Caisse DE Depot ET Placement DU Quebec Trims Stake in Yum China Holdings, Inc. (NYSE:YUMC)

Caisse DE Depot ET Placement DU Quebec lessened its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 89.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 45,418 shares of the company’s stock after selling 368,700 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Yum China were worth $2,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted 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 acquiring an additional 258 shares during the last quarter. McClarren Financial Advisors Inc. increased its position in shares of 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 acquiring an additional 834 shares during the last quarter. Eagle Bay Advisors LLC boosted its holdings in Yum China by 53.7% in 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 during the period. National Bank of Canada FI increased its stake in Yum China by 140.3% in 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 during the last quarter. Finally, Concord Wealth Partners raised its holdings in shares of Yum China by 56.9% in the third quarter. Concord Wealth Partners now owns 1,571 shares of the company’s stock valued at $71,000 after buying an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Insider Transactions at Yum China

In other Yum China news, insider Duoduo (Howard) Huang sold 6,377 shares of the company’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 directly owns 16,641 shares of the company’s stock, valued at approximately $789,948.27. This represents a 27.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

YUMC has been the topic of a number of analyst reports. Macquarie upgraded Yum China from an “underperform” rating to an “outperform” rating and increased their target price for the company from $30.00 to $37.40 in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised shares of Yum China from a “neutral” rating to an “overweight” rating and raised their target price for the company from $35.50 to $60.00 in a research note on Tuesday, November 5th. Citigroup raised shares of Yum China to a “strong-buy” rating in a research report on Monday, September 30th. Finally, StockNews.com raised shares of Yum China from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $51.68.

Yum China Stock Up 0.1 %

YUMC opened at $46.61 on Tuesday. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $52.00. The stock’s fifty day simple moving average is $46.28 and its 200 day simple moving average is $37.83. The stock has a market cap of $17.70 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.65 and a beta of 0.36. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.77 EPS for the quarter, beating 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 business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Yum China Holdings, Inc. will post 2.33 earnings per share for the current year.

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Tuesday, November 26th. Yum China’s dividend payout ratio is currently 28.32%.

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.