Procyon Advisors LLC Raises Stock Position in Yum China Holdings, Inc. (NYSE:YUMC)

Procyon Advisors LLC grew its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,544 shares of the company’s stock after acquiring an additional 538 shares during the period. Procyon Advisors LLC’s holdings in Yum China were worth $701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in Yum China by 43.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 258 shares in the last quarter. McClarren Financial Advisors Inc. grew its stake in Yum China by 906.5% during the third quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock valued at $42,000 after acquiring an additional 834 shares in the last quarter. Concord Wealth Partners increased its holdings in Yum China by 56.9% in the 3rd quarter. Concord Wealth Partners now owns 1,571 shares of the company’s stock valued at $71,000 after acquiring an additional 570 shares during the last quarter. Eastern Bank purchased a new stake in Yum China in the 3rd quarter worth $103,000. Finally, Prospera Private Wealth LLC bought a new position in shares of Yum China during the 3rd quarter valued at about $110,000. Institutional investors own 85.58% of the company’s stock.

Yum China Price Performance

Shares of Yum China stock opened at $44.64 on Friday. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.26 and a beta of 0.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.29. The stock has a 50 day moving average price of $47.21 and a 200-day moving average price of $40.86. Yum China Holdings, Inc. has a one year low of $28.50 and a one year high of $52.00.

Yum China (NYSE:YUMC) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.77 EPS 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 company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. Yum China’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts expect that Yum China Holdings, Inc. will post 2.33 EPS for the current year.

Yum China Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, November 26th. Yum China’s dividend payout ratio (DPR) is currently 28.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup upgraded Yum China to a “strong-buy” rating in a research report on Monday, September 30th. StockNews.com upgraded Yum China from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. Finally, JPMorgan Chase & Co. upgraded shares of Yum China from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $35.50 to $60.00 in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $49.57.

Insiders Place Their Bets

In other Yum China news, insider Duoduo (Howard) Huang sold 6,377 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $47.47, for a total value of $302,716.19. Following the sale, the insider now owns 16,641 shares in the company, valued at $789,948.27. This trade represents a 27.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by insiders.

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.