XTX Topco Ltd Buys 44,935 Shares of Yum China $YUMC

XTX Topco Ltd increased its stake in Yum China (NYSE:YUMC) by 1,033.9% in the 2nd quarter, Holdings Channel reports. The firm owned 49,281 shares of the company’s stock after purchasing an additional 44,935 shares during the period. XTX Topco Ltd’s holdings in Yum China were worth $2,203,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YUMC. JPMorgan Chase & Co. grew its stake in Yum China by 29.7% in the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company’s stock valued at $1,248,709,000 after buying an additional 5,485,735 shares during the last quarter. US Bancorp DE boosted its holdings in Yum China by 21.7% during the second quarter. US Bancorp DE now owns 32,088 shares of the company’s stock valued at $1,435,000 after acquiring an additional 5,723 shares during the period. Northern Trust Corp grew its position in shares of Yum China by 9.0% in the first quarter. Northern Trust Corp now owns 2,076,822 shares of the company’s stock valued at $108,119,000 after purchasing an additional 171,643 shares during the last quarter. Soros Capital Management LLC acquired a new stake in shares of Yum China in the first quarter valued at about $14,681,000. Finally, Oak Harvest Investment Services bought a new position in shares of Yum China in the first quarter worth about $9,206,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on YUMC. CLSA reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Yum China in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Yum China in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $55.00.

Yum China Price Performance

Shares of YUMC stock opened at $48.28 on Thursday. Yum China has a 12 month low of $41.00 and a 12 month high of $53.99. The company has a market capitalization of $17.45 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.63 and a beta of 0.18. The stock has a 50 day moving average of $44.44 and a two-hundred day moving average of $44.86. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Yum China had a return on equity of 14.13% and a net margin of 8.04%.Yum China’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 earnings per share. As a group, equities analysts expect that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. Yum China’s payout ratio is presently 39.83%.

Insider Transactions at Yum China

In other Yum China news, insider Jeff Kuai sold 5,167 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $48.00, for a total transaction of $248,016.00. Following the completion of the transaction, the insider directly owned 56,602 shares in the company, valued at $2,716,896. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Warton Wang sold 8,187 shares of Yum China stock in a transaction on Monday, November 24th. The shares were sold at an average price of $48.28, for a total value of $395,268.36. Following the transaction, the insider directly owned 46,847 shares of the company’s stock, valued at approximately $2,261,773.16. The trade was a 14.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,242 shares of company stock valued at $878,397. Corporate insiders own 0.40% 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.