Range Financial Group LLC Buys 11,691 Shares of Yum China $YUMC

Range Financial Group LLC bought a new stake in Yum China (NYSE:YUMC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,691 shares of the company’s stock, valued at approximately $480,000.

Several other hedge funds and other institutional investors also recently modified their holdings of YUMC. Vontobel Holding Ltd. raised its holdings in shares of Yum China by 19.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 2,120,887 shares of the company’s stock worth $87,168,000 after buying an additional 339,552 shares in the last quarter. Hanson & Doremus Investment Management boosted its stake in Yum China by 0.9% in the third quarter. Hanson & Doremus Investment Management now owns 51,307 shares of the company’s stock valued at $2,109,000 after buying an additional 469 shares in the last quarter. Ninety One UK Ltd boosted its stake in Yum China by 17.9% in the third quarter. Ninety One UK Ltd now owns 442,523 shares of the company’s stock valued at $18,188,000 after buying an additional 67,333 shares in the last quarter. Euro Pacific Asset Management LLC acquired a new stake in Yum China in the third quarter valued at about $220,000. Finally, Farther Finance Advisors LLC grew its position in Yum China by 38.8% in the third quarter. Farther Finance Advisors LLC now owns 3,344 shares of the company’s stock valued at $137,000 after acquiring an additional 934 shares during the last quarter. Institutional investors own 85.58% of the company’s stock.

Insider Transactions at Yum China

In other news, insider Jeff Kuai sold 14,586 shares of Yum China stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $47.72, for a total transaction of $696,043.92. Following the sale, the insider directly owned 63,541 shares of the company’s stock, valued at approximately $3,032,176.52. This trade represents a 18.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Duoduo (Howard) Huang sold 24,096 shares of Yum China stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $47.08, for a total value of $1,134,439.68. Following the sale, the insider directly owned 7,589 shares in the company, valued at $357,290.12. The trade was a 76.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.44% of the stock is owned by corporate insiders.

Yum China Stock Performance

NYSE YUMC opened at $44.51 on Thursday. The firm’s fifty day moving average price is $43.65 and its two-hundred day moving average price is $44.72. The stock has a market cap of $15.24 billion, a PE ratio of 16.52, a PEG ratio of 1.19 and a beta of 0.07. Yum China has a fifty-two week low of $39.72 and a fifty-two week high of $58.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.78 and a current ratio of 0.96.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. Yum China had a net margin of 7.84% and a return on equity of 15.82%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the business earned $0.58 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities analysts expect that Yum China will post 2.95 EPS for the current fiscal year.

Yum China Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, August 27th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, August 27th. This represents a $1.16 dividend on an annualized basis and a yield of 2.6%. Yum China’s payout ratio is currently 42.49%.

Analyst Ratings Changes

YUMC has been the subject of several research analyst reports. Wall Street Zen downgraded Yum China from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. The Goldman Sachs Group restated a “buy” rating and issued a $59.00 price target on shares of Yum China in a research note on Thursday, July 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Yum China in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.21.

Yum China Profile

Yum China Holdings, Inc is a restaurant company focused on operating and developing quick-service and casual-dining brands in China. Headquartered in Shanghai, the company serves customers across mainland China through a large network of company-owned and franchised restaurants, supported by digital ordering, delivery and loyalty platforms.

Its principal brands include KFC, Pizza Hut and Taco Bell, for which Yum China holds the exclusive rights to operate and franchise restaurants in China.