CIBC Private Wealth Group LLC Sells 2,669 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

CIBC Private Wealth Group LLC cut its stake in Yum China Holdings, Inc. (NYSE:YUMC) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,297 shares of the company’s stock after selling 2,669 shares during the period. CIBC Private Wealth Group LLC’s holdings in Yum China were worth $3,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. William Blair Investment Management LLC acquired a new position in Yum China during the 4th quarter worth $243,901,000. Mawer Investment Management Ltd. bought a new stake in shares of Yum China during the fourth quarter worth $203,179,000. Norges Bank acquired a new position in shares of Yum China during the fourth quarter valued at $199,722,000. FMR LLC boosted its holdings in Yum China by 4,176.5% in the third quarter. FMR LLC now owns 3,588,977 shares of the company’s stock valued at $161,576,000 after acquiring an additional 3,505,053 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Yum China by 399.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,727,549 shares of the company’s stock worth $179,556,000 after purchasing an additional 2,980,589 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Yum China Stock Up 0.6 %

Shares of Yum China stock opened at $53.28 on Thursday. Yum China Holdings, Inc. has a 12 month low of $28.50 and a 12 month high of $53.99. The business has a fifty day simple moving average of $49.18 and a 200 day simple moving average of $47.03. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. The stock has a market cap of $20.04 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.72 and a beta of 0.32.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Yum China had a net margin of 8.06% and a return on equity of 13.83%. Research analysts predict that Yum China Holdings, Inc. will post 2.54 EPS for the current year.

Yum China Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from Yum China’s previous quarterly dividend of $0.16. Yum China’s dividend payout ratio is currently 41.20%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Yum China from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Insiders Place Their Bets

In other Yum China news, CTO Leila Zhang sold 4,000 shares of Yum China stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $50.59, for a total value of $202,360.00. Following the transaction, the chief technology officer now owns 52,075 shares of the company’s stock, valued at approximately $2,634,474.25. The trade was a 7.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joey Wat sold 37,252 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $49.71, for a total transaction of $1,851,796.92. Following the sale, the chief executive officer now directly owns 382,657 shares of the company’s stock, valued at $19,021,879.47. This represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,152 shares of company stock worth $2,242,176. Corporate insiders own 0.30% of the company’s stock.

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.