NewEdge Advisors LLC Sells 58,778 Shares of Yum China $YUMC

Key Points

• NewEdge Advisors cut its Yum China stake by 87.4% in the second quarter, selling 58,778 shares and retaining 8,487 shares worth approximately $347,000. Institutional investors collectively own 85.58% of YUMC.
• Yum China reported quarterly revenue of $3.14 billion and earnings of $0.70 per share, beating analyst estimates while revenue increased 12.6% year over year.
• The company pays a quarterly dividend of $0.29 per share, equivalent to a 2.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $59.21, well above the reported $40.40 share price.

NewEdge Advisors LLC decreased its position in Yum China (NYSE:YUMC - Free Report) by 87.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,487 shares of the company's stock after selling 58,778 shares during the quarter. NewEdge Advisors LLC's holdings in Yum China were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YUMC. Envestnet Portfolio Solutions Inc. boosted its stake in Yum China by 7.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,071 shares of the company's stock worth $242,000 after buying an additional 331 shares during the last quarter. Eastern Bank increased its stake in shares of Yum China by 12.6% during the 2nd quarter. Eastern Bank now owns 2,984 shares of the company's stock valued at $122,000 after acquiring an additional 335 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in shares of Yum China by 7.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 6,085 shares of the company's stock valued at $297,000 after purchasing an additional 441 shares during the last quarter. Lido Advisors LLC raised its position in shares of Yum China by 6.7% in the 1st quarter. Lido Advisors LLC now owns 7,214 shares of the company's stock worth $352,000 after buying an additional 451 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Yum China by 2.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,204 shares of the company's stock worth $1,034,000 after buying an additional 452 shares during the period. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Yum China Price Performance

Shares of NYSE YUMC opened at $40.40 on Friday. Yum China has a twelve month low of $40.15 and a twelve month high of $58.39. The business has a 50 day simple moving average of $44.98 and a 200-day simple moving average of $45.92. The company has a current ratio of 0.96, a quick ratio of 0.78 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.08.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.03. Yum China had a net margin of 7.84% and a return on equity of 15.82%. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities research analysts expect that Yum China will post 2.95 earnings per share for the current year.

Yum China Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.9%. Yum China's payout ratio is 42.49%.

Insider Buying and Selling at Yum China

In other news, insider Jeff Kuai sold 14,586 shares of the 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 owned 63,541 shares in the company, valued at $3,032,176.52. This represents a 18.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Duoduo (Howard) Huang sold 24,096 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 7,589 shares of the company's stock, valued at approximately $357,290.12. This represents a 76.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on YUMC shares. Wall Street Zen raised Yum China from a "hold" rating to a "buy" rating in a research report on Monday, August 17th. The Goldman Sachs Group restated a "buy" rating and issued a $59.00 price objective on shares of Yum China in a report on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Yum China in a research report on Friday, August 21st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.21.

Yum China Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.