Concentric Capital Strategies LP Makes New $6.84 Million Investment in Yum China Holdings, Inc. (NYSE:YUMC)

Concentric Capital Strategies LP bought a new stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 142,038 shares of the company's stock, valued at approximately $6,842,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. William Blair Investment Management LLC bought a new stake in shares of Yum China during the 4th quarter worth approximately $243,901,000. FMR LLC increased its holdings in Yum China by 138.5% during the fourth quarter. FMR LLC now owns 8,558,050 shares of the company's stock worth $412,241,000 after buying an additional 4,969,073 shares during the last quarter. Mawer Investment Management Ltd. acquired a new stake in Yum China in the fourth quarter valued at $203,179,000. Norges Bank bought a new position in shares of Yum China in the 4th quarter valued at about $199,722,000. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 worth $179,556,000 after purchasing an additional 2,980,589 shares during the last quarter. Institutional investors own 85.58% of the company's stock.

Insider Activity

In other Yum China news, CTO Leila Zhang sold 4,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $202,360.00. Following the completion of the transaction, the chief technology officer now directly owns 52,075 shares in the company, valued at approximately $2,634,474.25. This represents a 7.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joey Wat sold 37,252 shares of Yum China stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $49.71, for a total value of $1,851,796.92. Following the transaction, the chief executive officer now directly owns 382,657 shares in the company, valued at $19,021,879.47. The trade was a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,152 shares of company stock worth $2,242,176. Corporate insiders own 0.40% of the company's stock.

Yum China Stock Up 0.6 %

NYSE YUMC opened at $43.75 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. The company has a market cap of $16.41 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.72 and a beta of 0.27. The company has a 50 day moving average of $47.95 and a 200-day moving average of $47.30. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). Yum China had a net margin of 8.06% and a return on equity of 13.83%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business's revenue was up .8% compared to the same quarter last year. On average, equities research analysts expect that Yum China Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, May 28th. Yum China's payout ratio is 40.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on YUMC shares. Daiwa America upgraded Yum China to a "strong-buy" rating in a report on Wednesday, April 9th. StockNews.com cut Yum China from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $48.70.

Yum China Company 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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