Woodline Partners LP Reduces Stock Position in Yum China Holdings, Inc. (NYSE:YUMC)

Woodline Partners LP cut its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 67.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 243,180 shares of the company's stock after selling 495,966 shares during the quarter. Woodline Partners LP owned approximately 0.06% of Yum China worth $11,714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GeoWealth Management LLC increased its holdings in Yum China by 689.6% during the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock worth $25,000 after purchasing 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 purchased a new stake in Yum China during the 4th quarter worth approximately $39,000. EverSource Wealth Advisors LLC grew its position in shares of 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 position in shares of Yum China in the 4th quarter worth approximately $48,000. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Yum China

In related news, CTO Leila Zhang sold 4,000 shares of the business'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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joey Wat sold 37,252 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was 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 of the company's stock, valued at $19,021,879.47. This trade represents a 8.87% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

YUMC has been the subject of several research reports. StockNews.com lowered Yum China from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Daiwa America upgraded Yum China to a "strong-buy" rating in a research report on Wednesday, April 9th. One 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, Yum China currently has an average rating of "Buy" and a consensus price target of $48.70.

Yum China Price Performance

Shares of YUMC opened at $42.81 on Thursday. The firm has a market cap of $15.98 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.72 and a beta of 0.27. The stock has a 50 day moving average of $46.86 and a 200-day moving average of $47.31. 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 52 week low of $28.50 and a 52 week high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). Yum China had a net margin of 8.06% and a return on equity of 13.83%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company's revenue for the quarter was up .8% compared to the same quarter last year. As a group, analysts forecast that Yum China Holdings, Inc. will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.24%. 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.

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