Yum China (NYSE:YUMC) Stock: Insider Jerry Ding Sells 3,000 Shares

Yum China (NYSE:YUMC) insider Jerry Ding sold 3,000 shares of Yum China stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $49.78, for a total value of $149,340.00. Following the completion of the sale, the insider owned 1,305 shares of the company’s stock, valued at approximately $64,962.90. The trade was a 69.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Yum China Stock Performance

Yum China stock opened at $49.04 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.01. Yum China has a 1 year low of $39.72 and a 1 year high of $58.39. The company has a market cap of $16.52 billion, a PE ratio of 17.03, a PEG ratio of 1.29 and a beta of 0.06. The company’s 50-day moving average is $43.77 and its two-hundred day moving average is $46.86.

Yum China (NYSE:YUMC) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.50 billion. Yum China had a net margin of 7.90% and a return on equity of 16.48%. Yum China’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 earnings per share. Equities analysts anticipate that Yum China will post 2.95 earnings per share for the current year.

Yum China Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, December 1st. Yum China’s payout ratio is presently 40.28%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings raised Yum China from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, November 2nd. Wall Street Zen downgraded shares of Yum China from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $59.00 target price on shares of Yum China in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.21.

Institutional Investors Weigh In On Yum China

Hedge funds and other institutional investors have recently made changes to their positions in the stock. W1M Asset Management Ltd bought a new stake in shares of Yum China in the second quarter valued at about $320,227,000. Bank of New York Mellon Corp bought a new position in shares of Yum China during the second quarter worth about $146,826,000. Bank of America Corp DE acquired a new stake in Yum China in the 2nd quarter valued at approximately $96,255,000. Legal & General Group Plc acquired a new stake in Yum China in the 2nd quarter valued at approximately $76,294,000. Finally, Hsbc Holdings PLC bought a new stake in Yum China in the 2nd quarter valued at approximately $61,637,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

About Yum China

Yum China Holdings operates quick-service and casual-dining restaurants in China. Its portfolio includes KFC and Pizza Hut, along with local and regional brands such as Little Sheep and Huang Ji Huang. The company was separated from Yum! Brands in 2016 and became an independent, publicly traded company. Its restaurants serve a range of meals and beverages, including fried chicken, burgers, pizza, hot pot and other Chinese-style dishes, as well as coffee. Yum China also offers delivery and digital ordering services through its apps and other platforms.