Yum China Holdings Inc (YUMC) Position Reduced by State Board of Administration of Florida Retirement System

Share on StockTwits

State Board of Administration of Florida Retirement System lowered its holdings in Yum China Holdings Inc (NYSE:YUMC) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 515,673 shares of the company’s stock after selling 10,980 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Yum China were worth $18,105,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its position in shares of Yum China by 32.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 18,374,776 shares of the company’s stock worth $706,693,000 after acquiring an additional 4,475,130 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of Yum China by 125.2% during the second quarter. OppenheimerFunds Inc. now owns 6,750,611 shares of the company’s stock worth $259,628,000 after acquiring an additional 3,753,093 shares during the last quarter. Genesis Asset Managers LLP raised its position in shares of Yum China by 19.2% during the third quarter. Genesis Asset Managers LLP now owns 6,223,553 shares of the company’s stock worth $218,509,000 after acquiring an additional 1,003,729 shares during the last quarter. Vontobel Asset Management Inc. bought a new stake in shares of Yum China during the second quarter worth $230,185,000. Finally, Bank of Montreal Can raised its position in shares of Yum China by 2.6% during the third quarter. Bank of Montreal Can now owns 3,882,707 shares of the company’s stock worth $136,322,000 after acquiring an additional 96,948 shares during the last quarter. 82.54% of the stock is currently owned by institutional investors.

In related news, insider Angela Ai sold 8,391 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $37.25, for a total value of $312,564.75. Following the completion of the sale, the insider now owns 17,127 shares in the company, valued at $637,980.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.37% of the company’s stock.

YUMC has been the subject of a number of recent research reports. Bank of America downgraded Yum China from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $44.30 to $34.00 in a research report on Thursday, July 19th. Oppenheimer downgraded Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 target price for the company. in a research report on Friday, August 17th. Zacks Investment Research upgraded Yum China from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 18th. UBS Group downgraded Yum China from an “outperform” rating to a “market perform” rating in a report on Friday, August 17th. Finally, Macquarie downgraded Yum China from an “outperform” rating to a “neutral” rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $42.75.

NYSE YUMC opened at $36.50 on Friday. The stock has a market capitalization of $14.20 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.70 and a beta of 0.56. The company has a quick ratio of 1.51, a current ratio of 1.74 and a debt-to-equity ratio of 0.01. Yum China Holdings Inc has a 12 month low of $30.10 and a 12 month high of $48.75.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. Yum China had a return on equity of 20.94% and a net margin of 6.45%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, equities research analysts predict that Yum China Holdings Inc will post 1.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Monday, November 26th. This is an increase from Yum China’s previous quarterly dividend of $0.10. Yum China’s dividend payout ratio is currently 28.17%.

ILLEGAL ACTIVITY NOTICE: “Yum China Holdings Inc (YUMC) Position Reduced by State Board of Administration of Florida Retirement System” was reported by Week Herald and is the sole property of of Week Herald. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://weekherald.com/2018/11/10/yum-china-holdings-inc-yumc-position-reduced-by-state-board-of-administration-of-florida-retirement-system.html.

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.

Further Reading: What are Closed-End Mutual Funds?

Want to see what other hedge funds are holding YUMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum China Holdings Inc (NYSE:YUMC).

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

Receive News & Ratings for Yum China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum China and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply