PNC Financial Services Group Inc. Trims Stake in Yum China Holdings, Inc. (NYSE:YUMC)

PNC Financial Services Group Inc. trimmed its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,757 shares of the company’s stock after selling 6,095 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Yum China were worth $6,202,000 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 YUMC. Farther Finance Advisors LLC lifted its stake in shares of Yum China by 43.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock valued at $38,000 after acquiring an additional 258 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Yum China by 49.6% in the 3rd quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company’s stock valued at $356,206,000 after acquiring an additional 2,609,494 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Yum China in the 3rd quarter valued at about $139,000. GSA Capital Partners LLP lifted its stake in shares of Yum China by 100.2% in the 3rd quarter. GSA Capital Partners LLP now owns 35,760 shares of the company’s stock valued at $1,610,000 after acquiring an additional 17,898 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Yum China in the 3rd quarter valued at about $296,000. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Joey Wat sold 37,252 shares of Yum China stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $49.71, for a total value of $1,851,796.92. Following the sale, the chief executive officer now directly owns 382,657 shares of the company’s stock, valued at approximately $19,021,879.47. The trade was a 8.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeff Kuai sold 3,900 shares of the business’s stock in a transaction that occurred on Monday, February 17th. The stock was sold at an average price of $48.21, for a total value of $188,019.00. Following the sale, the insider now directly owns 56,602 shares in the company, valued at $2,728,782.42. The trade was a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Yum China from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Yum China Stock Up 0.4 %

Yum China stock opened at $49.31 on Thursday. The firm has a market cap of $18.54 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.72 and a beta of 0.35. The stock has a fifty day simple moving average of $46.74 and a two-hundred day simple moving average of $45.09. Yum China Holdings, Inc. has a 12 month low of $28.50 and a 12 month high of $52.00. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Yum China had a return on equity of 13.83% and a net margin of 8.06%. Equities analysts predict that Yum China Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Yum China Increases Dividend

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

Yum China 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.