Hexavest Inc. Raises Holdings in Yum China Holdings Inc (YUMC)
Hexavest Inc. raised its position in Yum China Holdings Inc (NYSE:YUMC) by 45.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,851 shares of the company’s stock after buying an additional 22,809 shares during the quarter. Hexavest Inc.’s holdings in Yum China were worth $3,272,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boyd Watterson Asset Management LLC OH raised its position in Yum China by 1.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 26,990 shares of the company’s stock valued at $1,212,000 after purchasing an additional 270 shares during the last quarter. Triangle Securities Wealth Management bought a new position in Yum China in the first quarter valued at about $261,000. Legacy Advisors LLC bought a new position in Yum China in the first quarter valued at about $137,000. Chesley Taft & Associates LLC bought a new position in Yum China in the first quarter valued at about $208,000. Finally, BigSur Wealth Management LLC bought a new position in Yum China in the first quarter valued at about $225,000. 78.11% of the stock is currently owned by institutional investors.
Shares of YUMC opened at $43.60 on Thursday. Yum China Holdings Inc has a 1 year low of $30.10 and a 1 year high of $46.19. The company has a quick ratio of 1.31, a current ratio of 1.56 and a debt-to-equity ratio of 0.01. The stock has a market cap of $16.55 billion, a PE ratio of 28.50, a P/E/G ratio of 3.05 and a beta of 0.80.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 28th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $0.48 annualized dividend and a yield of 1.10%. Yum China’s dividend payout ratio is currently 31.37%.
In related news, CFO Jacky Wei-Jye Lo sold 1,724 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.00, for a total transaction of $77,580.00. Following the completion of the sale, the chief financial officer now owns 9,008 shares of the company’s stock, valued at $405,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ted Lee sold 2,246 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $40.98, for a total value of $92,041.08. Following the sale, the insider now directly owns 1,863 shares of the company’s stock, valued at approximately $76,345.74. The disclosure for this sale can be found here. Insiders have sold 59,732 shares of company stock valued at $2,541,095 in the last ninety days. 0.44% of the stock is currently owned by insiders.
Several equities analysts have commented on YUMC shares. Zacks Investment Research downgraded Yum China from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. TheStreet upgraded Yum China from a “c+” rating to a “b” rating in a research report on Thursday, January 24th. Finally, JPMorgan Chase & Co. increased their target price on Yum China from $36.50 to $48.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $41.25.
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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, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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