Kingsview Wealth Management LLC Increases Stake in Yum China Holdings, Inc. (NYSE:YUMC)

Kingsview Wealth Management LLC grew its stake in Yum China Holdings, Inc. (NYSE:YUMC) by 15.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,623 shares of the company’s stock after buying an additional 892 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Yum China were worth $319,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. raised its position in shares of Yum China by 49.6% during the 3rd quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company’s stock worth $356,206,000 after acquiring an additional 2,609,494 shares in the last quarter. Waverton Investment Management Ltd raised its position in shares of Yum China by 350.7% during the 3rd quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company’s stock worth $189,202,000 after acquiring an additional 3,270,560 shares in the last quarter. FMR LLC raised its position in shares of Yum China by 4,176.5% during the 3rd quarter. FMR LLC now owns 3,588,977 shares of the company’s stock worth $161,576,000 after acquiring an additional 3,505,053 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Yum China by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,552,629 shares of the company’s stock worth $159,939,000 after acquiring an additional 11,535 shares in the last quarter. Finally, Temasek Holdings Private Ltd raised its position in shares of Yum China by 61.4% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,942,959 shares of the company’s stock worth $132,492,000 after acquiring an additional 1,120,054 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Yum China Trading Up 1.7 %

YUMC opened at $49.13 on Friday. The firm has a market cap of $18.66 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 1.50 and a beta of 0.33. Yum China Holdings, Inc. has a 52 week low of $28.50 and a 52 week high of $52.00. The business’s 50 day moving average is $46.91 and its two-hundred day moving average is $42.99. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC) last announced its earnings results on Thursday, February 6th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). Yum China had a net margin of 8.06% and a return on equity of 13.83%. On average, research analysts predict that Yum China Holdings, Inc. will post 2.55 EPS for the current year.

Yum China Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a $0.24 dividend. This is an increase from Yum China’s previous quarterly dividend of $0.16. This represents a $0.96 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, March 6th. Yum China’s dividend payout ratio (DPR) is 41.20%.

Insider Buying and Selling at Yum China

In related news, insider Duoduo (Howard) Huang sold 6,377 shares of Yum China stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $47.47, for a total value of $302,716.19. Following the sale, the insider now directly owns 16,641 shares in the company, valued at $789,948.27. The trade was a 27.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $35.50 to $60.00 in a research report on Tuesday, November 5th. StockNews.com lowered Yum China from a “buy” rating to a “hold” rating in a research report on Sunday, February 9th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $49.57.

Yum China Company Profile

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.