Okabena Investment Services Reduces Stake in Yum China Holdings, Inc.

Okabena Investment Services Inc. has reduced its stake in Yum China Holdings, Inc. (NYSE:YUMC) by 12.7% during the fourth quarter, as reported in its latest Form 13F filing with the Securities and Exchange Commission (SEC). After selling 7,268 shares, Okabena now holds 49,777 shares of Yum China's stock, which were valued at approximately $2,398,000 at the conclusion of the quarter.

Additionally, several other institutional investors and hedge funds have adjusted their positions in Yum China's stock. Kentucky Trust Co established a new stake in the company, valued at $29,000, during the fourth quarter. Graney & King LLC also acquired a new position worth $39,000. Meanwhile, EverSource Wealth Advisors LLC increased its holdings by 58.5%, now owning 878 shares valued at $42,000 after buying an extra 324 shares last quarter. Brown Brothers Harriman & Co. boosted their position by 33.5%, now owning 1,735 shares valued at $84,000 after acquiring an additional 435 shares. Signaturefd LLC enhanced its stake by 32.7%, reaching 1,825 shares valued at $88,000 following a purchase of 450 shares. Currently, 85.58% of Yum China's stock is owned by institutional investors and hedge funds.

Yum China Stock Performance

On Friday, shares of NYSE YUMC opened at $51.89. The company has a market capitalization of $19.52 billion and a price-to-earnings ratio of 22.27. Additionally, its PEG ratio stands at 1.72 and it has a beta of 0.35. The business features a 50-day simple moving average of $48.71 and a 200-day simple moving average of $46.55. Yum China has a low of $28.50 and a high of $53.99 over the past 52 weeks.

Yum China reported its earnings results on February 6th, showing an earnings per share (EPS) of $0.30, slightly below the consensus estimate of $0.31. The company has a return on equity of 13.83% and a net margin of 8.06%. Analysts project an average of $2.54 EPS for the ongoing fiscal year.

Recent Dividend Announcement

The company recently announced a quarterly dividend of $0.24, which was paid on March 27th. Shareholders who were on record as of March 6th received this dividend. The annualized dividend now totals $0.96, resulting in a dividend yield of 1.85%. This represents an increase from Yum China's prior quarterly dividend of $0.16. At present, Yum China's payout ratio is 41.20%.

Changes in Analyst Ratings

In other news, StockNews.com downgraded Yum China's shares from a "buy" rating to a "hold" rating in a report published on February 25th.

Insider Activities at Yum China

In terms of insider transactions, Chief Technology Officer Leila Zhang sold 4,000 shares on March 14th at an average price of $50.59, totaling $202,360. After this transaction, Zhang owns 52,075 shares valued at about $2,634,474, reflecting a decrease of 7.13% in ownership. This transaction has been documented in a filing with the SEC. Additionally, insider Jeff Kuai sold 3,900 shares at an average price of $48.21 on February 17th, amounting to $188,019. Following this sale, Kuai retains 56,602 shares valued at $2,728,782. This sale indicates a 6.45% reduction in their ownership. Insiders sold a total of 45,152 shares of stock in the last quarter, worth approximately $2,242,176, with only 0.30% of the stock owned by corporate insiders.

About Yum China Holdings, Inc.

Yum China Holdings, Inc. is involved in owning, operating, and franchising restaurants in China. The company operates through various segments such as KFC, Pizza Hut, and others. It also manages multiple restaurant concepts, including Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang. In addition to physical restaurants, Yum China operates the V-Gold Mall, a mobile e-commerce platform, and offers online food delivery services.

YumChina, Investment, Stocks