Fort Washington Investment Advisors Inc. OH raised its position in Yum China Holdings Inc (NYSE:YUMC) by 52.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,756,715 shares of the company’s stock after buying an additional 605,370 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.46% of Yum China worth $58,903,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of YUMC. MAI Capital Management lifted its position in shares of Yum China by 2.6% during the fourth quarter. MAI Capital Management now owns 11,140 shares of the company’s stock worth $374,000 after purchasing an additional 280 shares during the last quarter. Hudock Capital Group LLC lifted its position in shares of Yum China by 29.2% during the fourth quarter. Hudock Capital Group LLC now owns 1,323 shares of the company’s stock worth $44,000 after purchasing an additional 299 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Yum China by 54.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,137 shares of the company’s stock worth $38,000 after purchasing an additional 401 shares during the last quarter. Fiduciary Trust Co. lifted its position in shares of Yum China by 4.2% during the fourth quarter. Fiduciary Trust Co. now owns 10,569 shares of the company’s stock worth $354,000 after purchasing an additional 425 shares during the last quarter. Finally, Comerica Securities Inc. lifted its position in shares of Yum China by 3.9% during the fourth quarter. Comerica Securities Inc. now owns 11,782 shares of the company’s stock worth $395,000 after purchasing an additional 444 shares during the last quarter. 76.28% of the stock is owned by institutional investors.
In related news, insider Ted Lee sold 3,795 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $36.26, for a total transaction of $137,606.70. Following the transaction, the insider now owns 1,863 shares in the company, valued at $67,552.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Danny Tan sold 7,502 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $41.00, for a total transaction of $307,582.00. Following the transaction, the insider now owns 30,538 shares in the company, valued at approximately $1,252,058. The disclosure for this sale can be found here. 0.37% of the stock is owned by company insiders.
Yum China (NYSE:YUMC) last announced its quarterly earnings results on Thursday, January 31st. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. Yum China had a net margin of 8.41% and a return on equity of 19.39%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. Sell-side analysts predict that Yum China Holdings Inc will post 1.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, February 28th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.19%. Yum China’s dividend payout ratio is presently 31.37%.
Several equities analysts have recently commented on YUMC shares. Zacks Investment Research raised shares of Yum China from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Bank of America raised shares of Yum China from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $34.00 to $35.00 in a report on Wednesday, October 31st. Finally, TheStreet raised shares of Yum China from a “c+” rating to a “b” rating in a report on Thursday, January 24th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.67.
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About Yum China
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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