6,772 Shares in Yum China Holdings Inc (YUMC) Purchased by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP acquired a new position in Yum China Holdings Inc (NYSE:YUMC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,772 shares of the company’s stock, valued at approximately $267,000.
Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Yum China by 28.7% in the 2nd quarter. BlackRock Inc. now owns 27,306,495 shares of the company’s stock worth $1,076,695,000 after purchasing an additional 6,087,048 shares during the period. FMR LLC lifted its stake in shares of Yum China by 7.4% in the 2nd quarter. FMR LLC now owns 6,576,492 shares of the company’s stock worth $259,311,000 after purchasing an additional 455,254 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Yum China by 62.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,167,324 shares of the company’s stock worth $164,318,000 after purchasing an additional 1,605,418 shares during the period. Northern Trust Corp lifted its stake in shares of Yum China by 4.4% in the 2nd quarter. Northern Trust Corp now owns 3,716,823 shares of the company’s stock worth $146,554,000 after purchasing an additional 157,477 shares during the period. Finally, Vanguard Group Inc. raised its stake in Yum China by 9.2% during the 2nd quarter. Vanguard Group Inc. now owns 3,553,947 shares of the company’s stock worth $140,133,000 after acquiring an additional 300,116 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.
In related news, insider Angela Ai sold 17,678 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $43.05, for a total value of $761,037.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Danny Tan sold 2,124 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $41.84, for a total transaction of $88,868.16. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
Yum China (NYSE:YUMC) last announced its quarterly earnings data on Thursday, October 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). Yum China had a net margin of 8.43% and a return on equity of 21.35%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the business earned $0.52 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. equities research analysts expect that Yum China Holdings Inc will post 1.44 EPS for the current year.
The firm also recently announced a special dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, November 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 29th. Yum China’s dividend payout ratio (DPR) is presently 6.80%.
A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Yum China from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Morgan Stanley restated an “overweight” rating and set a $45.00 target price on shares of Yum China in a research note on Monday, October 9th. Instinet restated a “buy” rating and set a $51.60 target price (up previously from $51.50) on shares of Yum China in a research note on Monday, October 9th. Nomura assumed coverage on shares of Yum China in a research note on Monday, October 9th. They set a “buy” rating and a $51.60 target price on the stock. Finally, Bank of America restated a “neutral” rating and set a $45.10 target price (up previously from $41.60) on shares of Yum China in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Yum China presently has an average rating of “Hold” and a consensus price target of $43.38.
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Yum China Profile
Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.
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