Sanctuary Advisors LLC reduced its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,997 shares of the company’s stock after selling 2,661 shares during the quarter. Sanctuary Advisors LLC’s holdings in Yum China were worth $1,318,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of YUMC. Wealth Enhancement Advisory Services LLC lifted its position in shares of Yum China by 21.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 20,747 shares of the company’s stock worth $640,000 after buying an additional 3,672 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Yum China in the 2nd quarter valued at approximately $52,000. Raymond James Trust N.A. grew its holdings in shares of Yum China by 4.2% during the 2nd quarter. Raymond James Trust N.A. now owns 13,915 shares of the company’s stock valued at $429,000 after purchasing an additional 561 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in shares of Yum China by 53.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company’s stock valued at $34,000 after purchasing an additional 380 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Yum China by 18.9% during the 2nd quarter. Principal Financial Group Inc. now owns 5,256,309 shares of the company’s stock worth $162,135,000 after purchasing an additional 836,194 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.
Insider Activity at Yum China
In related news, insider Duoduo (Howard) Huang sold 6,377 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $47.47, for a total value of $302,716.19. Following the transaction, the insider now owns 16,641 shares in the company, valued at $789,948.27. The trade was a 27.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.
Yum China Trading Down 0.8 %
Yum China (NYSE:YUMC – Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the business posted $0.59 earnings per share. Yum China’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts forecast that Yum China Holdings, Inc. will post 2.33 EPS for the current year.
Yum China Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, November 26th. Yum China’s dividend payout ratio is currently 28.32%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on YUMC. Citigroup raised shares of Yum China to a “strong-buy” rating in a research note on Monday, September 30th. StockNews.com raised Yum China from a “hold” rating to a “buy” rating in a report on Saturday. Finally, JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Yum China has a consensus rating of “Buy” and a consensus target price of $49.57.
Check Out Our Latest Report on Yum China
About Yum China
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.
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