Cigna Investments Inc. New Sells 401 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Cigna Investments Inc. New cut its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,289 shares of the company’s stock after selling 401 shares during the period. Cigna Investments Inc. New’s holdings in Yum China were worth $351,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Yum China by 4,176.5% in the 3rd quarter. FMR LLC now owns 3,588,977 shares of the company’s stock valued at $161,576,000 after acquiring an additional 3,505,053 shares during the last quarter. Waverton Investment Management Ltd lifted its stake in shares of Yum China by 350.7% in the 3rd quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company’s stock valued at $189,202,000 after purchasing an additional 3,270,560 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Yum China by 49.6% during the 3rd 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 during the last quarter. Temasek Holdings Private Ltd raised its holdings in Yum China by 61.4% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,942,959 shares of the company’s stock valued at $132,492,000 after buying an additional 1,120,054 shares during the period. Finally, Hhlr Advisors LTD. bought a new stake in Yum China in the third quarter worth $29,977,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on YUMC shares. JPMorgan Chase & Co. raised shares of Yum China from a “neutral” rating to an “overweight” rating and increased their target price for the company from $35.50 to $60.00 in a research note on Tuesday, November 5th. StockNews.com downgraded shares of Yum China from a “buy” rating to a “hold” rating in a report on Sunday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $49.57.

Yum China Stock Performance

YUMC stock opened at $47.43 on Wednesday. The firm has a market cap of $18.01 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.50 and a beta of 0.33. Yum China Holdings, Inc. has a twelve month low of $28.50 and a twelve month high of $52.00. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $46.87 and its two-hundred day simple moving average is $42.66.

Yum China (NYSE:YUMC) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Yum China had a net margin of 8.06% and a return on equity of 13.83%. Analysts predict that Yum China Holdings, Inc. will post 2.55 earnings per share for the current year.

Yum China Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, March 6th. This is a positive change from Yum China’s previous quarterly dividend of $0.16. This represents a $0.96 dividend on an annualized basis and a yield of 2.02%. Yum China’s payout ratio is 27.47%.

Insiders Place Their Bets

In other news, insider Duoduo (Howard) Huang sold 6,377 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $47.47, for a total value of $302,716.19. Following the completion of the sale, the insider now owns 16,641 shares in the company, valued at approximately $789,948.27. The trade was a 27.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

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.