New York Life Investment Management LLC Sells 4,603 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

New York Life Investment Management LLC lessened its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,684 shares of the company’s stock after selling 4,603 shares during the quarter. New York Life Investment Management LLC’s holdings in Yum China were worth $1,960,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kentucky Trust Co purchased a new stake in shares of Yum China during the 4th quarter valued at about $29,000. Farther Finance Advisors LLC grew its position in Yum China by 43.9% during the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock valued at $38,000 after buying an additional 258 shares during the period. Prospera Private Wealth LLC purchased a new stake in Yum China during the third quarter valued at approximately $110,000. Independence Bank of Kentucky raised its position in Yum China by 1,374.5% in the fourth quarter. Independence Bank of Kentucky now owns 2,949 shares of the company’s stock worth $142,000 after acquiring an additional 2,749 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Yum China during the 3rd quarter worth $139,000. Institutional investors own 85.58% of the company’s stock.

Yum China Stock Down 1.6 %

YUMC opened at $49.40 on Monday. The stock has a market cap of $18.76 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth 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. The firm’s fifty day moving average is $46.69 and its 200 day moving average is $44.21. Yum China Holdings, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $52.00.

Yum China (NYSE:YUMC) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Yum China had a net margin of 8.06% and a return on equity of 13.83%. On average, sell-side analysts forecast that Yum China Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Yum China Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.94%. This is a boost from Yum China’s previous quarterly dividend of $0.16. Yum China’s dividend payout ratio (DPR) is presently 41.20%.

Insider Transactions at Yum China

In related news, insider Jeff Kuai sold 3,900 shares of the business’s stock in a transaction dated Monday, February 17th. The stock was sold at an average price of $48.21, for a total value of $188,019.00. Following the sale, the insider now directly owns 56,602 shares in the company, valued at approximately $2,728,782.42. The trade was a 6.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Yum China from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $35.50 to $60.00 in a research note on Tuesday, November 5th. StockNews.com cut Yum China from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $49.57.

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.