Millennium Management LLC Sells 6,876 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Millennium Management LLC decreased its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 841,606 shares of the company’s stock after selling 6,876 shares during the period. Millennium Management LLC owned about 0.22% of Yum China worth $25,999,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in YUMC. GUARDCAP ASSET MANAGEMENT Ltd raised its holdings in Yum China by 38.4% in the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 12,223,942 shares of the company’s stock valued at $486,391,000 after acquiring an additional 3,389,987 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Yum China by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,967,353 shares of the company’s stock valued at $369,073,000 after purchasing an additional 121,617 shares during the last quarter. FIL Ltd increased its stake in shares of Yum China by 8.3% during the fourth quarter. FIL Ltd now owns 7,584,264 shares of the company’s stock worth $322,139,000 after purchasing an additional 582,792 shares during the period. Principal Financial Group Inc. lifted its holdings in Yum China by 18.9% during the 2nd quarter. Principal Financial Group Inc. now owns 5,256,309 shares of the company’s stock worth $162,135,000 after purchasing an additional 836,194 shares during the last quarter. Finally, Mondrian Investment Partners LTD boosted its stake in Yum China by 56.3% in the 2nd quarter. Mondrian Investment Partners LTD now owns 4,394,628 shares of the company’s stock valued at $133,203,000 after purchasing an additional 1,582,859 shares during the period. 85.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on YUMC. Citigroup upgraded Yum China to a “strong-buy” rating in a research report on Monday. Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and lifted their price target for the company from $30.00 to $37.40 in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Yum China has a consensus rating of “Moderate Buy” and a consensus price target of $46.18.

Yum China Price Performance

YUMC stock opened at $49.24 on Friday. The company’s 50-day moving average price is $34.78 and its two-hundred day moving average price is $35.39. The firm has a market cap of $19.19 billion, a P/E ratio of 24.76, a P/E/G ratio of 1.86 and a beta of 0.34. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a 12 month low of $28.50 and a 12 month high of $56.15.

Yum China (NYSE:YUMC) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.47 by $0.08. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.76 billion. Yum China had a net margin of 7.61% and a return on equity of 12.41%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. On average, analysts anticipate that Yum China Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum China’s dividend payout ratio (DPR) is presently 32.16%.

Insider Buying and Selling

In other news, insider Jeff Kuai acquired 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $32.72 per share, with a total value of $127,608.00. Following the acquisition, the insider now directly owns 3,900 shares in the company, valued at approximately $127,608. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Yum China news, insider Jeff Kuai acquired 3,900 shares of Yum China stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $32.72 per share, with a total value of $127,608.00. Following the completion of the purchase, the insider now directly owns 3,900 shares in the company, valued at approximately $127,608. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Warton Wang purchased 3,700 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $34.67 per share, with a total value of $128,279.00. Following the purchase, the insider now owns 25,023 shares of the company’s stock, valued at approximately $867,547.41. The disclosure for this purchase can be found here. Insiders purchased a total of 18,400 shares of company stock worth $619,671 in the last three months. 0.30% of the stock is 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.