Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by WBI Investments LLC

WBI Investments LLC cut its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 29.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,365 shares of the company's stock after selling 10,924 shares during the period. WBI Investments LLC's holdings in Yum China were worth $1,270,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. GeoWealth Management LLC lifted its stake in Yum China by 689.6% in the fourth quarter. GeoWealth Management LLC now owns 529 shares of the company's stock worth $25,000 after acquiring an additional 462 shares during the last quarter. Kentucky Trust Co purchased a new position in Yum China in the fourth quarter worth approximately $29,000. Graney & King LLC purchased a new position in Yum China in the fourth quarter worth approximately $39,000. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 324 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in Yum China in the fourth quarter worth approximately $48,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on YUMC shares. 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 upgraded 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $48.70.

Insider Activity at Yum China

In other news, CEO Joey Wat sold 37,252 shares of the stock in a transaction dated 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 directly owns 382,657 shares in the company, valued at $19,021,879.47. This represents a 8.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Leila Zhang sold 4,000 shares of the firm'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 transaction of $202,360.00. Following the completion of the transaction, the chief technology officer now owns 52,075 shares in the company, valued at $2,634,474.25. The trade was a 7.13% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Yum China Price Performance

Shares of NYSE:YUMC traded up $0.15 on Friday, reaching $42.67. 2,771,769 shares of the company were exchanged, compared to its average volume of 2,930,053. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $53.99. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.72 and a beta of 0.27. The company has a 50-day moving average of $46.42 and a 200-day moving average of $47.23.

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 analysts' consensus estimates of $0.78 by ($0.01). The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.13 billion. Yum China had a return on equity of 13.83% and a net margin of 8.06%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. Equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.25%. Yum China's payout ratio is 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.