Principal Financial Group Inc. Trims Stake in Yum China Holdings Inc (YUMC)

Principal Financial Group Inc. lowered its holdings in shares of Yum China Holdings Inc (NYSE:YUMC) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,707 shares of the company’s stock after selling 6,758 shares during the quarter. Principal Financial Group Inc.’s holdings in Yum China were worth $895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in YUMC. Lavaca Capital LLC bought a new position in shares of Yum China during the 4th quarter valued at approximately $25,000. Doyle Wealth Management bought a new position in shares of Yum China during the 4th quarter valued at approximately $28,000. Intercontinental Wealth Advisors LLC bought a new position in shares of Yum China during the 4th quarter valued at approximately $34,000. AdvisorNet Financial Inc grew its stake in shares of Yum China by 49.7% during the 4th quarter. AdvisorNet Financial Inc now owns 1,048 shares of the company’s stock valued at $35,000 after acquiring an additional 348 shares during the period. Finally, Capital Investment Advisory Services LLC bought a new position in shares of Yum China during the 4th quarter valued at approximately $37,000. 78.11% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on YUMC shares. JPMorgan Chase & Co. boosted their price objective on Yum China from $36.50 to $48.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Goldman Sachs Group upgraded Yum China from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $54.00 in a research note on Wednesday. Zacks Investment Research upgraded Yum China from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. OTR Global upgraded Yum China to a “positive” rating in a research note on Thursday, April 11th. Finally, TheStreet upgraded Yum China from a “c+” rating to a “b” rating in a research note on Thursday, January 24th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $43.80.

In other news, CFO Jacky Wei-Jye Lo sold 1,724 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.00, for a total transaction of $77,580.00. Following the sale, the chief financial officer now directly owns 9,008 shares of the company’s stock, valued at approximately $405,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ted Lee sold 2,246 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $40.98, for a total value of $92,041.08. Following the sale, the insider now directly owns 1,863 shares in the company, valued at $76,345.74. The disclosure for this sale can be found here. Insiders sold a total of 59,732 shares of company stock valued at $2,541,095 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

YUMC stock opened at $45.24 on Friday. Yum China Holdings Inc has a 1-year low of $30.10 and a 1-year high of $46.19. The company has a quick ratio of 1.31, a current ratio of 1.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $17.14 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 3.15 and a beta of 0.80.

Yum China (NYSE:YUMC) last posted its quarterly earnings results on Thursday, January 31st. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.05. Yum China had a return on equity of 19.62% and a net margin of 8.41%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.94 billion. On average, sell-side analysts expect that Yum China Holdings Inc will post 1.64 EPS for the current fiscal year.

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About Yum China

Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.

Further Reading: How are institutional investors different from individual investors?

Institutional Ownership by Quarter for Yum China (NYSE:YUMC)

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