Matthews International Capital Management LLC lowered its position in shares of Yum China Holdings Inc (NYSE:YUMC) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,338,910 shares of the company’s stock after selling 152,900 shares during the quarter. Yum China accounts for approximately 10.8% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Matthews International Capital Management LLC owned 1.42% of Yum China worth $242,547,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Public Employees Retirement Association of Colorado raised its holdings in shares of Yum China by 21.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 9,155 shares of the company’s stock worth $416,000 after purchasing an additional 1,607 shares during the period. Unigestion Holding SA raised its holdings in shares of Yum China by 22.4% in the 3rd quarter. Unigestion Holding SA now owns 399,300 shares of the company’s stock worth $18,140,000 after purchasing an additional 73,200 shares during the period. Mondrian Investment Partners LTD bought a new stake in shares of Yum China in the 3rd quarter worth approximately $42,000. First National Bank of Omaha raised its holdings in shares of Yum China by 14.5% in the 3rd quarter. First National Bank of Omaha now owns 5,023 shares of the company’s stock worth $228,000 after purchasing an additional 636 shares during the period. Finally, British Airways Pensions Investment Management Ltd bought a new stake in shares of Yum China in the 3rd quarter worth approximately $6,624,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on YUMC shares. Zacks Investment Research raised shares of Yum China from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Saturday, September 14th. Jefferies Financial Group started coverage on shares of Yum China in a report on Monday, October 28th. They issued a “buy” rating and a $54.60 price target on the stock. Finally, ValuEngine cut shares of Yum China from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. Yum China has an average rating of “Buy” and an average price target of $51.64.
Yum China (NYSE:YUMC) last issued its earnings results on Tuesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Yum China had a net margin of 8.05% and a return on equity of 21.63%. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, analysts predict that Yum China Holdings Inc will post 1.74 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 dividend on an annualized basis and a yield of 1.10%. Yum China’s payout ratio is 31.37%.
In other Yum China news, insider Angela Ai sold 13,477 shares of the business’s stock in a transaction 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 sale, the insider now owns 28,445 shares of the company’s stock, valued at approximately $1,272,629.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.44% of the company’s stock.
Yum China Company Profile
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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