Sumitomo Mitsui Trust Group Inc. reduced its position in Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 873,048 shares of the company’s stock after selling 3,523 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Yum China worth $42,055,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in Yum China by 43.9% in the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 258 shares during the last quarter. McClarren Financial Advisors Inc. boosted its stake in shares of Yum China by 906.5% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock valued at $42,000 after buying an additional 834 shares during the last quarter. Concord Wealth Partners grew its position in shares of Yum China by 56.9% during the third quarter. Concord Wealth Partners now owns 1,571 shares of the company’s stock worth $71,000 after buying an additional 570 shares in the last quarter. Eastern Bank bought a new stake in shares of Yum China in the third quarter worth $103,000. Finally, Prospera Private Wealth LLC acquired a new stake in Yum China in the third quarter valued at $110,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.
Yum China Stock Down 0.9 %
YUMC stock opened at $47.99 on Tuesday. The firm has a market cap of $18.23 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.50 and a beta of 0.33. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $52.00. The firm has a fifty day moving average price of $46.84 and a two-hundred day moving average price of $42.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.15.
Yum China Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.24 dividend. This is an increase 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 2.00%. Yum China’s dividend payout ratio (DPR) is 41.20%.
Analyst Ratings Changes
Several brokerages have weighed in on YUMC. StockNews.com lowered shares of Yum China from a “buy” rating to a “hold” rating in a report on Sunday. JPMorgan Chase & Co. upgraded Yum China from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $35.50 to $60.00 in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $49.57.
Read Our Latest Stock Report on Yum China
Insider Activity at Yum China
In other Yum China news, insider Duoduo (Howard) Huang sold 6,377 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $47.47, for a total transaction of $302,716.19. Following the completion of the transaction, the insider now directly owns 16,641 shares of the company’s stock, valued at $789,948.27. The trade was a 27.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.
Yum China Company 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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