Rhumbline Advisers lowered its holdings in shares of Yum China Holdings Inc (NYSE:YUMC) by 13.5% in the 1st quarter, Holdings Channel reports. The firm owned 306,081 shares of the company’s stock after selling 47,756 shares during the quarter. Rhumbline Advisers’ holdings in Yum China were worth $13,746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Paragon Capital Management LLC bought a new position in Yum China in the 1st quarter worth approximately $26,000. Baldwin Brothers Inc. MA bought a new position in Yum China in the 1st quarter worth approximately $28,000. Lavaca Capital LLC bought a new position in Yum China in the 4th quarter worth approximately $25,000. Doyle Wealth Management bought a new position in Yum China in the 4th quarter worth approximately $28,000. Finally, Intercontinental Wealth Advisors LLC bought a new position in Yum China in the 4th quarter worth approximately $34,000. 78.20% of the stock is owned by hedge funds and other institutional investors.

NYSE YUMC opened at $42.39 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.30 and a debt-to-equity ratio of 0.01. The company has a market cap of $16.13 billion, a PE ratio of 27.71, a PEG ratio of 2.61 and a beta of 0.81. Yum China Holdings Inc has a one year low of $30.10 and a one year high of $48.27.

Yum China (NYSE:YUMC) last released its quarterly earnings results on Monday, April 29th. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.07. Yum China had a return on equity of 20.36% and a net margin of 7.55%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. Yum China’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts expect that Yum China Holdings Inc will post 1.68 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, May 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.48 annualized dividend and a yield of 1.13%. Yum China’s payout ratio is presently 31.37%.

In other Yum China news, insider Shella Ng sold 17,341 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $44.30, for a total value of $768,206.30. Following the sale, the insider now owns 50,365 shares in the company, valued at $2,231,169.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jacky Wei-Jye Lo sold 1,995 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $43.50, for a total value of $86,782.50. Following the completion of the sale, the chief financial officer now owns 5,996 shares in the company, valued at approximately $260,826. The disclosure for this sale can be found here. Insiders have sold a total of 36,428 shares of company stock worth $1,590,043 in the last 90 days. 0.44% of the stock is currently owned by insiders.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Yum China from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. TheStreet upgraded Yum China from a “c+” rating to a “b” rating in a research report on Thursday, January 24th. OTR Global upgraded Yum China to a “positive” rating in a research report on Thursday, April 11th. 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. Finally, Goldman Sachs Group upgraded Yum China from a “neutral” rating to a “buy” rating and increased their target price for the company from $43.00 to $54.00 in a research report on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $47.88.

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Yum China Company 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, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.

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

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