Envestnet Asset Management Inc. Has $15.65 Million Position in Yum China Holdings, Inc. (NYSE:YUMC)

Envestnet Asset Management Inc. grew its holdings in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 324,977 shares of the company's stock after buying an additional 8,542 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of Yum China worth $15,654,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC bought a new position in Yum China in the 4th quarter valued at $243,901,000. Mawer Investment Management Ltd. bought a new position in Yum China in the fourth quarter valued at about $203,179,000. Norges Bank acquired a new stake in Yum China in the fourth quarter worth about $199,722,000. Bank of New York Mellon Corp raised its holdings in Yum China by 399.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,727,549 shares of the company's stock worth $179,556,000 after purchasing an additional 2,980,589 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Yum China by 49.6% during the 3rd quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company's stock valued at $356,206,000 after purchasing an additional 2,609,494 shares during the period. Institutional investors and hedge funds own 85.58% of the company's stock.

Insider Activity at Yum China

In related news, CTO Leila Zhang sold 4,000 shares of the stock in a transaction that occurred 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. This represents a 7.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joey Wat sold 37,252 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was 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 owns 382,657 shares of the company's stock, valued at $19,021,879.47. This trade represents a 8.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,152 shares of company stock valued at $2,242,176 over the last three months. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on YUMC shares. 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 research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $48.70.

Yum China Stock Down 6.0 %

Shares of YUMC stock traded down $2.62 during trading on Friday, reaching $41.33. The company's stock had a trading volume of 6,305,054 shares, compared to its average volume of 2,960,073. Yum China Holdings, Inc. has a one year low of $28.50 and a one year high of $53.99. The business has a fifty day moving average price of $48.79 and a 200-day moving average price of $47.45. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 1.72 and a beta of 0.32. 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 (NYSE:YUMC - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). Yum China had a return on equity of 13.83% and a net margin of 8.06%. Analysts anticipate that Yum China Holdings, Inc. will post 2.54 earnings per share for the current year.

Yum China Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, March 6th. This is an increase from Yum China's previous quarterly dividend of $0.16. This represents a $0.96 annualized dividend and a yield of 2.32%. Yum China's dividend payout ratio (DPR) is 41.20%.

Yum China Company Profile

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.