abrdn plc Has $16.88 Million Stake in Yum China Holdings, Inc. (NYSE:YUMC)

abrdn plc lowered its stake in Yum China Holdings, Inc. (NYSE:YUMC) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 370,529 shares of the company’s stock after selling 1,386 shares during the period. abrdn plc owned 0.10% of Yum China worth $16,879,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Private Advisor Group LLC lifted its stake in shares of Yum China by 27.8% in the 1st quarter. Private Advisor Group LLC now owns 13,815 shares of the company’s stock valued at $550,000 after purchasing an additional 3,009 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of Yum China during the 1st quarter worth about $1,474,000. BNP Paribas bought a new stake in shares of Yum China in the 1st quarter valued at about $101,000. Nordea Investment Management AB raised its position in shares of Yum China by 58.0% in the 1st quarter. Nordea Investment Management AB now owns 584,041 shares of the company’s stock valued at $23,128,000 after acquiring an additional 214,420 shares during the period. Finally, Value Partners Investments Inc. boosted its stake in Yum China by 11.7% during the 1st quarter. Value Partners Investments Inc. now owns 190,950 shares of the company’s stock worth $7,598,000 after acquiring an additional 20,000 shares during the last quarter. Institutional investors own 85.58% of the company’s stock.

Yum China Price Performance

Shares of NYSE YUMC opened at $45.08 on Friday. The company has a fifty day moving average price of $40.39 and a 200 day moving average price of $36.36. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $51.68. The firm has a market cap of $17.33 billion, a PE ratio of 21.78, a PEG ratio of 1.66 and a beta of 0.35. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC) last announced its earnings results on Monday, August 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the firm earned $0.47 EPS. Yum China’s revenue for the quarter was up .9% compared to the same quarter last year. Research analysts predict that Yum China Holdings, Inc. will post 2.23 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum China’s payout ratio is 30.92%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Citigroup upgraded shares of Yum China to a “strong-buy” rating in a report on Monday, September 30th. Macquarie raised Yum China from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $37.40 in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Yum China has an average rating of “Buy” and a consensus price target of $46.18.

Insider Activity at Yum China

In other Yum China news, insider Warton Wang acquired 3,700 shares of Yum China stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $34.67 per share, for a total transaction of $128,279.00. Following the purchase, the insider now directly owns 25,023 shares in the company, valued at approximately $867,547.41. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Jeff Kuai bought 3,900 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $32.72 per share, for a total transaction of $127,608.00. Following the completion of the acquisition, the insider now owns 3,900 shares in the company, valued at approximately $127,608. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Warton Wang purchased 3,700 shares of the business’s stock in a transaction on Friday, August 16th. The stock was purchased at an average price of $34.67 per share, with a total value of $128,279.00. Following the purchase, the insider now owns 25,023 shares of the company’s stock, valued at approximately $867,547.41. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 18,400 shares of company stock valued at $619,671. Corporate 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.