Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC decreased its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMCFree Report) by 10.9% in the 3rd quarter, Holdings Channel reports. The firm owned 6,316 shares of the company’s stock after selling 770 shares during the quarter. New York Life Investment Management LLC’s holdings in Yum China were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in YUMC. E Fund Management Hong Kong Co. Ltd. increased its stake in Yum China by 140.0% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 250,975 shares of the company’s stock valued at $10,187,000 after purchasing an additional 146,410 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Yum China by 2.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,843 shares of the company’s stock valued at $907,000 after purchasing an additional 528 shares during the last quarter. Cetera Advisor Networks LLC increased its stake in Yum China by 7.5% during the first quarter. Cetera Advisor Networks LLC now owns 12,533 shares of the company’s stock valued at $521,000 after purchasing an additional 871 shares during the last quarter. MetLife Investment Management LLC bought a new stake in Yum China during the first quarter valued at $418,000. Finally, Rhumbline Advisers boosted its holdings in shares of Yum China by 5.3% during the first quarter. Rhumbline Advisers now owns 407,659 shares of the company’s stock valued at $16,934,000 after acquiring an additional 20,676 shares during the period. Institutional investors own 73.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on YUMC. TheStreet downgraded shares of Yum China from a “b-” rating to a “c+” rating in a report on Monday, November 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of Yum China in a report on Tuesday, December 19th. They set a “buy” rating and a $58.00 price target for the company. StockNews.com downgraded shares of Yum China from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $38.00 price target (down previously from $65.00) on shares of Yum China in a report on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.63.

View Our Latest Research Report on Yum China

Yum China Price Performance

Shares of Yum China stock opened at $41.10 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $38.99 and its two-hundred day moving average price is $47.36. Yum China Holdings, Inc. has a 52 week low of $33.55 and a 52 week high of $64.70. The stock has a market cap of $17.00 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 0.98 and a beta of 0.42.

Yum China (NYSE:YUMCGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.13 by $0.12. Yum China had a net margin of 7.53% and a return on equity of 11.56%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the business earned $0.13 earnings per share. Yum China’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Yum China Holdings, Inc. will post 2.16 EPS for the current fiscal year.

Yum China Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 5th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, March 4th. This is an increase from Yum China’s previous quarterly dividend of $0.13. Yum China’s payout ratio is presently 26.53%.

Insiders Place Their Bets

In related news, CEO Joey Wat acquired 14,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of $46.26 per share, for a total transaction of $647,640.00. Following the acquisition, the chief executive officer now owns 269,144 shares in the company, valued at $12,450,601.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Warton Wang sold 3,975 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $46.78, for a total value of $185,950.50. Following the transaction, the insider now owns 5,108 shares in the company, valued at approximately $238,952.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joey Wat bought 14,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average price of $46.26 per share, for a total transaction of $647,640.00. Following the acquisition, the chief executive officer now directly owns 269,144 shares in the company, valued at $12,450,601.44. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company’s stock.

Yum China Company Profile

(Free Report)

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, which sells electronics, home and kitchen accessories, and other general merchandise, as well as fried rice, steak, and pasta; and offers online food deliver services.

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Institutional Ownership by Quarter for Yum China (NYSE:YUMC)

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