Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by Price T Rowe Associates Inc. MD
by Teresa Graham · The Cerbat GemPrice T Rowe Associates Inc. MD reduced its position in shares of Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,146,535 shares of the company’s stock after selling 35,384 shares during the period. Price T Rowe Associates Inc. MD owned 2.94% of Yum China worth $536,930,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in YUMC. William Blair Investment Management LLC purchased a new stake in shares of Yum China during the fourth quarter worth approximately $243,901,000. FMR LLC raised its position in shares of Yum China by 138.5% in the fourth quarter. FMR LLC now owns 8,558,050 shares of the company’s stock valued at $412,241,000 after buying an additional 4,969,073 shares during the last quarter. Mawer Investment Management Ltd. purchased a new position in shares of Yum China in the fourth quarter worth about $203,179,000. Norges Bank purchased a new stake in Yum China during the 4th quarter valued at about $199,722,000. Finally, Bank of New York Mellon Corp grew its stake in Yum China by 399.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,727,549 shares of the company’s stock valued at $179,556,000 after acquiring an additional 2,980,589 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.
Yum China Trading Down 0.9 %
YUMC opened at $46.39 on Friday. The business’s 50 day moving average price is $48.50 and its 200 day moving average price is $47.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.29. The stock has a market capitalization of $17.40 billion, a PE ratio of 19.91, a P/E/G ratio of 1.72 and a beta of 0.32. Yum China Holdings, Inc. has a one year low of $28.50 and a one year high of $53.99.
Yum China (NYSE:YUMC – Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Yum China had a return on equity of 13.83% and a net margin of 8.06%. As a group, equities research analysts expect that Yum China Holdings, Inc. will post 2.54 EPS for the current year.
Yum China Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a $0.24 dividend. This is a positive change from Yum China’s previous quarterly dividend of $0.16. This represents a $0.96 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Thursday, March 6th. Yum China’s dividend payout ratio is currently 41.20%.
Insider Buying and Selling
In other news, CEO Joey Wat sold 37,252 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $49.71, for a total transaction of $1,851,796.92. Following the sale, the chief executive officer now owns 382,657 shares of the company’s stock, valued at approximately $19,021,879.47. This represents a 8.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff Kuai sold 3,900 shares of Yum China stock in a transaction that occurred on Monday, February 17th. The shares were sold at an average price of $48.21, for a total transaction of $188,019.00. Following the completion of the transaction, the insider now owns 56,602 shares of the company’s stock, valued at $2,728,782.42. This trade represents a 6.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,152 shares of company stock valued at $2,242,176. Company insiders own 0.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on YUMC shares. StockNews.com cut Yum China from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Daiwa America raised Yum China to a “strong-buy” rating in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $48.70.
Get Our Latest Analysis on Yum China
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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