Heritage Investors Management Corp Has $19.63 Million Position in Yum China Holdings, Inc. (NYSE:YUMC)

Heritage Investors Management Corp reduced its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 436,102 shares of the company’s stock after selling 4,429 shares during the period. Heritage Investors Management Corp’s holdings in Yum China were worth $19,633,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in YUMC. Eagle Bay Advisors LLC grew its holdings in shares of Yum China by 53.7% during the second quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company’s stock worth $34,000 after buying an additional 380 shares in the last quarter. LRI Investments LLC acquired a new stake in Yum China in the 1st quarter valued at $36,000. Farther Finance Advisors LLC lifted its position in Yum China by 43.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock worth $38,000 after buying an additional 258 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Yum China in the first quarter valued at about $39,000. Finally, McClarren Financial Advisors Inc. boosted its position 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 during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Yum China Stock Performance

Shares of YUMC traded up $0.12 during midday trading on Tuesday, reaching $48.42. 275,324 shares of the stock were exchanged, compared to its average volume of 3,240,989. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $40.92 and its 200 day simple moving average is $36.48. Yum China Holdings, Inc. has a twelve month low of $28.50 and a twelve month high of $51.68. The company has a market cap of $18.61 billion, a P/E ratio of 23.33, a PEG ratio of 1.67 and a beta of 0.36.

Yum China (NYSE:YUMC) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.09. Yum China had a net margin of 7.61% and a return on equity of 12.41%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the business posted $0.59 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that Yum China Holdings, Inc. will post 2.23 earnings per share for the current year.

Yum China Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.32%. Yum China’s payout ratio is currently 30.92%.

Insider Activity at Yum China

In other Yum China news, insider Jeff Kuai bought 3,900 shares of Yum China stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $32.72 per share, with a total value of $127,608.00. Following the acquisition, the insider now directly owns 3,900 shares of the company’s stock, valued at $127,608. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Jeff Kuai purchased 3,900 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $32.72 per share, with a total value of $127,608.00. Following the completion of the purchase, the insider now owns 3,900 shares in the company, valued at approximately $127,608. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joey Wat bought 3,800 shares of Yum China stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average price of $33.98 per share, for a total transaction of $129,124.00. Following the completion of the acquisition, the chief executive officer now directly owns 272,944 shares of the company’s stock, valued at $9,274,637.12. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 18,400 shares of company stock valued at $619,671. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on YUMC. Citigroup upgraded shares of Yum China to a “strong-buy” rating in a research note on Monday, September 30th. Macquarie upgraded Yum China from an “underperform” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $37.40 in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Yum China presently has an average rating of “Buy” and a consensus target price of $46.18.

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.