78,100 Shares in Yum China $YUMC Bought by Tidal Investments LLC

by · The Markets Daily

Tidal Investments LLC purchased a new position in shares of Yum China (NYSE:YUMCFree Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 78,100 shares of the company’s stock, valued at approximately $3,192,000.

Several other hedge funds have also recently modified their holdings of YUMC. Glenview Trust Co increased its stake in Yum China by 4.3% during the 4th quarter. Glenview Trust Co now owns 4,904 shares of the company’s stock worth $234,000 after buying an additional 200 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Yum China by 7.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,071 shares of the company’s stock valued at $242,000 after acquiring an additional 331 shares in the last quarter. Eastern Bank boosted its stake in shares of Yum China by 12.6% in the second quarter. Eastern Bank now owns 2,984 shares of the company’s stock worth $122,000 after acquiring an additional 335 shares during the last quarter. Frank Rimerman Advisors LLC boosted its stake in shares of Yum China by 7.8% in the first quarter. Frank Rimerman Advisors LLC now owns 6,085 shares of the company’s stock worth $297,000 after acquiring an additional 441 shares during the last quarter. Finally, Lido Advisors LLC increased its position in shares of Yum China by 6.7% during the first quarter. Lido Advisors LLC now owns 7,214 shares of the company’s stock worth $352,000 after purchasing an additional 451 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Insider Buying and Selling at Yum China

In other Yum China news, insider Jeff Kuai sold 14,586 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $47.72, for a total value of $696,043.92. Following the completion of the sale, the insider directly owned 63,541 shares in the company, valued at $3,032,176.52. This represents a 18.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Duoduo (Howard) Huang sold 24,096 shares of Yum China stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $47.08, for a total value of $1,134,439.68. Following the transaction, the insider owned 7,589 shares in the company, valued at approximately $357,290.12. This represents a 76.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.44% of the stock is owned by corporate insiders.

Yum China Trading Down 2.7%

YUMC opened at $41.66 on Wednesday. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.13 and a beta of 0.08. The company’s 50 day simple moving average is $45.34 and its two-hundred day simple moving average is $46.55. Yum China has a 1-year low of $40.15 and a 1-year high of $58.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.96 and a quick ratio of 0.78.

Yum China (NYSE:YUMCGet Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Yum China had a return on equity of 15.82% and a net margin of 7.84%.The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the business earned $0.58 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that Yum China will post 2.95 EPS for the current fiscal year.

Yum China Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.16 dividend on an annualized basis and a yield of 2.8%. Yum China’s payout ratio is 42.49%.

Analyst Upgrades and Downgrades

Several research firms recently commented on YUMC. Wall Street Zen raised Yum China from a “hold” rating to a “buy” rating in a research note on Monday, August 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Yum China in a research note on Friday, August 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $59.00 target price on shares of Yum China in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Yum China has an average rating of “Moderate Buy” and a consensus price target of $59.21.

Get Our Latest Stock Report on Yum China

Yum China Profile

(Free Report)

Yum China Holdings, Inc (NYSE:YUMC) is a restaurant company that operates and franchises brands across mainland China. It is the exclusive operator of KFC and Pizza Hut in China and also operates Taco Bell restaurants in the market.

The company’s broader portfolio includes Chinese restaurant concepts such as Huang Ji Huang and Little Sheep, as well as coffee and beverage brands including Lavasa and COFFii & JOY. Its restaurants offer a range of quick-service meals, casual dining options, beverages and related food products through dine-in, takeaway, delivery and digital ordering channels.

Yum China became an independent, publicly traded company in 2016 following its separation from Yum! Brands.

Further Reading

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