Nuveen Asset Management LLC Raises Stake in Yum China Holdings, Inc. (NYSE:YUMC)

Nuveen Asset Management LLC boosted its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 108.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,218,486 shares of the company's stock after acquiring an additional 633,800 shares during the period. Nuveen Asset Management LLC owned 0.32% of Yum China worth $58,694,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Atria Investments Inc grew its stake in Yum China by 1.2% during the 4th quarter. Atria Investments Inc now owns 23,074 shares of the company's stock valued at $1,111,000 after acquiring an additional 273 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Yum China by 4.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,180 shares of the company's stock valued at $298,000 after acquiring an additional 276 shares in the last quarter. Hanson & Doremus Investment Management grew its stake in Yum China by 0.5% during the 4th quarter. Hanson & Doremus Investment Management now owns 57,104 shares of the company's stock valued at $2,751,000 after acquiring an additional 307 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in Yum China by 2.2% during the 4th quarter. First Citizens Bank & Trust Co. now owns 14,054 shares of the company's stock valued at $677,000 after acquiring an additional 309 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Yum China by 58.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 878 shares of the company's stock valued at $42,000 after acquiring an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on YUMC shares. Wall Street Zen cut shares of Yum China from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Daiwa America raised shares of 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 issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $48.70.

Insider Transactions at Yum China

In other 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 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 hyperlink. Also, CEO Joey Wat sold 37,252 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 owns 382,657 shares in the company, valued at approximately $19,021,879.47. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Yum China Trading Up 0.4%

Shares of Yum China stock traded up $0.15 during mid-day trading on Friday, hitting $42.67. The stock had a trading volume of 2,771,769 shares, compared to its average volume of 2,930,489. The firm has a 50-day moving average of $46.42 and a two-hundred day moving average of $47.21. Yum China Holdings, Inc. has a 12-month low of $28.50 and a 12-month high of $53.99. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. The firm has a market cap of $15.93 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.72 and a beta of 0.27.

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

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.25%. Yum China's dividend payout ratio is currently 40.17%.

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.