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

Envestnet Asset Management Inc. trimmed its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 275,647 shares of the company’s stock after selling 4,135 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of Yum China worth $8,501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GUARDCAP ASSET MANAGEMENT Ltd grew its stake in Yum China by 38.4% in the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 12,223,942 shares of the company’s stock worth $486,391,000 after acquiring an additional 3,389,987 shares in the last quarter. FIL Ltd increased its holdings in Yum China by 8.3% during the fourth quarter. FIL Ltd now owns 7,584,264 shares of the company’s stock valued at $322,139,000 after buying an additional 582,792 shares during the period. Principal Financial Group Inc. boosted its position in Yum China by 18.9% during the second quarter. Principal Financial Group Inc. now owns 5,256,309 shares of the company’s stock valued at $162,135,000 after purchasing an additional 836,194 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of 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 worth $152,019,000 after acquiring an additional 53,744 shares in the last quarter. Finally, Dodge & Cox increased its position in shares of Yum China by 23,769.2% during the fourth quarter. Dodge & Cox now owns 3,165,531 shares of the company’s stock worth $134,313,000 after purchasing an additional 3,152,269 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $37.40 in a report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.18.

Yum China Trading Up 3.4 %

Shares of NYSE:YUMC opened at $45.33 on Friday. Yum China Holdings, Inc. has a 12-month low of $28.50 and a 12-month high of $56.64. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $33.71 and a two-hundred day moving average of $35.33. The company has a market capitalization of $17.66 billion, a PE ratio of 22.78, a PEG ratio of 1.60 and a beta of 0.34.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.47 by $0.08. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Yum China had a return on equity of 12.41% and a net margin of 7.61%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. As a group, analysts forecast that Yum China Holdings, Inc. will post 2.22 EPS for the current year.

Yum China Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.41%. Yum China’s dividend payout ratio (DPR) is presently 32.16%.

Insider Activity at Yum China

In other Yum China news, insider Warton Wang purchased 3,700 shares of the firm’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 purchase, the insider now directly owns 25,023 shares in the company, valued at approximately $867,547.41. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Jeff Kuai purchased 3,900 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of $32.72 per share, for a total transaction of $127,608.00. Following the completion of the purchase, the insider now directly owns 3,900 shares of the company’s stock, valued at $127,608. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Warton Wang acquired 3,700 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average price of $34.67 per share, for a total transaction of $128,279.00. Following the acquisition, the insider now directly owns 25,023 shares in the company, valued at approximately $867,547.41. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 18,400 shares of company stock valued at $619,671. 0.30% of the stock is currently owned by insiders.

About Yum China

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.