Robeco Institutional Asset Management B.V. lifted its position in shares of Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 22.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,056 shares of the company’s stock after purchasing an additional 10,169 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Yum China were worth $2,479,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of YUMC. Confluence Wealth Services Inc. bought a new stake in Yum China during the 3rd quarter worth approximately $268,000. Key Financial Inc boosted its position in shares of Yum China by 540.0% during the third quarter. Key Financial Inc now owns 2,560 shares of the company’s stock valued at $115,000 after buying an additional 2,160 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Yum China by 43.9% during the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock worth $38,000 after buying an additional 258 shares in the last quarter. Capital Advisors Inc. OK raised its position in Yum China by 5.8% in the 3rd quarter. Capital Advisors Inc. OK now owns 19,710 shares of the company’s stock valued at $887,000 after buying an additional 1,082 shares during the last quarter. Finally, Cigna Investments Inc. New lifted its stake in Yum China by 5.9% during the 3rd quarter. Cigna Investments Inc. New now owns 7,690 shares of the company’s stock valued at $346,000 after acquiring an additional 428 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.
Insider Buying and Selling
In related news, insider Jeff Kuai purchased 3,900 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average cost of $32.72 per share, with a total value of $127,608.00. Following the completion of the acquisition, the insider now directly owns 3,900 shares of the company’s stock, valued at approximately $127,608. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CTO Leila Zhang purchased 4,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $33.36 per share, with a total value of $133,440.00. Following the acquisition, the chief technology officer now directly owns 41,339 shares in the company, valued at approximately $1,379,069.04. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeff Kuai acquired 3,900 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $32.72 per share, for a total transaction of $127,608.00. Following the transaction, the insider now directly owns 3,900 shares of the company’s stock, valued at $127,608. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 18,400 shares of company stock valued at $619,671. Company insiders own 0.30% of the company’s stock.
Yum China Price Performance
Yum China (NYSE:YUMC – Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.09. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.03 billion. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS. Analysts anticipate that Yum China Holdings, Inc. will post 2.3 earnings per share for the current year.
Yum China Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, November 26th. Yum China’s payout ratio is currently 28.32%.
Analyst Upgrades and Downgrades
YUMC has been the subject of several analyst reports. StockNews.com upgraded shares of Yum China from a “hold” rating to a “buy” rating in a report on Wednesday. Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and increased their price objective for the company from $30.00 to $37.40 in a research note on Tuesday, August 6th. Citigroup upgraded Yum China to a “strong-buy” rating in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and increased their price target for the company from $35.50 to $60.00 in a research report on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $51.68.
Check Out Our Latest Report on Yum China
About Yum China
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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