisors LLC Has $34,000 Stock Position in Yum China Holdings, Inc. (NYSE:YUMC)

Eagle Bay Advisors LLC cut its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 30.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 760 shares of the company’s stock after selling 328 shares during the period. Eagle Bay Advisors LLC’s holdings in Yum China were worth $34,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of YUMC. Private Advisor Group LLC raised its holdings in Yum China by 4.5% in the 3rd quarter. Private Advisor Group LLC now owns 13,893 shares of the company’s stock valued at $625,000 after acquiring an additional 597 shares in the last quarter. Pictet North America Advisors SA increased its position in shares of Yum China by 35.5% in the third quarter. Pictet North America Advisors SA now owns 507,658 shares of the company’s stock worth $22,785,000 after purchasing an additional 132,977 shares during the period. Eastern Bank acquired a new position in Yum China in the third quarter valued at about $103,000. Sequoia Financial Advisors LLC lifted its position in Yum China by 12.9% during the third quarter. Sequoia Financial Advisors LLC now owns 14,008 shares of the company’s stock worth $631,000 after purchasing an additional 1,597 shares during the period. Finally, Carrhae Capital LLP bought a new stake in Yum China during the third quarter worth about $21,173,000. 85.58% of the stock is owned by institutional investors.

Yum China Price Performance

Shares of YUMC stock traded down $0.09 on Wednesday, reaching $43.53. The company had a trading volume of 1,073,208 shares, compared to its average volume of 3,250,265. The stock has a market capitalization of $16.96 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.63 and a beta of 0.35. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average is $38.92 and its 200 day moving average is $36.05. Yum China Holdings, Inc. has a one year low of $28.50 and a one year high of $53.83.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. Yum China had a return on equity of 12.41% and a net margin of 7.61%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the company earned $0.47 EPS. Yum China’s revenue was up .9% compared to the same quarter last year. Equities research analysts forecast that Yum China Holdings, Inc. will post 2.22 EPS for the current fiscal year.

Yum China Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum China’s dividend payout ratio (DPR) is currently 32.16%.

Insider Activity

In other Yum China news, insider Jeff Kuai purchased 3,900 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average price of $32.72 per share, with a total value of $127,608.00. Following the completion of the purchase, the insider now owns 3,900 shares of the company’s stock, valued at approximately $127,608. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Joey Wat bought 3,800 shares of Yum China stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $33.98 per share, for a total transaction of $129,124.00. Following the completion of the acquisition, the chief executive officer now directly owns 272,944 shares of the company’s stock, valued at approximately $9,274,637.12. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeff Kuai bought 3,900 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $32.72 per share, with a total value of $127,608.00. Following the transaction, the insider now directly owns 3,900 shares in the company, valued at approximately $127,608. The disclosure for this purchase can be found here. Insiders bought 18,400 shares of company stock valued at $619,671 over the last quarter. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $37.40 in a research report on Tuesday, August 6th. Citigroup upgraded shares of Yum China to a “strong-buy” rating in a research report on Monday, September 30th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.18.

Yum China Company Profile

Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.