Fisher Asset Management LLC Lowers Position in Yum China Holdings, Inc. (NYSE:YUMC)

Fisher Asset Management LLC trimmed its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 43.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,625 shares of the company’s stock after selling 6,748 shares during the period. Fisher Asset Management LLC’s holdings in Yum China were worth $388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eagle Bay Advisors LLC raised its position in Yum China by 53.7% during the second quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company’s stock valued at $34,000 after purchasing an additional 380 shares during the period. LRI Investments LLC purchased a new stake in Yum China during the 1st quarter valued at $36,000. Farther Finance Advisors LLC lifted its position in Yum China by 43.9% in the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock worth $38,000 after buying an additional 258 shares during the last quarter. McClarren Financial Advisors Inc. boosted its stake in Yum China by 906.5% during the third quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock worth $42,000 after buying an additional 834 shares during the period. Finally, National Bank of Canada FI increased its position in Yum China by 140.3% during the second quarter. National Bank of Canada FI now owns 1,490 shares of the company’s stock valued at $45,000 after acquiring an additional 870 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on YUMC. JPMorgan Chase & Co. upgraded shares of Yum China from a “neutral” rating to an “overweight” rating and upped their price target for the company from $35.50 to $60.00 in a report on Tuesday, November 5th. Macquarie raised Yum China from an “underperform” rating to an “outperform” rating and raised their price target for the stock from $30.00 to $37.40 in a research note on Tuesday, August 6th. StockNews.com raised Yum China from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Citigroup upgraded Yum China to a “strong-buy” rating in a research report on Monday, September 30th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Yum China has a consensus rating of “Buy” and a consensus target price of $51.68.

Insider Transactions at Yum China

In other news, insider Duoduo (Howard) Huang sold 6,377 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $47.47, for a total value of $302,716.19. Following the completion of the transaction, the insider now directly owns 16,641 shares in the company, valued at $789,948.27. This trade represents a 27.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Yum China Trading Down 0.5 %

NYSE YUMC opened at $46.55 on Friday. Yum China Holdings, Inc. has a 52 week low of $28.50 and a 52 week high of $52.00. The company has a 50 day moving average price of $46.08 and a 200 day moving average price of $37.79. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. The firm has a market cap of $17.68 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.66 and a beta of 0.36.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.03 billion. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. As a group, sell-side analysts forecast that Yum China Holdings, Inc. will post 2.33 EPS for the current fiscal year.

Yum China Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a yield of 1.37%. Yum China’s payout ratio is 28.32%.

Yum China 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.