Janus Henderson Group PLC grew its position in Yum China Holdings Inc (NYSE:YUMC) by 14.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,455 shares of the company’s stock after purchasing an additional 7,158 shares during the period. Janus Henderson Group PLC’s holdings in Yum China were worth $2,625,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Cullinan Associates Inc. acquired a new position in Yum China during the 1st quarter worth about $7,044,000. Renaissance Group LLC bought a new stake in Yum China during the 1st quarter worth about $16,530,000. Janney Montgomery Scott LLC raised its holdings in Yum China by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,645 shares of the company’s stock worth $972,000 after purchasing an additional 829 shares during the last quarter. Osborn Williams & Donohoe LLC bought a new stake in Yum China during the 1st quarter worth about $333,000. Finally, Zeke Capital Advisors LLC raised its holdings in Yum China by 2.3% during the 1st quarter. Zeke Capital Advisors LLC now owns 183,688 shares of the company’s stock worth $8,249,000 after purchasing an additional 4,214 shares during the last quarter. Institutional investors own 78.20% of the company’s stock.
In other news, insider Alice H. Wang sold 4,238 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $41.98, for a total value of $177,911.24. Following the completion of the sale, the insider now directly owns 15,500 shares of the company’s stock, valued at approximately $650,690. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alice H. Wang sold 1,697 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $46.09, for a total value of $78,214.73. Following the sale, the insider now directly owns 10,120 shares of the company’s stock, valued at $466,430.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,428 shares of company stock valued at $1,590,043. 0.44% of the stock is currently owned by company insiders.
Yum China (NYSE:YUMC) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Yum China had a return on equity of 20.36% and a net margin of 7.55%. Yum China’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. As a group, sell-side analysts expect that Yum China Holdings Inc will post 1.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.18%. Yum China’s dividend payout ratio (DPR) is presently 31.37%.
Several analysts have weighed in on the company. Zacks Investment Research cut Yum China from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. UBS Group boosted their price objective on Yum China from $46.07 to $56.06 and gave the stock a “buy” rating in a report on Wednesday, May 1st. TheStreet raised Yum China from a “c+” rating to a “b” rating in a report on Thursday, January 24th. OTR Global raised Yum China to a “positive” rating in a report on Thursday, April 11th. Finally, Bank of America raised Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price objective for the company in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Yum China presently has an average rating of “Buy” and an average price target of $47.88.
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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, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
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