Fuller & Thaler Asset Management Inc. cut its stake in Yum China Holdings Inc (NYSE:YUMC) by 10.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,518 shares of the company’s stock after selling 13,315 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Yum China were worth $3,810,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Amussen Hunsaker Associates LLC bought a new stake in shares of Yum China in the second quarter worth approximately $130,000. Atlas Capital Advisors LLC bought a new stake in shares of Yum China in the third quarter worth approximately $139,000. Stratos Wealth Partners LTD. bought a new stake in shares of Yum China in the third quarter worth approximately $192,000. Cerebellum GP LLC bought a new stake in shares of Yum China in the third quarter worth approximately $197,000. Finally, CenterStar Asset Management LLC bought a new stake in shares of Yum China in the third quarter worth approximately $202,000. Hedge funds and other institutional investors own 77.39% of the company’s stock.
Shares of NYSE YUMC opened at $35.83 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.72 and a quick ratio of 1.49. The company has a market cap of $13.56 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 1.64 and a beta of 0.56. Yum China Holdings Inc has a 12-month low of $30.10 and a 12-month high of $48.75.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.34%. This is a positive change from Yum China’s previous quarterly dividend of $0.10. The ex-dividend date is Monday, November 26th. Yum China’s payout ratio is 33.80%.
A number of analysts have recently commented on YUMC shares. Zacks Investment Research reiterated a “hold” rating on shares of Yum China in a research note on Saturday, November 17th. UBS Group lowered shares of Yum China from an “outperform” rating to a “market perform” rating in a research note on Friday, August 17th. Oppenheimer lowered shares of Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 price target for the company. in a research note on Friday, August 17th. Finally, Bank of America upgraded shares of Yum China from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $34.00 to $35.00 in a research note on Wednesday, October 31st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Yum China currently has a consensus rating of “Hold” and an average target price of $42.75.
In related news, insider Angela Ai sold 4,529 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $38.25, for a total transaction of $173,234.25. Following the completion of the sale, the insider now directly owns 9,000 shares in the company, valued at $344,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Riu Sun sold 8,405 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $36.50, for a total transaction of $306,782.50. Following the sale, the insider now owns 9,942 shares of the company’s stock, valued at $362,883. The disclosure for this sale can be found here. Insiders have sold 25,120 shares of company stock valued at $930,188 over the last 90 days. 0.37% of the stock is currently owned by company insiders.
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.
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