Callan Capital LLC grew its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 4.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,535 shares of the company’s stock after acquiring an additional 331 shares during the quarter. Callan Capital LLC’s holdings in Yum China were worth $411,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in Yum China by 32.2% during the fourth quarter. Principal Financial Group Inc. now owns 10,397,321 shares of the company’s stock worth $500,841,000 after buying an additional 2,531,518 shares during the last quarter. Waverton Investment Management Ltd lifted its holdings in shares of Yum China by 350.7% during the 3rd quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company’s stock valued at $189,202,000 after purchasing an additional 3,270,560 shares in the last quarter. FMR LLC lifted its holdings in shares of Yum China by 4,176.5% during the 3rd quarter. FMR LLC now owns 3,588,977 shares of the company’s stock valued at $161,576,000 after purchasing an additional 3,505,053 shares in the last quarter. Temasek Holdings Private Ltd lifted its holdings in shares of Yum China by 61.4% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,942,959 shares of the company’s stock valued at $132,492,000 after purchasing an additional 1,120,054 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Yum China by 21.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,510,386 shares of the company’s stock valued at $113,017,000 after purchasing an additional 441,252 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.
Yum China Stock Down 1.4 %
Shares of Yum China stock opened at $46.62 on Friday. The business’s 50 day simple moving average is $46.72 and its 200 day simple moving average is $43.68. Yum China Holdings, Inc. has a 52-week low of $28.50 and a 52-week high of $52.00. The firm has a market cap of $17.71 billion, a PE ratio of 20.01, a P/E/G ratio of 1.72 and a beta of 0.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.29.
Yum China Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.24 per share. This is a positive change from Yum China’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, March 6th. This represents a $0.96 annualized dividend and a dividend yield of 2.06%. Yum China’s payout ratio is 27.47%.
Insiders Place Their Bets
In other Yum China news, insider Jeff Kuai sold 3,900 shares of the business’s stock in a transaction that occurred on Monday, February 17th. The stock was sold at an average price of $48.21, for a total transaction of $188,019.00. Following the transaction, the insider now owns 56,602 shares of the company’s stock, valued at $2,728,782.42. The trade was a 6.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Duoduo (Howard) Huang sold 6,377 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 16,641 shares in the company, valued at $789,948.27. This trade represents a 27.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on YUMC shares. StockNews.com upgraded Yum China from a “hold” rating to a “buy” rating in a report on Monday, February 17th. JPMorgan Chase & Co. upgraded Yum China from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $35.50 to $60.00 in a report on Tuesday, November 5th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $49.57.
View Our Latest Research Report on Yum China
Yum China Profile
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.
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