Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,810,252 shares of the company's stock after selling 743,251 shares during the period. Bank of America Corp DE owned approximately 0.74% of Yum China worth $135,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of YUMC. William Blair Investment Management LLC purchased a new stake in shares of Yum China during the 4th quarter worth $243,901,000. FMR LLC raised its stake in 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 acquiring an additional 4,969,073 shares in the last quarter. Mawer Investment Management Ltd. purchased a new stake in Yum China in the fourth quarter valued at $203,179,000. Norges Bank acquired a new position in Yum China in the fourth quarter valued at $199,722,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Yum China by 399.0% during the fourth 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. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Stock Up 0.4 %

YUMC stock opened at $44.15 on Friday. Yum China Holdings, Inc. has a 52 week low of $28.50 and a 52 week high of $53.99. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. The company has a market cap of $16.56 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.72 and a beta of 0.27. The company's 50-day moving average price is $47.63 and its 200 day moving average price is $47.28.

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

Yum China Dividend Announcement

The firm 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 $0.24 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.17%. Yum China's dividend payout ratio is presently 40.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Daiwa America raised Yum China to a "strong-buy" rating in a report on Wednesday, April 9th. StockNews.com downgraded Yum China from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Yum China currently has a consensus rating of "Buy" and a consensus price target of $48.70.

Insider Activity at Yum China

In other Yum China news, insider Jeff Kuai sold 3,900 shares of the stock in a transaction on Monday, February 17th. The stock was sold at an average price of $48.21, for a total transaction of $188,019.00. Following the sale, the insider now owns 56,602 shares in the company, valued at approximately $2,728,782.42. This represents a 6.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Leila Zhang sold 4,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was 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 directly owns 52,075 shares of the company's stock, valued at approximately $2,634,474.25. This trade represents a 7.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,152 shares of company stock valued at $2,242,176. Insiders own 0.40% of the company's stock.

Yum China 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.

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