Yum China Holdings Inc (YUMC) Position Boosted by Comerica Bank

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Comerica Bank lifted its position in shares of Yum China Holdings Inc (NYSE:YUMC) by 7.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 35,462 shares of the company’s stock after buying an additional 2,542 shares during the period. Comerica Bank’s holdings in Yum China were worth $1,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in YUMC. Amussen Hunsaker Associates LLC purchased a new position in shares of Yum China during the second quarter valued at approximately $130,000. Cerebellum GP LLC purchased a new position in shares of Yum China during the third quarter valued at approximately $197,000. CenterStar Asset Management LLC purchased a new position in shares of Yum China during the third quarter valued at approximately $202,000. Tower Research Capital LLC TRC lifted its stake in shares of Yum China by 895.4% during the second quarter. Tower Research Capital LLC TRC now owns 6,261 shares of the company’s stock valued at $240,000 after buying an additional 5,632 shares during the period. Finally, Kovack Advisors Inc. lifted its stake in shares of Yum China by 24.8% during the third quarter. Kovack Advisors Inc. now owns 7,583 shares of the company’s stock valued at $266,000 after buying an additional 1,505 shares during the period. 77.73% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Riu Sun sold 8,405 shares of the stock in a transaction on Monday, November 12th. The shares were sold at an average price of $36.50, for a total value of $306,782.50. Following the completion of the sale, the insider now owns 9,942 shares of the company’s stock, valued at $362,883. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ted Lee sold 3,795 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $36.26, for a total transaction of $137,606.70. Following the completion of the sale, the insider now directly owns 1,863 shares of the company’s stock, valued at approximately $67,552.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,591 shares of company stock worth $756,954. 0.37% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Yum China from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. Bank of America raised shares of Yum China from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $34.00 to $35.00 in a research note on Wednesday, October 31st. UBS Group downgraded shares of Yum China from an “outperform” rating to a “market perform” rating in a research note on Friday, August 17th. Finally, Oppenheimer downgraded shares of Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 price target on the stock. in a research note on Friday, August 17th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.75.

NYSE:YUMC opened at $34.98 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01. The company has a market cap of $13.50 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 1.63 and a beta of 0.55. Yum China Holdings Inc has a fifty-two week low of $30.10 and a fifty-two week high of $48.75.

Yum China (NYSE:YUMC) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. Yum China had a net margin of 6.23% and a return on equity of 20.73%. Yum China’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. On average, equities analysts predict that Yum China Holdings Inc will post 1.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, November 26th. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. This is an increase from Yum China’s previous quarterly dividend of $0.10. Yum China’s dividend payout ratio (DPR) is currently 33.80%.

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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, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.

Further Reading: Dividend Stocks – Are They Right For You?

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Institutional Ownership by Quarter for Yum China (NYSE:YUMC)

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