Yum China $YUMC Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC lessened its holdings in shares of Yum China (NYSE:YUMC) by 42.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 164,879 shares of the company’s stock after selling 120,139 shares during the quarter. Neuberger Berman Group LLC’s holdings in Yum China were worth $7,379,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Yum China by 29.7% during the first quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company’s stock worth $1,248,709,000 after buying an additional 5,485,735 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Yum China by 9.0% during the 1st quarter. Northern Trust Corp now owns 2,076,822 shares of the company’s stock worth $108,119,000 after acquiring an additional 171,643 shares during the period. US Bancorp DE boosted its position in shares of Yum China by 21.7% during the 2nd quarter. US Bancorp DE now owns 32,088 shares of the company’s stock valued at $1,435,000 after acquiring an additional 5,723 shares during the last quarter. Soros Capital Management LLC purchased a new stake in shares of Yum China in the first quarter valued at about $14,681,000. Finally, Oak Harvest Investment Services purchased a new position in Yum China during the first quarter worth about $9,206,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Yum China in a research note on Wednesday, October 8th. CLSA reiterated an “outperform” rating and set a $55.00 price target on shares of Yum China in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $55.00.

Insiders Place Their Bets

In other Yum China news, insider Jeff Kuai sold 5,167 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $48.00, for a total transaction of $248,016.00. Following the sale, the insider owned 56,602 shares in the company, valued at $2,716,896. This represents a 8.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Duoduo (Howard) Huang sold 4,888 shares of Yum China stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $48.10, for a total value of $235,112.80. Following the completion of the transaction, the insider owned 22,510 shares of the company’s stock, valued at $1,082,731. The trade was a 17.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,242 shares of company stock worth $878,397 in the last quarter. 0.40% of the stock is owned by company insiders.

Yum China Stock Performance

Shares of Yum China stock opened at $48.14 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.63 and a beta of 0.18. The business has a 50-day moving average of $44.61 and a 200 day moving average of $44.90. Yum China has a 12 month low of $41.00 and a 12 month high of $53.99.

Yum China (NYSE:YUMC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.20 billion. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 earnings per share. As a group, sell-side analysts forecast that Yum China will post 2.54 earnings per share for the current year.

Yum China Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. Yum China’s payout ratio is presently 39.83%.

About Yum China

Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.