PFG Investments LLC raised its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,969 shares of the company’s stock after buying an additional 557 shares during the period. PFG Investments LLC’s holdings in Yum China were worth $384,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in Yum China by 43.9% during the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 258 shares during the last quarter. McClarren Financial Advisors Inc. grew its stake in shares of Yum China by 906.5% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock valued at $42,000 after buying an additional 834 shares in the last quarter. Concord Wealth Partners increased its holdings in Yum China by 56.9% in the third quarter. Concord Wealth Partners now owns 1,571 shares of the company’s stock worth $71,000 after buying an additional 570 shares during the last quarter. Eastern Bank bought a new position in Yum China during the third quarter valued at approximately $103,000. Finally, Prospera Private Wealth LLC acquired a new stake in Yum China in the third quarter valued at approximately $110,000. 85.58% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Yum China
In other 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 transaction of $302,716.19. Following the transaction, the insider now owns 16,641 shares in the company, valued at approximately $789,948.27. The trade was a 27.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.
Yum China Price Performance
Yum China (NYSE:YUMC – Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. On average, sell-side analysts expect that Yum China Holdings, Inc. will post 2.33 earnings per share for the current year.
Yum China Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.34%. The ex-dividend date was Tuesday, November 26th. Yum China’s dividend payout ratio is currently 28.32%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on YUMC shares. JPMorgan Chase & Co. upgraded shares of Yum China from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $35.50 to $60.00 in a research note on Tuesday, November 5th. StockNews.com downgraded shares of Yum China from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. One research analyst has 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 data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $49.57.
Read Our Latest Report on YUMC
Yum China 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.
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