MML Investors Services LLC lifted its holdings in Yum China Holdings Inc (NYSE:YUMC) by 47.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 21,565 shares of the company’s stock after buying an additional 6,942 shares during the quarter. MML Investors Services LLC’s holdings in Yum China were worth $757,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of YUMC. Pinebridge Investments L.P. increased its holdings in shares of Yum China by 79.2% in the 2nd quarter. Pinebridge Investments L.P. now owns 71,889 shares of the company’s stock worth $2,765,000 after acquiring an additional 31,766 shares during the period. Commonwealth Bank of Australia increased its holdings in shares of Yum China by 11.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 40,333 shares of the company’s stock worth $1,545,000 after acquiring an additional 4,190 shares during the period. Comerica Bank increased its holdings in shares of Yum China by 9.0% in the 2nd quarter. Comerica Bank now owns 32,920 shares of the company’s stock worth $1,206,000 after acquiring an additional 2,709 shares during the period. Bridgewater Associates LP acquired a new stake in shares of Yum China in the 2nd quarter worth about $1,623,000. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Yum China by 4.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 318,438 shares of the company’s stock worth $12,253,000 after acquiring an additional 14,800 shares during the period. Institutional investors own 77.39% of the company’s stock.
A number of analysts recently weighed in on the stock. Zacks Investment Research reaffirmed a “hold” rating on shares of Yum China in a report on Saturday, November 17th. Bank of America raised shares of Yum China from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $34.00 to $35.00 in a report on Wednesday, October 31st. UBS Group cut shares of Yum China from an “outperform” rating to a “market perform” rating in a report on Friday, August 17th. Finally, Oppenheimer cut shares of Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 price objective on the stock. in a report on Friday, August 17th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $42.75.
Yum China (NYSE:YUMC) last released its earnings results on Tuesday, October 30th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Yum China had a net margin of 6.23% and a return on equity of 20.73%. Yum China’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. As a group, research analysts forecast that Yum China Holdings Inc will post 1.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th will be paid a dividend of $0.12 per share. This is a boost from Yum China’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, November 26th. This represents a $0.48 annualized dividend and a yield of 1.34%. Yum China’s dividend payout ratio (DPR) is presently 33.80%.
In other Yum China news, insider Ted Lee sold 3,795 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $36.26, for a total transaction of $137,606.70. Following the transaction, the insider now owns 1,863 shares of the company’s stock, valued at approximately $67,552.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela Ai sold 4,529 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $38.25, for a total transaction of $173,234.25. Following the transaction, the insider now directly owns 9,000 shares in the company, valued at approximately $344,250. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,120 shares of company stock worth $930,188. 0.37% of the stock is owned by corporate insiders.
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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, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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