Tremblant Capital Group Trims Stock Position in Yum China Holdings, Inc. (NYSE:YUMC)

Tremblant Capital Group reduced its stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 315,618 shares of the company's stock after selling 74,587 shares during the quarter. Yum China comprises approximately 1.6% of Tremblant Capital Group's holdings, making the stock its 27th largest position. Tremblant Capital Group owned 0.08% of Yum China worth $15,203,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in YUMC. Oliver Luxxe Assets LLC purchased a new position in Yum China in the 4th quarter worth approximately $4,146,000. Procyon Advisors LLC raised its stake in Yum China by 3.8% during the 4th quarter. Procyon Advisors LLC now owns 14,544 shares of the company's stock valued at $701,000 after buying an additional 538 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Yum China during the 4th quarter valued at $322,000. Atomi Financial Group Inc. raised its stake in Yum China by 85.4% during the 4th quarter. Atomi Financial Group Inc. now owns 13,564 shares of the company's stock valued at $653,000 after buying an additional 6,247 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Yum China by 6.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,298 shares of the company's stock valued at $785,000 after buying an additional 1,008 shares during the last quarter. 85.58% of the stock is owned by institutional investors.

Insider Activity at Yum China

In other news, CTO Leila Zhang sold 4,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction 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 trade represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction 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 represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Yum China Price Performance

Yum China stock traded down $0.25 during mid-day trading on Thursday, hitting $42.53. The stock had a trading volume of 1,774,566 shares, compared to its average volume of 2,940,490. The firm has a market capitalization of $15.88 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.72 and a beta of 0.27. 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 firm's 50 day moving average is $46.64 and its 200 day moving average is $47.27. Yum China Holdings, Inc. has a one year low of $28.50 and a one year high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last issued its 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 return on equity of 13.83% and a net margin of 8.06%. 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 prior year, the company posted $0.71 EPS. The company's quarterly revenue was up .8% on a year-over-year basis. On average, sell-side analysts forecast that Yum China Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Wednesday, May 28th. Yum China's payout ratio is 40.17%.

Analysts Set New Price Targets

YUMC has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Yum China from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Daiwa America raised shares of Yum China to a "strong-buy" rating in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $48.70.

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.