LMR Partners LLP decreased its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 70.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,125 shares of the company's stock after selling 50,349 shares during the quarter. LMR Partners LLP's holdings in Yum China were worth $1,018,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Yum China by 32.2% in the fourth quarter. Principal Financial Group Inc. now owns 10,397,321 shares of the company's stock valued at $500,841,000 after purchasing an additional 2,531,518 shares during the period. FMR LLC grew its stake in shares of Yum China by 138.5% during the 4th quarter. FMR LLC now owns 8,558,050 shares of the company's stock worth $412,241,000 after purchasing an additional 4,969,073 shares during the period. William Blair Investment Management LLC acquired a new stake in Yum China in the 4th quarter valued at about $243,901,000. Arrowstreet Capital Limited Partnership lifted its holdings in Yum China by 117.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,751,662 shares of the company's stock valued at $228,890,000 after purchasing an additional 2,570,419 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Yum China by 95.6% in the 4th quarter. Wellington Management Group LLP now owns 4,580,430 shares of the company's stock valued at $220,644,000 after purchasing an additional 2,238,720 shares in the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.
Yum China Trading Down 0.9%
Shares of Yum China stock traded down $0.42 during trading on Friday, hitting $44.14. The stock had a trading volume of 3,019,623 shares, compared to its average volume of 2,940,800. The company has a quick ratio of 1.15, a current ratio of 1.29 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 stock has a 50 day simple moving average of $47.23 and a 200 day simple moving average of $47.33. The company has a market capitalization of $16.55 billion, a PE ratio of 18.94, a P/E/G ratio of 1.72 and a beta of 0.27.
Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3.13 billion. Yum China had a net margin of 8.06% and a return on equity of 13.83%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. On average, research analysts expect that Yum China Holdings, Inc. will post 2.54 EPS for the current fiscal year.
Yum China Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.18%. Yum China's payout ratio is currently 40.17%.
Analyst Ratings Changes
A number of research firms recently issued reports on YUMC. StockNews.com 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 note on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $48.70.
Get Our Latest Stock Report on YUMC
Insiders Place Their Bets
In related news, insider Jeff Kuai sold 3,900 shares of the company's stock in a transaction on Monday, February 17th. The stock was sold at an average price of $48.21, for a total value of $188,019.00. Following the completion of the transaction, the insider now directly owns 56,602 shares in the company, valued at approximately $2,728,782.42. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Leila Zhang sold 4,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $202,360.00. Following the completion of the transaction, the chief technology officer now owns 52,075 shares of the company's stock, valued at $2,634,474.25. The trade was a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,152 shares of company stock valued at $2,242,176 over the last 90 days. 0.40% of the stock is currently owned by company insiders.
Yum China Profile
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Free Report)
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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