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

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

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

Yum China Stock Performance

Shares of Yum China stock traded down $1.24 during trading on Friday, hitting $43.53. 1,606,428 shares of the company's stock were exchanged, compared to its average volume of 2,912,161. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.72 and a beta of 0.27. The business has a 50-day simple moving average of $45.69 and a 200-day simple moving average of $47.06. Yum China Holdings, Inc. has a 52-week low of $28.50 and a 52-week high of $53.99. 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 (NYSE:YUMC - Get Free Report) last issued its quarterly earnings data 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 company 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%. The business's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. On average, research analysts forecast that Yum China Holdings, Inc. will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.21%. Yum China's payout ratio is 40.17%.

Insider Activity

In related news, CTO Leila Zhang sold 4,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $202,360.00. Following the sale, the chief technology officer now owns 52,075 shares in the company, valued at approximately $2,634,474.25. The trade was a 7.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joey Wat sold 37,252 shares of Yum China stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 382,657 shares of the company's stock, 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. Insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

YUMC has been the topic of several research reports. Daiwa America raised Yum China to a "strong-buy" rating in a research report on Wednesday, April 9th. Wall Street Zen lowered Yum China from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price 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.