Millennium Management LLC Buys 1,141 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Millennium Management LLC raised its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567,444 shares of the company’s stock after purchasing an additional 1,141 shares during the period. Millennium Management LLC owned approximately 0.15% of Yum China worth $27,334,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in YUMC. GeoWealth Management LLC raised its position in Yum China by 689.6% during the fourth quarter. GeoWealth Management LLC now owns 529 shares of the company’s stock valued at $25,000 after purchasing an additional 462 shares in the last quarter. Kentucky Trust Co acquired a new position in Yum China during the fourth quarter valued at approximately $29,000. Graney & King LLC acquired a new position in Yum China during the fourth quarter valued at approximately $39,000. EverSource Wealth Advisors LLC raised its position in Yum China by 58.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 878 shares of the company’s stock valued at $42,000 after purchasing an additional 324 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in Yum China during the fourth quarter valued at approximately $48,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Yum China Stock Up 0.9%

Shares of NYSE:YUMC opened at $44.61 on Tuesday. The company has a fifty day moving average of $47.13 and a 200-day moving average of $47.37. The company has a market capitalization of $16.65 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.72 and a beta of 0.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.29. Yum China Holdings, Inc. has a 52-week low of $28.50 and a 52-week high of $53.99.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.13 billion. Yum China had a return on equity of 13.83% and a net margin of 8.06%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. On average, equities analysts predict that Yum China Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.15%. Yum China’s payout ratio is 40.17%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on YUMC shares. Daiwa America upgraded shares of Yum China to a “strong-buy” rating in a report on Wednesday, April 9th. StockNews.com downgraded shares of Yum China from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $48.70.

Insider Transactions at Yum China

In other Yum China news, CTO Leila Zhang sold 4,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $50.59, for a total transaction of $202,360.00. Following the sale, the chief technology officer now owns 52,075 shares of the company’s stock, valued at approximately $2,634,474.25. This represents a 7.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joey Wat sold 37,252 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $49.71, for a total transaction of $1,851,796.92. Following the sale, the chief executive officer now directly owns 382,657 shares in the company, valued at $19,021,879.47. This trade represents a 8.87% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

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.