Davis R M Inc. Raises Position in Yum China Holdings Inc (YUMC)
Davis R M Inc. increased its stake in shares of Yum China Holdings Inc (NYSE:YUMC) by 271.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,040 shares of the company’s stock after purchasing an additional 14,649 shares during the period. Davis R M Inc.’s holdings in Yum China were worth $704,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Legacy Advisors LLC grew its stake in Yum China by 660.8% in the 2nd quarter. Legacy Advisors LLC now owns 3,043 shares of the company’s stock worth $117,000 after acquiring an additional 2,643 shares during the period. Amussen Hunsaker Associates LLC purchased a new stake in Yum China in the 2nd quarter worth approximately $130,000. Capital Investment Advisors LLC purchased a new stake in Yum China in the 2nd quarter worth approximately $140,000. Altium Wealth Management LLC purchased a new stake in Yum China in the 1st quarter worth approximately $206,000. Finally, Cerebellum GP LLC purchased a new stake in Yum China in the 3rd quarter worth approximately $197,000. Hedge funds and other institutional investors own 82.63% of the company’s stock.
In related news, insider Angela Ai sold 4,529 shares of Yum China stock in a transaction on Friday, September 7th. The shares were sold at an average price of $38.25, for a total transaction of $173,234.25. Following the transaction, the insider now owns 9,000 shares in the company, valued at approximately $344,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.37% of the company’s stock.
Yum China (NYSE:YUMC) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Yum China had a net margin of 6.45% and a return on equity of 20.94%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. As a group, sell-side analysts expect that Yum China Holdings Inc will post 1.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 19th. Investors of record on Wednesday, August 29th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.22%. Yum China’s payout ratio is 28.17%.
YUMC has been the subject of several recent analyst reports. Bank of America cut shares of Yum China from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $44.30 to $34.00 in a research note on Thursday, July 19th. Oppenheimer cut shares of Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 target price for the company. in a research note on Friday, August 17th. UBS Group cut shares of Yum China from an “outperform” rating to a “market perform” rating in a research note on Friday, August 17th. Zacks Investment Research raised shares of Yum China from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Finally, Macquarie cut shares of Yum China from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.50.
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, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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