New York State Common Retirement Fund reduced its stake in Yum China Holdings Inc (NYSE:YUMC) by 17.7% during the fourth quarter, HoldingsChannel reports. The firm owned 750,200 shares of the company’s stock after selling 161,300 shares during the quarter. New York State Common Retirement Fund’s holdings in Yum China were worth $36,017,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in shares of Yum China during the 3rd quarter valued at $126,000. CIBC Private Wealth Group LLC raised its holdings in shares of Yum China by 10.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 504,587 shares of the company’s stock valued at $22,924,000 after purchasing an additional 46,861 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Yum China by 32.5% during the 3rd quarter. Signaturefd LLC now owns 4,854 shares of the company’s stock valued at $221,000 after purchasing an additional 1,191 shares in the last quarter. Advisor Partners LLC raised its holdings in shares of Yum China by 33.1% during the 3rd quarter. Advisor Partners LLC now owns 7,446 shares of the company’s stock valued at $338,000 after purchasing an additional 1,853 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in Yum China by 5.0% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 28,693 shares of the company’s stock worth $1,304,000 after acquiring an additional 1,360 shares during the period. Institutional investors own 81.68% of the company’s stock.
Shares of YUMC opened at $44.85 on Friday. The company has a market capitalization of $16.86 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 5.67 and a beta of 1.16. Yum China Holdings Inc has a one year low of $38.38 and a one year high of $50.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.37 and a quick ratio of 1.18. The company’s fifty day moving average price is $46.37 and its 200 day moving average price is $44.98.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, March 3rd. This represents a $0.48 annualized dividend and a yield of 1.07%. Yum China’s dividend payout ratio (DPR) is presently 25.53%.
Several research analysts recently commented on YUMC shares. 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 target price on the stock. Daiwa Capital Markets downgraded shares of Yum China from an “outperform” rating to a “neutral” rating and set a $44.00 target price on the stock. in a report on Thursday, February 6th. ValuEngine upgraded shares of Yum China from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Nomura reiterated a “buy” rating and issued a $53.70 target price on shares of Yum China in a report on Sunday, February 9th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Yum China presently has a consensus rating of “Buy” and a consensus target price of $50.95.
In other Yum China news, insider Angela Ai sold 15,683 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $45.00, for a total value of $705,735.00. Following the sale, the insider now directly owns 34,737 shares in the company, valued at approximately $1,563,165. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aiken Yuen sold 2,081 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $44.03, for a total transaction of $91,626.43. Following the completion of the sale, the insider now owns 2,690 shares in the company, valued at $118,440.70. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.
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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