ARGI Investment Services LLC cut its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,298 shares of the company’s stock after selling 327 shares during the period. ARGI Investment Services LLC’s holdings in Yum China were worth $2,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently modified their holdings of the business. Albion Financial Group UT acquired a new position in shares of Yum China in the second quarter worth about $28,000. JFS Wealth Advisors LLC acquired a new position in shares of Yum China in the third quarter worth about $27,000. Tradewinds Capital Management LLC raised its position in shares of Yum China by 152.3% in the third quarter. Tradewinds Capital Management LLC now owns 671 shares of the company’s stock worth $39,000 after acquiring an additional 405 shares during the period. AdvisorNet Financial Inc raised its position in shares of Yum China by 27.6% in the third quarter. AdvisorNet Financial Inc now owns 924 shares of the company’s stock worth $54,000 after acquiring an additional 200 shares during the period. Finally, Samalin Investment Counsel LLC acquired a new position in shares of Yum China in the second quarter worth about $62,000. Institutional investors and hedge funds own 78.93% of the company’s stock.
In related news, insider Aiken Yuen sold 1,480 shares of the company’s stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of $54.99, for a total transaction of $81,385.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by corporate insiders.
Yum China (NYSE:YUMC) last announced its quarterly earnings data on Wednesday, October 27th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.04). Yum China had a net margin of 6.78% and a return on equity of 9.95%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the company posted $0.66 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. On average, research analysts anticipate that Yum China Holdings, Inc. will post 1.45 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 16th. Investors of record on Wednesday, November 24th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, November 23rd. This represents a $0.48 annualized dividend and a yield of 1.03%. Yum China’s dividend payout ratio is presently 31.17%.
A number of analysts have recently commented on YUMC shares. Zacks Investment Research raised shares of Yum China from a “sell” rating to a “hold” rating and set a $51.00 target price for the company in a research note on Wednesday, December 29th. TheStreet cut shares of Yum China from a “b” rating to a “c+” rating in a research note on Friday, November 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $74.10.
Yum China Profile
Yum China Holdings, Inc engages in the operation and management of restaurants and fast food chains. It operates through the following segments: Kentucky Fried Chicken (KFC), Pizza Hut, and All Other Segments. The KFC segment operates restaurant chain. The Pizza Hut segment covers the Pizza Hut casual dining and Pizza Hut home service.
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