Yum China $YUMC Stock Holdings Cut by Mondrian Investment Partners LTD

Key Points

• Mondrian Investment Partners cut its Yum China stake by 6.9% in the third quarter, selling 201,536 shares and retaining 2.71 million shares valued at approximately $111.3 million. Institutional investors collectively own 85.58% of the company.
• Yum China reported quarterly earnings of $0.70 per share, exceeding estimates by $0.03, while revenue rose 12.6% year over year to $3.14 billion. The company also pays a quarterly dividend of $0.29, equivalent to a 2.6% yield.
• YUMC shares opened at $44.52, below the analyst consensus target of $59.21. Ratings remain generally favorable, with three Buy ratings and one Hold rating, though insiders recently sold shares.

Mondrian Investment Partners LTD trimmed its holdings in Yum China (NYSE:YUMC - Free Report) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,707,507 shares of the company's stock after selling 201,536 shares during the period. Yum China accounts for approximately 2.4% of Mondrian Investment Partners LTD's holdings, making the stock its 14th largest position. Mondrian Investment Partners LTD owned about 0.79% of Yum China worth $111,279,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in YUMC. Main Street Group LTD bought a new position in shares of Yum China during the 1st quarter valued at $26,000. Ascentis Independent Advisors acquired a new stake in shares of Yum China in the 1st quarter valued at $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Yum China in the 2nd quarter valued at $29,000. Aberdeen Wealth Management LLC bought a new stake in Yum China in the second quarter worth $33,000. Finally, Continuum Advisory LLC bought a new stake in Yum China in the second quarter worth $35,000. 85.58% of the stock is owned by institutional investors.

Insider Buying and Selling at Yum China

In other Yum China news, insider Jeff Kuai sold 14,586 shares of the company's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $47.72, for a total transaction of $696,043.92. Following the completion of the sale, the insider directly owned 63,541 shares in the company, valued at $3,032,176.52. This represents a 18.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Duoduo (Howard) Huang sold 24,096 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $47.08, for a total transaction of $1,134,439.68. Following the sale, the insider owned 7,589 shares of the company's stock, valued at $357,290.12. This trade represents a 76.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.44% of the company's stock.

Yum China Stock Down 0.5%

Shares of Yum China stock opened at $44.52 on Friday. Yum China has a 12-month low of $39.72 and a 12-month high of $58.39. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $43.53 and a two-hundred day moving average price of $44.68. The stock has a market capitalization of $15.25 billion, a P/E ratio of 16.31, a PEG ratio of 1.17 and a beta of 0.07.

Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.03. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.05 billion. Yum China had a net margin of 7.84% and a return on equity of 15.82%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. Equities analysts expect that Yum China will post 2.95 earnings per share for the current year.

Yum China Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, August 27th. Yum China's dividend payout ratio (DPR) is 42.49%.

Analyst Ratings Changes

Several research firms have commented on YUMC. The Goldman Sachs Group reissued a "buy" rating and set a $59.00 target price on shares of Yum China in a research report on Thursday, July 30th. Wall Street Zen cut Yum China from a "buy" rating to a "hold" rating in a research report on Saturday, October 10th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Yum China in a research report on Friday, August 21st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Yum China presently has an average rating of "Moderate Buy" and a consensus target price of $59.21.

About Yum China

Yum China Holdings, Inc is a restaurant company focused on operating and developing quick-service and casual-dining brands in China. Headquartered in Shanghai, the company serves customers across mainland China through a large network of company-owned and franchised restaurants, supported by digital ordering, delivery and loyalty platforms.

Its principal brands include KFC, Pizza Hut and Taco Bell, for which Yum China holds the exclusive rights to operate and franchise restaurants in China.

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