Yum China Holdings Inc (YUMC) Shares Bought by Shell Asset Management Co.
Shell Asset Management Co. increased its holdings in shares of Yum China Holdings Inc (NYSE:YUMC) by 3.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 184,264 shares of the company’s stock after purchasing an additional 6,695 shares during the quarter. Shell Asset Management Co.’s holdings in Yum China were worth $8,275,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Yum China by 22.7% during the 4th quarter. BlackRock Inc. now owns 32,785,272 shares of the company’s stock valued at $1,099,290,000 after buying an additional 6,066,549 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Yum China by 76.4% during the 1st quarter. JPMorgan Chase & Co. now owns 10,804,636 shares of the company’s stock valued at $485,236,000 after buying an additional 4,679,434 shares during the last quarter. Matthews International Capital Management LLC boosted its stake in shares of Yum China by 2.7% during the 1st quarter. Matthews International Capital Management LLC now owns 5,033,610 shares of the company’s stock valued at $226,059,000 after buying an additional 130,900 shares during the last quarter. Norges Bank purchased a new position in shares of Yum China during the 4th quarter valued at approximately $120,412,000. Finally, FMR LLC boosted its stake in shares of Yum China by 3.6% during the 4th quarter. FMR LLC now owns 2,765,286 shares of the company’s stock valued at $92,720,000 after buying an additional 96,014 shares during the last quarter. 81.72% of the stock is owned by hedge funds and other institutional investors.
In other Yum China news, insider Alice H. Wang sold 1,697 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $46.09, for a total value of $78,214.73. Following the sale, the insider now directly owns 10,120 shares of the company’s stock, valued at $466,430.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shella Ng sold 17,341 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $44.30, for a total value of $768,206.30. Following the completion of the sale, the insider now directly owns 50,365 shares in the company, valued at $2,231,169.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,190 shares of company stock worth $1,412,132. Corporate insiders own 0.44% of the company’s stock.
Yum China (NYSE:YUMC) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.07. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.27 billion. Yum China had a return on equity of 20.36% and a net margin of 7.55%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. On average, research analysts forecast that Yum China Holdings Inc will post 1.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, May 28th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, May 24th. Yum China’s dividend payout ratio is currently 31.37%.
Several equities analysts have recently commented on YUMC shares. Zacks Investment Research cut Yum China from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. OTR Global upgraded Yum China to a “positive” rating in a research note on Thursday, April 11th. TheStreet upgraded Yum China from a “c+” rating to a “b” rating in a research note on Thursday, January 24th. JPMorgan Chase & Co. increased their target price on Yum China from $36.50 to $48.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Finally, Bank of America upgraded Yum China from a “neutral” rating to a “buy” rating and set a $47.20 target price for the company in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Yum China currently has a consensus rating of “Buy” and a consensus price target of $47.88.
About Yum China
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, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
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