Bank of Montreal Can Trims Stake in Yum China Holdings, Inc. (NYSE:YUMC)

Bank of Montreal Can reduced its stake in shares of Yum China Holdings, Inc. (NYSE:YUMCGet Rating) by 3.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 231,097 shares of the company’s stock after selling 8,663 shares during the period. Bank of Montreal Can owned approximately 0.05% of Yum China worth $11,095,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Westpac Banking Corp lifted its holdings in shares of Yum China by 208.3% during the 2nd quarter. Westpac Banking Corp now owns 402,789 shares of the company’s stock worth $19,535,000 after acquiring an additional 272,126 shares during the last quarter. Platinum Investment Management Ltd. lifted its stake in Yum China by 262.5% in the second quarter. Platinum Investment Management Ltd. now owns 395,751 shares of the company’s stock worth $19,194,000 after purchasing an additional 286,572 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in Yum China in the second quarter worth $474,000. Harvest Fund Management Co. Ltd lifted its stake in Yum China by 2.0% in the second quarter. Harvest Fund Management Co. Ltd now owns 174,007 shares of the company’s stock worth $8,446,000 after purchasing an additional 3,373 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in Yum China by 2.4% in the second quarter. Synovus Financial Corp now owns 25,424 shares of the company’s stock worth $1,232,000 after purchasing an additional 595 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

YUMC has been the subject of several recent research reports. StockNews.com raised shares of Yum China from a “hold” rating to a “buy” rating in a research note on Thursday, November 3rd. TheStreet raised shares of Yum China from a “c+” rating to a “b-” rating in a research note on Tuesday, November 15th.

Yum China Stock Performance

Shares of NYSE:YUMC opened at $52.25 on Thursday. The company has a market cap of $21.86 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 4.54 and a beta of 0.46. The company has a 50-day moving average price of $47.91 and a 200-day moving average price of $46.42. The company has a current ratio of 2.24, a quick ratio of 2.09 and a debt-to-equity ratio of 0.26. Yum China Holdings, Inc. has a 12 month low of $33.55 and a 12 month high of $55.18.

Yum China (NYSE:YUMCGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.32 by $0.17. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.69 billion. Yum China had a net margin of 8.84% and a return on equity of 5.39%. As a group, equities analysts anticipate that Yum China Holdings, Inc. will post 1.05 EPS for the current year.

Yum China Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Tuesday, November 29th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, November 28th. Yum China’s dividend payout ratio (DPR) is 23.76%.

Insider Activity

In other news, CTO Leila Zhang sold 1,176 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $53.51, for a total transaction of $62,927.76. Following the completion of the transaction, the chief technology officer now directly owns 8,399 shares of the company’s stock, valued at $449,430.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Fred Hu sold 3,193,127 shares of the business’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $45.12, for a total transaction of $144,073,890.24. Following the transaction, the director now owns 13,171,651 shares in the company, valued at $594,304,893.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Leila Zhang sold 1,176 shares of the company’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $53.51, for a total transaction of $62,927.76. Following the completion of the sale, the chief technology officer now owns 8,399 shares in the company, valued at approximately $449,430.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,204,362 shares of company stock valued at $144,655,851. Insiders own 0.26% of the company’s stock.

About Yum China

(Get Rating)

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

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

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