RedJay Asset Management Inc. Purchases Shares of 125,000 Yum China Holdings, Inc. (NYSE:YUMC)

RedJay Asset Management Inc. acquired a new position in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 125,000 shares of the company's stock, valued at approximately $6,021,000. Yum China comprises approximately 3.7% of RedJay Asset Management Inc.'s investment portfolio, making the stock its 15th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. GeoWealth Management LLC raised its stake in Yum China by 689.6% during the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock valued at $25,000 after purchasing an additional 462 shares during the period. Kentucky Trust Co purchased a new position in shares of Yum China during the fourth quarter valued at $29,000. Graney & King LLC acquired a new position in Yum China during the fourth 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 acquiring an additional 324 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in Yum China during the 4th quarter worth about $48,000. 85.58% of the stock is currently owned by institutional investors.

Yum China Stock Up 3.0%

YUMC stock traded up $1.31 during mid-day trading on Thursday, hitting $44.79. The stock had a trading volume of 2,965,075 shares, compared to its average volume of 2,928,086. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $53.99. The company has a fifty day moving average of $45.83 and a 200 day moving average of $47.09. 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 stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.72 and a beta of 0.27.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.77 EPS 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 the consensus estimate of $3.13 billion. During the same period in the previous year, the firm posted $0.71 EPS. The company's quarterly revenue was up .8% compared to the same quarter last year. On average, equities analysts expect that Yum China Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

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 given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Wednesday, May 28th. Yum China's dividend payout ratio is 40.17%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Yum China from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Daiwa America upgraded shares of Yum China to a "strong-buy" rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $48.70.

Insider Transactions at Yum China

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 stock was sold at an average price of $50.59, for a total transaction of $202,360.00. Following the completion of the sale, the chief technology officer now owns 52,075 shares of the company's stock, valued at $2,634,474.25. This represents a 7.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joey Wat sold 37,252 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 owns 382,657 shares in the company, valued at approximately $19,021,879.47. This trade represents a 8.87% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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.