Atria Investments LLC Sells 2,908 Shares of Yum China Holdings Inc (NYSE:YUMC)

Atria Investments LLC cut its stake in shares of Yum China Holdings Inc (NYSE:YUMC) by 36.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 5,123 shares of the company’s stock after selling 2,908 shares during the period. Atria Investments LLC’s holdings in Yum China were worth $218,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Griffin Asset Management Inc. bought a new stake in Yum China in the 2nd quarter worth approximately $32,000. Westside Investment Management Inc. purchased a new stake in Yum China during the second quarter valued at $34,000. HM Payson & Co. purchased a new stake in Yum China during the second quarter valued at $37,000. Doyle Wealth Management purchased a new stake in Yum China during the second quarter valued at $39,000. Finally, Hanson & Doremus Investment Management purchased a new stake in Yum China in the second quarter worth about $42,000. Institutional investors and hedge funds own 80.61% of the company’s stock.

Shares of YUMC opened at $44.30 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $44.83 and a two-hundred day simple moving average of $44.01. The stock has a market cap of $16.77 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.76 and a beta of 1.13. Yum China Holdings Inc has a 52 week low of $30.60 and a 52 week high of $48.36.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Yum China had a return on equity of 21.03% and a net margin of 7.91%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. On average, equities analysts anticipate that Yum China Holdings Inc will post 1.71 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Monday, August 26th. Yum China’s payout ratio is 31.37%.

In related news, insider Angela Ai sold 13,477 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $44.74, for a total transaction of $602,960.98. Following the completion of the sale, the insider now owns 28,445 shares in the company, valued at $1,272,629.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.44% of the company’s stock.

A number of brokerages have commented on YUMC. Zacks Investment Research upgraded Yum China from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Saturday, September 14th. ValuEngine cut Yum China from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.05.

Yum China Profile

Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.

Further Reading: Stocks Increasing Dividends

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Institutional Ownership by Quarter for Yum China (NYSE:YUMC)

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