4 days Ago By ABMN Staff
Envestnet Asset Management Inc. grew its position in shares of Yum China Holdings, Inc. ( NYSE:YUMC – Free Report ) by 2.
7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324,977 shares of the company’s stock after purchasing an additional 8,542 shares during the period. Envestnet Asset Management Inc.
’s holdings in Yum China were worth $15,654,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also modified their holdings of the company. Kentucky Trust Co acquired a new stake in Yum China during the fourth quarter worth approximately $29,000.
Graney & King LLC purchased a new position in shares of Yum China during the 4th quarter worth $39,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Yum China by 58.5% during the fourth quarter.
EverSource Wealth Advisors LLC now owns 878 shares of the company’s stock worth $42,000 after purchasing an additional 324 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Yum China in the fourth quarter valued at $48,000.
Finally, Brown Brothers Harriman & Co. increased its stake in Yum China by 33.5% in the fourth quarter.
Brown Brothers Harriman & Co. now owns 1,735 shares of the company’s stock valued at $84,000 after purchasing an additional 435 shares during the last quarter. 85.
58% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several research firms have commented on YUMC. Daiwa America upgraded Yum China to a “strong-buy” rating in a report on Wednesday, April 9th.
StockNews.com cut shares of Yum China from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, Yum China has a consensus rating of “Buy” and a consensus target price of $48.70.
Insider Activity In other Yum China news, CTO Leila Zhang sold 4,000 shares of the company’s stock in a transaction that occurred 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 owns 52,075 shares in the company, valued at $2,634,474.25.
This represents a 7.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, insider Jeff Kuai sold 3,900 shares of Yum China stock in a transaction that occurred on Monday, February 17th. The shares were 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 $2,728,782.42.
This represents a 6.45 % decrease in their position. The disclosure for this sale can be found here .
In the last 90 days, insiders have sold 45,152 shares of company stock valued at $2,242,176. Company insiders own 0.30% of the company’s stock.
Yum China Price Performance Shares of Yum China stock opened at $44.49 on Wednesday. The stock has a market capitalization of $16.
73 billion, a P/E ratio of 19.09, a PEG ratio of 1.72 and a beta of 0.
32. 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 business’s fifty day moving average price is $49.
14 and its 200 day moving average price is $47.58. Yum China Holdings, Inc.
has a twelve month low of $28.50 and a twelve month high of $53.99.
Yum China ( NYSE:YUMC – Get Free Report ) last issued its earnings results on Thursday, February 6th. The company reported $0.30 earnings per share (EPS) 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%. As a group, research analysts anticipate that Yum China Holdings, Inc.
will post 2.54 earnings per share for the current year. Yum China Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th.
Stockholders of record on Thursday, March 6th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, March 6th.
This represents a $0.96 annualized dividend and a dividend yield of 2.16%.
This is a positive change from Yum China’s previous quarterly dividend of $0.16. Yum China’s dividend payout ratio is presently 41.
20%. Yum China Company Profile ( 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. See Also Want to see what other hedge funds are holding YUMC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Yum China Holdings, Inc. ( NYSE:YUMC – Free Report ). Receive News & Ratings for Yum China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum China and related companies with MarketBeat.
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