Bank of Montreal Can Purchases 154,782 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Bank of Montreal Can grew its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 51.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 457,205 shares of the company’s stock after buying an additional 154,782 shares during the period. Bank of Montreal Can’s holdings in Yum China were worth $14,100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Corient Private Wealth LLC lifted its holdings in Yum China by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 38,838 shares of the company’s stock valued at $1,648,000 after acquiring an additional 2,166 shares during the period. US Bancorp DE lifted its stake in shares of Yum China by 16.7% in the 4th quarter. US Bancorp DE now owns 39,528 shares of the company’s stock worth $1,677,000 after purchasing an additional 5,649 shares during the period. Advisory Services Network LLC bought a new stake in Yum China during the fourth quarter valued at approximately $171,000. Campbell & CO Investment Adviser LLC purchased a new stake in Yum China during the fourth quarter valued at approximately $1,328,000. Finally, KBC Group NV raised its position in Yum China by 4.7% in the fourth quarter. KBC Group NV now owns 318,006 shares of the company’s stock worth $13,493,000 after acquiring an additional 14,296 shares during the period. 85.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Yum China

In related news, Director Robert Blaine Aiken, Jr. bought 3,000 shares of the stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $33.74 per share, with a total value of $101,220.00. Following the completion of the acquisition, the director now owns 12,088 shares of the company’s stock, valued at $407,849.12. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Warton Wang acquired 3,700 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost of $34.67 per share, with a total value of $128,279.00. Following the acquisition, the insider now directly owns 25,023 shares of the company’s stock, valued at $867,547.41. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert Blaine Aiken, Jr. bought 3,000 shares of the stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $33.74 per share, with a total value of $101,220.00. Following the completion of the transaction, the director now directly owns 12,088 shares in the company, valued at approximately $407,849.12. The disclosure for this purchase can be found here. Insiders purchased a total of 18,400 shares of company stock valued at $619,671 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

Yum China Stock Performance

YUMC opened at $45.35 on Friday. The company has a 50 day simple moving average of $33.71 and a two-hundred day simple moving average of $35.33. 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 firm has a market cap of $17.67 billion, a P/E ratio of 22.79, a PEG ratio of 1.60 and a beta of 0.34. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $56.64.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the business posted $0.47 EPS. Yum China’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts forecast that Yum China Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

Yum China Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th were paid a $0.16 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $0.64 annualized dividend and a yield of 1.41%. Yum China’s payout ratio is 32.16%.

Wall Street Analysts Forecast Growth

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

Yum China Company 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.