Capital Advisors Inc. OK cut its holdings in Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,628 shares of the company’s stock after selling 1,082 shares during the period. Capital Advisors Inc. OK’s holdings in Yum China were worth $897,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of YUMC. Valeo Financial Advisors LLC acquired a new stake in Yum China in the third quarter valued at $217,000. Procyon Advisors LLC raised its stake in Yum China by 17.7% in the third quarter. Procyon Advisors LLC now owns 14,006 shares of the company’s stock valued at $631,000 after buying an additional 2,110 shares in the last quarter. Grove Bank & Trust raised its stake in Yum China by 64.3% in the third quarter. Grove Bank & Trust now owns 2,466 shares of the company’s stock valued at $111,000 after buying an additional 965 shares in the last quarter. Applied Capital LLC FL purchased a new position in shares of Yum China during the third quarter worth about $779,000. Finally, Ironwood Financial llc purchased a new position in shares of Yum China during the third quarter worth about $201,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.
Yum China Trading Down 1.3 %
NYSE:YUMC opened at $47.43 on Wednesday. The company has a market capitalization of $18.01 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.50 and a beta of 0.33. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a 52-week low of $28.50 and a 52-week high of $52.00. The stock has a fifty day simple moving average of $46.87 and a 200-day simple moving average of $42.66.
Yum China Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.24 dividend. This is an increase from Yum China’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, March 6th. This represents a $0.96 annualized dividend and a yield of 2.02%. Yum China’s payout ratio is presently 27.47%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. StockNews.com lowered Yum China from a “buy” rating to a “hold” rating in a report on Sunday. JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $35.50 to $60.00 in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $49.57.
Get Our Latest Research Report on YUMC
Insider Activity at Yum China
In related news, insider Duoduo (Howard) Huang sold 6,377 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $47.47, for a total value of $302,716.19. Following the completion of the transaction, the insider now owns 16,641 shares of the company’s stock, valued at approximately $789,948.27. The trade was a 27.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate 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.
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