Cresset Asset Management LLC Decreases Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Cresset Asset Management LLC trimmed its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 43.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,896 shares of the company's stock after selling 6,891 shares during the quarter. Cresset Asset Management LLC's holdings in Yum China were worth $429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GeoWealth Management LLC increased its stake in Yum China by 689.6% in the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock worth $25,000 after buying an additional 462 shares in the last quarter. Kentucky Trust Co bought a new position in shares of Yum China during the fourth quarter worth $29,000. Graney & King LLC bought a new stake in Yum China in the 4th quarter valued at $39,000. EverSource Wealth Advisors LLC lifted its stake in Yum China by 58.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 878 shares of the company's stock worth $42,000 after purchasing an additional 324 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Yum China during the 4th quarter valued at about $48,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on YUMC shares. Daiwa America raised Yum China to a "strong-buy" rating in a research report on Wednesday, April 9th. StockNews.com cut Yum China from a "buy" rating to a "hold" rating in a research note 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $48.70.

Insider Buying and Selling at Yum China

In related news, CTO Leila Zhang sold 4,000 shares of the business's stock in a transaction 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 $2,634,474.25. The trade was a 7.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Joey Wat sold 37,252 shares of Yum China stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 382,657 shares of the company's stock, valued at $19,021,879.47. The trade was a 8.87% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Yum China Stock Down 2.2%

YUMC traded down $0.98 during trading on Wednesday, hitting $43.02. The stock had a trading volume of 588,763 shares, compared to its average volume of 2,925,701. The stock has a 50 day simple moving average of $47.03 and a two-hundred day simple moving average of $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. Yum China Holdings, Inc. has a twelve month low of $28.50 and a twelve month high of $53.99. The company has a market capitalization of $16.06 billion, a PE ratio of 18.46, a PEG ratio of 1.72 and a beta of 0.27.

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

Yum China Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.23%. The ex-dividend date is Wednesday, May 28th. Yum China's dividend payout ratio is currently 40.17%.

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.