RedJay Asset Management Inc. Purchases New Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

RedJay Asset Management Inc. purchased a new position in shares of Yum China Holdings, Inc. (NYSE:YUMC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 125,000 shares of the company’s stock, valued at approximately $6,021,000. Yum China accounts for approximately 3.7% of RedJay Asset Management Inc.’s portfolio, making the stock its 15th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. GeoWealth Management LLC boosted its stake in Yum China by 689.6% in the fourth quarter. GeoWealth Management LLC now owns 529 shares of the company’s stock valued at $25,000 after acquiring an additional 462 shares during the last quarter. Kentucky Trust Co bought a new position in Yum China during the fourth quarter valued at $29,000. Graney & King LLC purchased a new stake in Yum China in the fourth quarter worth $39,000. EverSource Wealth Advisors LLC raised its stake in shares of Yum China by 58.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 878 shares of the company’s stock valued at $42,000 after buying an additional 324 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Yum China during the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Yum China Price Performance

Yum China stock opened at $42.67 on Friday. The firm has a market capitalization of $15.93 billion, a P/E ratio of 18.31, a PEG ratio of 1.72 and a beta of 0.27. Yum China Holdings, Inc. has a one year low of $28.50 and a one year high of $53.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.15. The business has a fifty day moving average price of $46.42 and a 200-day moving average price of $47.21.

Yum China (NYSE:YUMC) last issued its earnings results on Wednesday, April 30th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Yum China had a return on equity of 13.83% and a net margin of 8.06%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities research analysts forecast that Yum China Holdings, Inc. will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.96 annualized dividend and a yield of 2.25%. Yum China’s dividend payout ratio is currently 40.17%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Yum China from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Daiwa America upgraded shares of Yum China to a “strong-buy” rating in a research report on Wednesday, April 9th. 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 company’s stock. According to data from MarketBeat.com, Yum China presently has an average rating of “Buy” and a consensus price target of $48.70.

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.