Peapack Gladstone Financial Corp Purchases New Shares in Yum China Holdings, Inc. (NYSE:YUMC)

Peapack Gladstone Financial Corp purchased a new stake in shares of Yum China Holdings, Inc. (NYSE:YUMC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,980 shares of the company’s stock, valued at approximately $944,000.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake 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. McClarren Financial Advisors Inc. raised its stake in Yum China by 906.5% during the third quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock valued at $42,000 after purchasing an additional 834 shares in the last quarter. Eagle Bay Advisors LLC raised its stake in Yum China by 53.7% during the second quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company’s stock valued at $34,000 after purchasing an additional 380 shares in the last quarter. National Bank of Canada FI raised its stake in Yum China by 140.3% during the second quarter. National Bank of Canada FI now owns 1,490 shares of the company’s stock valued at $45,000 after purchasing an additional 870 shares in the last quarter. Finally, Concord Wealth Partners increased its position in Yum China by 56.9% during the third quarter. Concord Wealth Partners now owns 1,571 shares of the company’s stock valued at $71,000 after acquiring an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Yum China from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $35.50 to $60.00 in a research report on Tuesday, November 5th. Citigroup upgraded shares of Yum China to a “strong-buy” rating in a research report on Monday, September 30th. Finally, StockNews.com cut shares of Yum China from a “buy” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $51.68.

Insider Buying and Selling

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

Yum China Trading Down 0.8 %

NYSE YUMC opened at $49.56 on Monday. The company’s 50-day moving average price is $46.89 and its 200-day moving average price is $38.60. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. The stock has a market cap of $18.82 billion, a PE ratio of 21.93, a PEG ratio of 1.76 and a beta of 0.36. Yum China Holdings, Inc. has a 12 month low of $28.50 and a 12 month high of $52.00.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Monday, November 4th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts forecast that Yum China Holdings, Inc. will post 2.33 earnings per share for the current year.

Yum China Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, November 26th. Yum China’s dividend payout ratio (DPR) is presently 28.32%.

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.