State of Alaska Department of Revenue increased its position in shares of Yum China Holdings Inc (NYSE:YUMC) by 0.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,445 shares of the company’s stock after acquiring an additional 291 shares during the period. State of Alaska Department of Revenue’s holdings in Yum China were worth $1,913,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of YUMC. OppenheimerFunds Inc. grew its position in shares of Yum China by 83.4% in the 1st quarter. OppenheimerFunds Inc. now owns 17,160,157 shares of the company’s stock valued at $770,663,000 after buying an additional 7,804,046 shares during the last quarter. BlackRock Inc. grew its position in shares of Yum China by 19.5% in the 1st quarter. BlackRock Inc. now owns 39,168,859 shares of the company’s stock valued at $1,759,077,000 after buying an additional 6,383,587 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Yum China by 76.4% in the 1st quarter. JPMorgan Chase & Co. now owns 10,804,636 shares of the company’s stock valued at $485,236,000 after buying an additional 4,679,434 shares during the last quarter. Martingale Asset Management L P grew its position in shares of Yum China by 131.4% in the 1st quarter. Martingale Asset Management L P now owns 1,162,580 shares of the company’s stock valued at $52,213,000 after buying an additional 660,184 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new stake in shares of Yum China in the 1st quarter valued at about $28,147,000. Institutional investors and hedge funds own 80.64% of the company’s stock.
In related news, insider Alice H. Wang sold 1,697 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $46.09, for a total transaction of $78,214.73. Following the transaction, the insider now directly owns 10,120 shares of the company’s stock, valued at approximately $466,430.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Muktesh Pant sold 88,184 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $45.76, for a total value of $4,035,299.84. Following the transaction, the director now directly owns 403,163 shares in the company, valued at $18,448,738.88. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.
Yum China (NYSE:YUMC) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.46 earnings per share (EPS) 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 21.10% and a net margin of 7.91%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. As a group, sell-side analysts anticipate that Yum China Holdings Inc will post 1.7 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, August 26th. Yum China’s dividend payout ratio is 31.37%.
YUMC has been the topic of a number of analyst reports. Goldman Sachs Group upgraded Yum China from a “neutral” rating to a “buy” rating and upped their price target for the company from $43.00 to $54.00 in a research report on Wednesday, April 17th. UBS Group boosted their price objective on Yum China from $46.07 to $56.06 and gave the company a “buy” rating in a research note on Wednesday, May 1st. OTR Global raised Yum China to a “positive” rating in a research note on Thursday, April 11th. 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 research note on Friday, July 5th. Finally, Bank of America raised Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price objective on the stock in a research note on Tuesday, April 30th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company 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.
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