Yum China (NYSE:YUMC) Insider Jerry Ding Sells 3,000 Shares of Company Stock

Key Points

• Insider Jerry Ding sold 3,000 Yum China shares at an average of $49.78, totaling $149,340; the sale reduced his stake by 69.69% to 1,305 shares.
• Yum China reported quarterly EPS of $0.91, beating estimates of $0.88, while revenue rose 8.5% year over year to $3.48 billion but fell short of forecasts.
• The company announced a quarterly dividend of $0.29 per share, equivalent to $1.16 annually and a 2.4% yield; analysts’ consensus rating was “Moderate Buy,” with an average target price of $59.21.

Yum China (NYSE:YUMC - Get Free Report) insider Jerry Ding sold 3,000 shares of the company's stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $49.78, for a total value of $149,340.00. Following the completion of the transaction, the insider directly owned 1,305 shares of the company's stock, valued at approximately $64,962.90. This trade represents a 69.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Yum China Price Performance

Shares of NYSE:YUMC opened at $49.04 on Thursday. The firm has a market capitalization of $16.52 billion, a PE ratio of 17.03, a PEG ratio of 1.29 and a beta of 0.06. Yum China has a 1-year low of $39.72 and a 1-year high of $58.39. The business's 50 day moving average is $43.77 and its 200-day moving average is $46.86. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. Yum China had a net margin of 7.90% and a return on equity of 16.48%. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business's revenue for the quarter was up 8.5% on a year-over-year basis. Sell-side analysts predict that Yum China will post 2.95 earnings per share for the current year.

Yum China Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Tuesday, December 1st will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.16 dividend on an annualized basis and a yield of 2.4%. Yum China's payout ratio is presently 40.28%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on YUMC. Weiss Ratings raised shares of Yum China from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, November 2nd. Wall Street Zen lowered Yum China from a "buy" rating to a "hold" rating in a research note on Saturday, October 10th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $59.00 target price on shares of Yum China in a report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $59.21.

Hedge Funds Weigh In On Yum China

Institutional investors and hedge funds have recently bought and sold shares of the business. Nykredit A S acquired a new stake in Yum China in the 2nd quarter valued at about $7,154,000. Tidal Investments LLC acquired a new position in shares of Yum China during the second quarter worth approximately $3,192,000. BlackRock Inc. acquired a new position in shares of Yum China during the second quarter worth approximately $18,090,000. Sapient Capital LLC bought a new stake in shares of Yum China during the first quarter valued at approximately $8,453,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Yum China in the second quarter valued at approximately $5,412,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Company Profile

Yum China Holdings operates quick-service and casual-dining restaurants in China. Its portfolio includes KFC and Pizza Hut, along with local and regional brands such as Little Sheep and Huang Ji Huang. The company was separated from Yum! Brands in 2016 and became an independent, publicly traded company. Its restaurants serve a range of meals and beverages, including fried chicken, burgers, pizza, hot pot and other Chinese-style dishes, as well as coffee. Yum China also offers delivery and digital ordering services through its apps and other platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.