Oppenheimer Asset Management Inc. reduced its position in shares of Yum China Holdings Inc (NYSE:YUMC) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,962 shares of the company’s stock after selling 891 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Yum China were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC grew its position in shares of Yum China by 43.6% during the 2nd quarter. William Blair Investment Management LLC now owns 899,682 shares of the company’s stock worth $41,565,000 after buying an additional 272,947 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Yum China by 12.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 365,672 shares of the company’s stock worth $16,894,000 after acquiring an additional 39,600 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in Yum China by 1.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 49,515 shares of the company’s stock worth $2,288,000 after acquiring an additional 500 shares during the period. Prudential Financial Inc. lifted its stake in Yum China by 12.6% in the second quarter. Prudential Financial Inc. now owns 971,534 shares of the company’s stock worth $44,884,000 after acquiring an additional 108,700 shares during the period. Finally, OMERS ADMINISTRATION Corp grew its holdings in Yum China by 48.5% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 267,800 shares of the company’s stock worth $12,540,000 after acquiring an additional 87,500 shares in the last quarter. Institutional investors own 85.19% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Yum China from a “strong-buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a research report on Friday, July 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $51.65.
Yum China (NYSE:YUMC) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.09. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.16 billion. Yum China had a return on equity of 21.03% and a net margin of 7.91%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.36 EPS. Sell-side analysts predict that Yum China Holdings Inc will post 1.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Monday, August 26th. Yum China’s payout ratio is currently 31.37%.
In related news, insider Angela Ai sold 13,477 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $44.74, for a total transaction of $602,960.98. Following the completion of the sale, the insider now owns 28,445 shares of the company’s stock, valued at $1,272,629.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Muktesh Pant sold 88,184 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $45.76, for a total transaction of $4,035,299.84. Following the sale, the director now directly owns 403,163 shares of the company’s stock, valued at approximately $18,448,738.88. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.
About Yum China
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
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