Dymon Asia Capital Singapore PTE. LTD. bought a new position in Yum China (NYSE:YUMC – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,700 shares of the company’s stock, valued at approximately $613,000.
A number of other institutional investors have also recently made changes to their positions in YUMC. Bell Investment Advisors Inc grew its stake in shares of Yum China by 95.6% in the second quarter. Bell Investment Advisors Inc now owns 665 shares of the company’s stock worth $30,000 after acquiring an additional 325 shares during the period. SouthState Corp boosted its holdings in Yum China by 4,915.4% in the first quarter. SouthState Corp now owns 652 shares of the company’s stock worth $34,000 after purchasing an additional 639 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Yum China in the 2nd quarter worth approximately $36,000. Atlantic Union Bankshares Corp bought a new stake in Yum China in the 2nd quarter worth approximately $45,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Yum China by 26.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,052 shares of the company’s stock valued at $47,000 after buying an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.
Insider Activity at Yum China
In related news, insider Jeff Kuai sold 5,167 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $48.00, for a total value of $248,016.00. Following the completion of the transaction, the insider owned 56,602 shares of the company’s stock, valued at approximately $2,716,896. This represents a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Warton Wang sold 8,187 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $48.28, for a total value of $395,268.36. Following the sale, the insider directly owned 46,847 shares in the company, valued at approximately $2,261,773.16. This represents a 14.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 18,242 shares of company stock worth $878,397. 0.40% of the stock is owned by corporate insiders.
Yum China Stock Down 0.0%
Yum China (NYSE:YUMC – Get Free Report) last released its earnings results on Tuesday, November 4th. The company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Yum China had a net margin of 7.81% and a return on equity of 14.08%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the firm posted $0.77 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Yum China will post 2.54 earnings per share for the current year.
Yum China Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. Yum China’s payout ratio is 39.83%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on YUMC shares. Weiss Ratings restated a “hold (c)” rating on shares of Yum China in a research note on Wednesday, October 8th. CLSA reissued an “outperform” rating and issued a $55.00 target price on shares of Yum China in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Yum China presently has an average rating of “Buy” and an average target price of $55.00.
Get Our Latest Stock Report on YUMC
Yum China Company Profile
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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