Cohen Klingenstein LLC Has $4.40 Million Position in Yum China Holdings, Inc. (NYSE:YUMC)

Cohen Klingenstein LLC cut its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,399 shares of the company’s stock after selling 7,200 shares during the quarter. Cohen Klingenstein LLC’s holdings in Yum China were worth $4,403,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of YUMC. American Century Companies Inc. grew its position in shares of Yum China by 2.6% in the second quarter. American Century Companies Inc. now owns 481,719 shares of the company’s stock valued at $14,856,000 after purchasing an additional 12,273 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Yum China by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,815,869 shares of the company’s stock valued at $56,076,000 after acquiring an additional 19,776 shares during the last quarter. Blair William & Co. IL grew its position in Yum China by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 25,639 shares of the company’s stock worth $791,000 after acquiring an additional 302 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Yum China by 0.7% during the second quarter. Hsbc Holdings PLC now owns 1,864,795 shares of the company’s stock worth $57,556,000 after purchasing an additional 13,178 shares during the last quarter. Finally, Seven Eight Capital LP raised its stake in shares of Yum China by 123.5% in the second quarter. Seven Eight Capital LP now owns 19,897 shares of the company’s stock worth $614,000 after acquiring an additional 10,994 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Yum China Price Performance

Shares of YUMC opened at $44.64 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.15. The company’s 50-day moving average is $47.21 and its 200-day moving average is $40.79. The firm has a market capitalization of $16.95 billion, a PE ratio of 19.75, a PEG ratio of 1.26 and a beta of 0.35. Yum China Holdings, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $52.00.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.09. The business had revenue of $3.07 billion during 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%. During the same quarter in the prior year, the company posted $0.59 earnings per share. Yum China’s revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that Yum China Holdings, Inc. will post 2.33 EPS for the current year.

Yum China Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Tuesday, November 26th. Yum China’s payout ratio is currently 28.32%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com raised shares of Yum China from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. JPMorgan Chase & Co. upgraded shares of Yum China from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $35.50 to $60.00 in a research report on Tuesday, November 5th. Finally, Citigroup raised Yum China to a “strong-buy” rating in a research note on Monday, September 30th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $49.57.

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.