Wellington Management Group LLP Sells 304,589 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Wellington Management Group LLP cut its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,341,710 shares of the company’s stock after selling 304,589 shares during the quarter. Wellington Management Group LLP owned approximately 0.62% of Yum China worth $105,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Temasek Holdings Private Ltd grew its position in shares of Yum China by 61.4% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,942,959 shares of the company’s stock worth $132,492,000 after buying an additional 1,120,054 shares during the last quarter. Quantinno Capital Management LP bought a new stake in Yum China in the third quarter valued at $452,000. Integrated Wealth Concepts LLC bought a new stake in Yum China in the third quarter valued at $239,000. Janus Henderson Group PLC purchased a new position in Yum China during the 3rd quarter valued at $2,177,000. Finally, Holocene Advisors LP bought a new position in Yum China in the 3rd quarter worth $13,450,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Yum China Trading Up 5.0 %

Shares of YUMC stock opened at $50.97 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a 12-month low of $28.50 and a 12-month high of $52.00. The stock has a market capitalization of $19.36 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.72 and a beta of 0.36. The firm’s 50 day moving average is $46.89 and its 200 day moving average is $38.20.

Yum China (NYSE:YUMC) last released its quarterly earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the business posted $0.59 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts expect that Yum China Holdings, Inc. will post 2.33 earnings per share for the current year.

Yum China Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Tuesday, November 26th. Yum China’s dividend payout ratio (DPR) is presently 28.32%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on YUMC. StockNews.com upgraded shares of Yum China from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Citigroup upgraded Yum China to a “strong-buy” rating in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. upgraded Yum China from a “neutral” rating to an “overweight” rating and raised their target price for the company from $35.50 to $60.00 in a research note on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $51.68.

Insider Transactions at Yum China

In other news, insider Duoduo (Howard) Huang sold 6,377 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $47.47, for a total value of $302,716.19. Following the completion of the sale, the insider now directly owns 16,641 shares in the company, valued at $789,948.27. This represents a 27.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.30% of the company’s stock.

About Yum China

Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.