Sumitomo Mitsui Trust Holdings Inc. Cuts Stock Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Sumitomo Mitsui Trust Holdings Inc. decreased its position in Yum China Holdings, Inc. (NYSE:YUMC) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 903,318 shares of the company’s stock after selling 33,637 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Yum China were worth $27,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. GUARDCAP ASSET MANAGEMENT Ltd raised its position in shares of Yum China by 38.4% during the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 12,223,942 shares of the company’s stock valued at $486,391,000 after buying an additional 3,389,987 shares in the last quarter. FIL Ltd lifted its stake in shares of Yum China by 8.3% in the 4th quarter. FIL Ltd now owns 7,584,264 shares of the company’s stock valued at $322,139,000 after purchasing an additional 582,792 shares during the last quarter. Norges Bank purchased a new position in shares of Yum China in the 4th quarter worth approximately $265,777,000. Principal Financial Group Inc. increased its position in shares of Yum China by 11.5% during the 1st quarter. Principal Financial Group Inc. now owns 4,420,115 shares of the company’s stock valued at $175,649,000 after purchasing an additional 454,204 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Yum China by 1.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,820,531 shares of the company’s stock valued at $152,019,000 after buying an additional 53,744 shares during the period. Institutional investors own 85.58% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Macquarie raised shares of Yum China from an “underperform” rating to an “outperform” rating and lifted their price objective for the stock from $30.00 to $37.40 in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.20.

Insider Buying and Selling

In related news, insider Warton Wang bought 3,700 shares of the company’s stock in a transaction on Friday, August 16th. The shares were acquired at an average cost of $34.67 per share, for a total transaction of $128,279.00. Following the purchase, the insider now directly owns 25,023 shares of the company’s stock, valued at $867,547.41. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Warton Wang purchased 3,700 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $34.67 per share, with a total value of $128,279.00. Following the transaction, the insider now owns 25,023 shares of the company’s stock, valued at $867,547.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeff Kuai acquired 3,900 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of $32.72 per share, with a total value of $127,608.00. Following the completion of the purchase, the insider now owns 3,900 shares of the company’s stock, valued at $127,608. The disclosure for this purchase can be found here. Insiders have purchased 18,400 shares of company stock valued at $619,671 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Yum China Stock Up 0.9 %

Shares of NYSE:YUMC opened at $33.85 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.23 and a quick ratio of 1.09. The business has a 50 day simple moving average of $31.78 and a two-hundred day simple moving average of $36.41. Yum China Holdings, Inc. has a 1 year low of $28.50 and a 1 year high of $58.21. The firm has a market capitalization of $13.01 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.39 and a beta of 0.33.

Yum China (NYSE:YUMC) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. Yum China had a return on equity of 12.41% and a net margin of 7.61%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the business earned $0.47 EPS. Yum China’s revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Yum China Holdings, Inc. will post 2.2 EPS for the current year.

Yum China Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, August 27th. Yum China’s payout ratio is presently 32.16%.

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.