Winslow Evans & Crocker Inc. cut its holdings in Yum China Holdings Inc (NYSE:YUMC) by 29.9% during the second quarter, HoldingsChannel reports. The firm owned 2,672 shares of the company’s stock after selling 1,138 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Yum China were worth $124,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its position in Yum China by 19.5% during the first quarter. BlackRock Inc. now owns 39,168,859 shares of the company’s stock worth $1,759,077,000 after buying an additional 6,383,587 shares in the last quarter. OppenheimerFunds Inc. grew its position in Yum China by 83.4% during the first quarter. OppenheimerFunds Inc. now owns 17,160,157 shares of the company’s stock worth $770,663,000 after buying an additional 7,804,046 shares in the last quarter. JPMorgan Chase & Co. grew its position in Yum China by 76.4% during the first quarter. JPMorgan Chase & Co. now owns 10,804,636 shares of the company’s stock worth $485,236,000 after buying an additional 4,679,434 shares in the last quarter. Matthews International Capital Management LLC grew its position in Yum China by 2.7% during the first quarter. Matthews International Capital Management LLC now owns 5,033,610 shares of the company’s stock worth $226,059,000 after buying an additional 130,900 shares in the last quarter. Finally, Northern Trust Corp grew its position in Yum China by 8.6% during the first quarter. Northern Trust Corp now owns 3,664,175 shares of the company’s stock worth $164,558,000 after buying an additional 289,963 shares in the last quarter. Institutional investors and hedge funds own 79.96% of the company’s stock.
In other Yum China news, Director Muktesh Pant sold 88,184 shares of Yum China stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $45.76, for a total transaction of $4,035,299.84. Following the sale, the director now directly owns 403,163 shares of the company’s stock, valued at $18,448,738.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alice H. Wang sold 1,697 shares of Yum China stock in a transaction that occurred on Tuesday, May 7th. The shares were 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 in the company, valued at $466,430.80. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.
Yum China (NYSE:YUMC) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.16 billion. Yum China had a return on equity of 20.36% and a net margin of 7.55%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 earnings per share. Equities research analysts forecast that Yum China Holdings Inc will post 1.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Monday, August 26th. Yum China’s payout ratio is 31.37%.
A number of equities research analysts recently weighed in on the company. Bank of America raised Yum China from a “neutral” rating to a “buy” rating and set a $47.20 target price on the stock in a research report on Tuesday, April 30th. OTR Global raised Yum China to a “positive” rating in a research report on Thursday, April 11th. UBS Group lifted their price objective on Yum China from $46.07 to $56.06 and gave the company a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research downgraded Yum China from a “strong-buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a report on Friday, July 5th. Finally, Goldman Sachs Group raised Yum China from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $43.00 to $54.00 in a report on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $48.54.
Yum China Company Profile
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.
Further Reading: Treasury Bonds
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