Keystone Financial Services Invests $279,000 in Yum China Holdings, Inc. (NYSE:YUMC)

Keystone Financial Services bought a new stake in Yum China Holdings, Inc. (NYSE:YUMC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,193 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors and hedge funds have also bought and sold shares of YUMC. Farther Finance Advisors LLC lifted its stake in Yum China by 43.9% in the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock valued at $38,000 after acquiring an additional 258 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its holdings in Yum China by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 6,802 shares of the company’s stock worth $271,000 after purchasing an additional 286 shares during the period. Blair William & Co. IL increased its position in Yum China by 1.2% during the second quarter. Blair William & Co. IL now owns 25,639 shares of the company’s stock worth $791,000 after buying an additional 302 shares during the last quarter. Carmichael Hill & Associates Inc. raised its stake in Yum China by 12.1% in the second quarter. Carmichael Hill & Associates Inc. now owns 3,338 shares of the company’s stock valued at $103,000 after buying an additional 360 shares during the period. Finally, Eagle Bay Advisors LLC raised its stake in Yum China by 53.7% in the second quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company’s stock valued at $34,000 after buying an additional 380 shares during the period. Institutional investors own 85.58% of the company’s stock.

Analyst Ratings Changes

YUMC has been the subject of several research analyst reports. Citigroup upgraded Yum China to a “strong-buy” rating in a research note on Monday, September 30th. StockNews.com upgraded shares of Yum China from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $30.00 to $37.40 in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised shares of Yum China from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $51.68.

Yum China Stock Down 0.2 %

YUMC stock opened at $49.23 on Tuesday. Yum China Holdings, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $52.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.23 and a quick ratio of 1.09. The stock has a market capitalization of $18.92 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.76 and a beta of 0.36. The business’s fifty day moving average price is $42.53 and its two-hundred day moving average price is $36.89.

Yum China (NYSE:YUMC) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.09. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the company earned $0.59 EPS. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts anticipate that Yum China Holdings, Inc. will post 2.31 earnings per share for the current year.

Yum China Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a yield of 1.30%. Yum China’s dividend payout ratio (DPR) is presently 28.32%.

Insider Buying and Selling at Yum China

In other news, CEO Joey Wat acquired 3,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of $33.98 per share, with a total value of $129,124.00. Following the completion of the transaction, the chief executive officer now directly owns 272,944 shares of the company’s stock, valued at $9,274,637.12. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Yum China news, CTO Leila Zhang acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of $33.36 per share, for a total transaction of $133,440.00. Following the transaction, the chief technology officer now directly owns 41,339 shares in the company, valued at $1,379,069.04. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joey Wat bought 3,800 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of $33.98 per share, with a total value of $129,124.00. Following 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 disclosure for this purchase can be found here. Insiders purchased 14,500 shares of company stock valued at $492,063 in the last three months. Corporate insiders own 0.30% of the company’s stock.

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.