River & Mercantile Asset Management LLP Purchases 10,031 Shares of Yum China Holdings Inc (YUMC)
River & Mercantile Asset Management LLP grew its stake in Yum China Holdings Inc (NYSE:YUMC) by 8.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 127,320 shares of the company’s stock after acquiring an additional 10,031 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Yum China were worth $4,470,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in YUMC. Amussen Hunsaker Associates LLC bought a new stake in shares of Yum China in the 2nd quarter valued at approximately $130,000. Atlas Capital Advisors LLC bought a new stake in shares of Yum China in the 3rd quarter valued at approximately $139,000. Stratos Wealth Partners LTD. bought a new stake in shares of Yum China in the 3rd quarter valued at approximately $192,000. Cerebellum GP LLC bought a new stake in shares of Yum China in the 3rd quarter valued at approximately $197,000. Finally, CenterStar Asset Management LLC bought a new stake in shares of Yum China in the 3rd quarter valued at approximately $202,000. Institutional investors own 77.73% of the company’s stock.
In related news, insider Ted Lee sold 3,795 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 1,863 shares in the company, valued at approximately $67,552.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Angela Ai sold 8,391 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $37.25, for a total value of $312,564.75. Following the sale, the insider now owns 17,127 shares in the company, valued at $637,980.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,591 shares of company stock worth $756,954. 0.37% of the stock is owned by corporate insiders.
Yum China (NYSE:YUMC) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.24 billion. Yum China had a return on equity of 20.73% and a net margin of 6.23%. Yum China’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. Analysts forecast that Yum China Holdings Inc will post 1.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, November 26th. This is a positive change from Yum China’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. Yum China’s dividend payout ratio is 33.80%.
YUMC has been the topic of several analyst reports. Oppenheimer lowered Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 price objective on the stock. in a research note on Friday, August 17th. UBS Group lowered Yum China from an “outperform” rating to a “market perform” rating in a research note on Friday, August 17th. Zacks Investment Research upgraded Yum China from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Finally, Bank of America upgraded Yum China from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $34.00 to $35.00 in a research note on Wednesday, October 31st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $42.75.
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Yum China 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.
Read More: Return on Equity (ROE)
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