BOK Financial Private Wealth Inc. reduced its position in shares of Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 20.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,312 shares of the company’s stock after selling 830 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Yum China were worth $160,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in YUMC. Farther Finance Advisors LLC raised its position in Yum China by 43.9% during the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 258 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Yum China by 22.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 55,056 shares of the company’s stock valued at $2,479,000 after purchasing an additional 10,169 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in Yum China during the third quarter valued at approximately $220,000. Principal Financial Group Inc. raised its position in Yum China by 49.6% during the third quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company’s stock valued at $356,206,000 after purchasing an additional 2,609,494 shares in the last quarter. Finally, Assetmark Inc. raised its position in Yum China by 6.1% during the third quarter. Assetmark Inc. now owns 114,628 shares of the company’s stock valued at $5,161,000 after purchasing an additional 6,632 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.
Yum China Stock Up 0.8 %
Shares of NYSE:YUMC opened at $49.72 on Monday. The company has a fifty day moving average of $46.67 and a 200-day moving average of $44.84. The company has a market capitalization of $18.70 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.72 and a beta of 0.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.29. Yum China Holdings, Inc. has a 52-week low of $28.50 and a 52-week high of $52.00.
Yum China Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.24 dividend. This is a boost from Yum China’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.96 annualized dividend and a dividend yield of 1.93%. Yum China’s payout ratio is currently 41.20%.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Yum China from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.
Get Our Latest Stock Report on YUMC
Insider Buying and Selling
In related news, insider Jeff Kuai sold 3,900 shares of the business’s stock in a transaction on Monday, February 17th. The shares were sold at an average price of $48.21, for a total value of $188,019.00. Following the sale, the insider now owns 56,602 shares of the company’s stock, valued at $2,728,782.42. The trade was a 6.45 % 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. Also, CEO Joey Wat sold 37,252 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $49.71, for a total transaction of $1,851,796.92. Following the completion of the sale, the chief executive officer now directly owns 382,657 shares in the company, valued at approximately $19,021,879.47. This represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.
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.
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