Traders Buy Shares of Yum China (YUMC) on Weakness
Investors bought shares of Yum China Holdings Inc (NYSE:YUMC) on weakness during trading on Wednesday. $30.33 million flowed into the stock on the tick-up and $15.20 million flowed out of the stock on the tick-down, for a money net flow of $15.13 million into the stock. Of all stocks tracked, Yum China had the 26th highest net in-flow for the day. Yum China traded down ($0.14) for the day and closed at $41.00
Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of Yum China from a “sell” rating to a “hold” rating in a report on Monday, February 4th. TheStreet raised shares of Yum China from a “c+” rating to a “b” rating in a report on Thursday, January 24th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Yum China has a consensus rating of “Hold” and an average price target of $38.67.
The company has a market capitalization of $15.91 billion, a P/E ratio of 27.43, a P/E/G ratio of 2.91 and a beta of 0.78. The company has a current ratio of 1.56, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, February 28th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.14%. Yum China’s dividend payout ratio is presently 31.37%.
In other news, insider Alice H. Wang sold 4,238 shares of Yum China stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $41.98, for a total value of $177,911.24. Following the completion of the sale, the insider now directly owns 15,500 shares in the company, valued at $650,690. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela Ai sold 7,368 shares of Yum China stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $42.00, for a total transaction of $309,456.00. Following the completion of the sale, the insider now owns 16,382 shares of the company’s stock, valued at $688,044. The disclosure for this sale can be found here. Insiders sold 36,607 shares of company stock valued at $1,516,634 over the last quarter. Company insiders own 0.37% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in YUMC. BlackRock Inc. grew its position in Yum China by 22.7% during the fourth quarter. BlackRock Inc. now owns 32,785,272 shares of the company’s stock valued at $1,099,290,000 after buying an additional 6,066,549 shares during the period. Norges Bank bought a new stake in Yum China during the fourth quarter valued at approximately $120,412,000. Clearbridge Investments LLC grew its position in Yum China by 8.9% during the third quarter. Clearbridge Investments LLC now owns 11,584,404 shares of the company’s stock valued at $406,728,000 after buying an additional 945,546 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in Yum China by 52.6% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,756,715 shares of the company’s stock valued at $58,903,000 after buying an additional 605,370 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in Yum China by 4.0% during the third quarter. Loomis Sayles & Co. L P now owns 15,340,589 shares of the company’s stock valued at $538,608,000 after buying an additional 588,410 shares during the period. Institutional investors own 77.22% of the company’s stock.
About Yum China (NYSE:YUMC)
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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